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Worrying changes at Zopa?
amcluesent
Posts: 9,425 Forumite
Any other Zopa lenders here? I can't fathom them removing options to loan at 12 and 24 months, obliging lenders to be 'in' for a minimum of 36 months. Making these changes at the same time as the credit-crunch with a spurious explanation suggests a wheel is coming off. IMHO get out of the lending game on Zopa, the risk/reward just isn't kosher.
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Comments
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I totally agree.
I don't think that Zopa have even been that cheap on their rates for lenders.0 -
Hopefully, when they refer to the 'new, simplified, Zopa', they mean that in future, when your statement tries to add £0.01 and £0.01, it will arrive at £0.02 instead of, at present, £0.01 or £0.03.
It's a complete dog's breakfast.0
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