worzel Posted December 16, 2010 Share Posted December 16, 2010 I have 12K and just checked my lending month average rates. They started falling in November and plummeted in December. In terms of rapid return not many are exercising this option. I have purchased 1 part paid loan since the scheme started. I suppose the inrush of new cash is as a result of the option being there. Need to start plugging zopa laons to my indebted mates True - the rates for unsecured borrowers on zopa are pretty competitive compared the rates advertised in the press. Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted December 17, 2010 Share Posted December 17, 2010 True - the rates for unsecured borrowers on zopa are pretty competitive compared the rates advertised in the press. I have sent the tell a friend link to 3 friends who recently said they were borrowing money for a new car. I have offered them half my £50 reward if they take the loan with ZOPA through my recommendation. Everyone a winner! Quote Link to comment Share on other sites More sharing options...
levoleurdefruits Posted May 4, 2011 Share Posted May 4, 2011 I don't get it. An Aviva A bond pays as good, and within ISA. No deal Quote Link to comment Share on other sites More sharing options...
levoleurdefruits Posted May 6, 2011 Share Posted May 6, 2011 sorry, Aviva preference share Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted November 8, 2011 Share Posted November 8, 2011 ZOPA update. Demand has fallen through the floor. Still getting 4.4/4.5% net of charges and bad debt expectations so better than most accounts. On all accounts the Nationwide - Sainsbury Loan price war is affecting ZOPA's ability to compete right now. Quote Link to comment Share on other sites More sharing options...
Pete95 Posted November 8, 2011 Share Posted November 8, 2011 Yeah I've noticed the returns on Zopa have just plummeted in the last couple of months - usually money I get paid back gets lent out straight away, but I keep having to go on and massively lowering the lending rates to get money lent out now! Guessing it's a combination of reduced demand for loads and more people looking to get a decent return on their savings. Still some way to go until it's not worth bothering with however. Quote Link to comment Share on other sites More sharing options...
rw42 Posted November 9, 2011 Share Posted November 9, 2011 I took my money out of it via fast return - ended up marginally ahead on nearly a year's lending. Could see interest rates trending down, and wasn't convinced that those i'd lent money to now would still be in a position to repay in 3/5 years time. Basically, nice idea but still see TSHTF sometime and don't really want to be a lender at that moment. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.