The Anonymous Widower

Zopa Demand Increases

I keep track of the amount of money that is requested on Zopa.

Over the last few months it has risen substantially, as on April 1, 2009 it was £3.5 million and now as I write on the 14th July it is hovering around the £10 million mark.  In other words demand has increased three times in three and a half months.

Incidentally, interest rates have firmed up in that period and started rising towards the end of April.

I still only have the one bad debt and accounts in arrears are about the same they were in April. 

This means that my return is still at present just over five percent.  But that includes all the money tied up in Zopa and not just that lent out.

July 14, 2009 - Posted by AnonW | Business, Finance | Banks, Zopa