The Anonymous Widower

Zopa in the Sunday Times

Zopa is featured in an article in the Sunday Times today called “Become a Lender and Earn 15 %”.

Two statements about Zopa stand-out.

Zopa has provided £160m-worth of unsecured loans to consumers since it was launched in 2005 and accounts for more than 2% of such new lending.

If that is true, then they have become a significant player in the personal lending market. I checked with Zopa and they told me that it’s between one and two percent and sometimes up to the higher limit.

And.

Zopa said its default rate is 0.9% against an average 5% to 7% for high street banks.

I would go along with that as my default rate has not been at all high. In fact it’s significantly less than 0.9%.

October 16, 2011 - Posted by AnonW | Computing, Finance | Banks, Internet, Zopa