Zopa - anyone use it for lending/saving?

Discussion in 'Finance, Property, Law' started by Sympathetic_Reaction, Jun 15, 2010.

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  1. Sympathetic_Reaction

    Sympathetic_Reaction LE Book Reviewer

    I was having a look at the interest I get from the bank and it is pathetic....even the ISA and high interest stuff is pretty poor, struggling to get over inflation.

    A news article I read recently mentioned the website Zopa as a place to get a better return.


    basically it is a lending/borrowing collective setup, people ask for a loan, you offer to lend an amount for a certain interest rate and they either accept or decline.

    I was just wondering if anyone here has ever used them? I'm not going to drop the family savings into it, but I have a spare couple of hundred which is sitting in a carp interest account i thought i might give it a go.

  2. This has been discussed before - do a search on 'Zopa'.