The Anonymous Widower

Moneywise and Zopa

Just read this page.

So in terms of trust Zopa rank with the very best when it comes to providing personal loans.

Who says so?

A survey of 12,000 Britons by Moneywise. I suppose it all boils down to how much you trust Moneywise and their methods of doing surveys.

The detailed results are here.

Here’s a couple of paragraphs from the page.

Although there’s the risk of borrower default, lenders benefit from rates that are higher than those on savings accounts, while borrowers enjoy low rates and no early repayment fees.  

And the model’s proved a hit with its customers. One describes it as “shaking up financial services,” while another said “it just works. No nasty bankers”. There’s also praise for the service Zopa providers: “They are friendly and care about their members. Service is fast, reliable and efficient.”

Incidentally, Santander and Halifax were rated the worst.

August 5, 2011 - Posted by AnonW | Finance, News | Banks, Zopa