The Anonymous Widower

Zopa Seems To Have Deconstipated

In early March, I wrote Is The COVID-19 Having An Affect On Lending At Zopa?, where I said this.

I lend money on Zopa and at the moment no-one seems to be borrowing any money.

I put some of my pension in my lending pot into the peer-to-peer lender each month and it’s still there sitting safely in the queue for a borrower.

Perhaps everybody is being cautious because of the COVID-19 alert.

At the time of writing this new post, everything seems to be back to normal. Or at least money, that I put in my lending account yesterday, has now been allocated to borrowers and is awaiting the final checks.

Eight years ago, I wrote Stability in Financial Systems, where I put forward my belief that Zopa is a stable system, that adjusts itself to the conditions it encounters.

Has the peer-to-peer lender just demonstrated, that my thoughts are correct, by sailing untroubled through the COVID-19 crisis, with just a small adjustment on the tiller here and there, just as it survived the Banking Crisis of 2008?

May 29, 2020 - Posted by | Finance, Health | , ,

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