The Anonymous Widower

Is Zopa Losing Its Attraction As A Platform To Go For A Loan?

Over the last month or so, I have been getting bigger amounts of money moved to my holding amount on Zopa,.

It appears to me, that borrowers could be repaying loans early.

This could be for one of several reasons.

  • People are fed up with non-Brexit and are being prudent, by repaying loans.
  • The economy seems to be picking up and borrowers can afford to pay loans off.
  • There are some good offers out there and borrowers are consolidating their loans elsewhere.

As Zopa don’t charge anything to pay off a loan, so if you have spare money, it must be top of the list for a loan to pay off.

A Worrying Trend On Lending

Perhaps more worrying is that at the moment the money I have made available to borrowers, seems to take a long time to be allocated.

Is this due to a shortage of would-be borrowers?

Conclusion

I have decided to increase my spending and visit some of the places on my bucket list.

May 11, 2019 - Posted by | Finance |

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