Zopa..reliable?

Associate
Joined
13 Jan 2007
Posts
2,424
Location
Belfast,Northern Ireland
Does anyone use this? I read the recent moneysupermarket article and have about 5k sitting in a current account because I'm a retard and haven't got round to sorting it out.

I've filled up my cash ISA allowance and was looking at the Natwest eSaver account until I saw the Zopa article, I believe Zopa (or alternatives) after fees and defaults, still return a higher percentage?

Anyone got bad or good experiences with them or alternatives? Best to play it safe and go with a regular savings account?
 
Soldato
Joined
16 Oct 2007
Posts
7,294
Location
UK
A quarter of a billion has been lent, it's pretty safe - a small risk factor but you'll get a better return than a bank, and will be helping someone out!
 
Associate
Joined
9 Sep 2009
Posts
1,177
I put £200 in about a year ago :) all good so far. The AA credit rated borrows seems a far better deal to me.
 
Man of Honour
Joined
17 Oct 2002
Posts
158,545
I can't really work it out you have to keep managing the money

How can you claim its all good so far if you can't work out your return? Surely you don't know if its good as you dont know if your returns have exceeded those which you'd have got from a conventional savings product?
 
Associate
Joined
9 Sep 2009
Posts
1,177
[TW]Fox;23030339 said:
How can you claim its all good so far if you can't work out your return? Surely you don't know if its good as you dont know if your returns have exceeded those which you'd have got from a conventional savings product?

Just meant I've not had any bad debts, everyone's paid on time.
 
Soldato
Joined
11 Mar 2004
Posts
4,999
It does tell you your Zopa total....so it's easy to tell what you have returned. It tells me i've earned over £500 quid...problem is since i took all the money out i can't remember what i put in lol
 
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