Do People Pay Off Loans At The End Of The Year?
Looking at my Zopa figures it seems to show that more loans are paid up early around the turn of the year.
I can’t get any decent figures from my database, but it could be that at that time, people take a hard look at their finances and other factors might come in, such as parents paying off their children’s loans as a Christmas present.
Or it could be a one off effect this year as the Bank of England has said that mortgage lending has increased.
On the other hand, Zopa still seems to be lending money at the same rate, so perhaps the losers in this pincer movement are those providing traditional loans and overdrafts.
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The Anonymous Widower 
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