Zopa Goes Automatic
Zopa has introduced a product called Safeguard. Read what Which says about it here. Here’s the first paragraph.
Zopa, the UK’s leading peer-to-peer (P2P) site, has today announced it has created a ‘safeguard’ to pay out to lenders even if a borrower defaults on the money owed.
Having just put some money into the new product, it would appear that the process is now totally add money and accumulate the interest.
The most interesting thing about this product, is why if an independent company can give a rate of return of 5% or so, why can’t the banks?
Go figure!
No comments yet.
The Anonymous Widower 
Leave a comment