Breaking The 9 % Barrier
This morning, I found that my investment in Zopa has now paid 9 % since the start of the year. The actual figure is 9.04 %, but of course this is before tax, although it does include bad debts and all charges.
I think this is because a lot of older loans from 2009 and 2010 have now been fully paid and these have been replaced with ones that have a higher interest rate from the past year or so.
I think too, that good, high quality borrowers are looking at Zopa rather than the banks, which are much more expensive and have onerous terms and conditions.
It may be too, that Zopa are getting their checks better. Bad debts from various years are as follows 2008 (3), 2009(5), 2010(5). 2008 is probably low, as most loans from that year are now paid up.
The Anonymous Widower 
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