A quick update on Zopa, the UK-based peer-to-peer lender that has been proving its worth for both lenders and borrowers during the credit crunch. As I wrote last month, interest rates had been rising for Zopa lenders, but the spike up in bad debt that I feared might have occurred…
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Back in March 2008, I asked if rising interest rates at Zopa, the British peer-to-peer lender, were an opportunity for cash-rich savers or an accident waiting to happen: In the A*, 24-month market, I seem to be in the zone with an interest rate of 10.5%, which Zopa estimates will…
Just when peer-to-peer bank Zopa was getting interesting again thanks to higher rates, it’s somewhat annoyingly announced plans to limit the kinds of loans you can make with your savings. The new regime will see one, two and four-year loan terms scrapped, with only 36 or 60 month loans being…
A quick update to my post of last week discussing Zopa rates rising because of the credit crisis. Rates have now come down – my main lending offer to A* customers is now out of the ‘Zone of Possible Agreement’ (ZOPA), which in English means people can get such better…
