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Zopa UK reached 25 million GBP in loans

Zopa reached 25 million pounds in loans. Zopa states cash depositers received an average 8.3% return after charges at a default rate of 0.04 percent. (Sources: Zopa, Financial Times)

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Young Market at Zopa UK launched

Following through on the announcement (read: Zopa UK plans Young Market to target young borrower) Zopa has launched this market segment. Zopa says, it will help young adults, aged 20 to 25 obtain a loan, which otherwise would have difficulties - not because they have a bad credit history but because they have little or [...]

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Rolling The Dice

With the latest news about Prosper.com being sued by lenders I thought I would play the contrarian and bid on some loans today. There are some pretty good loans in the offing at the moment if you take the time to look, so I transferred (thanks to the instant transfer via the Facebook.com app) $407.73 [...]

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Zopa Processing Nicely…

The Zopa crew gets major ups on the smooth-sailing of the relocation loan. So far I have been asked for two paystubs, of which I was proactive and sent my W-2 since I had it out (thanks Prosper) just in case they needed it as my salary has been winding down the last couple of [...]

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Listing Withdrawn

After sleeping on it, I decided to remove the Prosper listing. The driver’s license issue is just too lame to overlook as the CSR was more interested in the picture vs. checking the information (wrong address, weight, picture is way out of date, etc). And, as this is my third loan from Prosper, it’s never [...]

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Fire Hoops at Prosper!

Okay, I’m getting pretty close to pulling the plug on the whole notion of getting a loan from Prosper.com to cover our moving expenses due to the fact I just drove home to get the required documents, then drove back to work to fax them over to them; Then came home only to find that [...]

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Zopa.. Zone of Profitable Awesome-ness!

As you can see on the right-hand side of this post there is an ad for Zopa for our loan we used to consolidate some other debt at a lower rate (average of 13% dropped to 9.99%<). Zopa is currently the only P2P offering in the states to offer FDIC backing of lender investments in [...]

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Where to from here…

So I’ve had half of the day to think about my response to LendingClub.com’s rather abrupt move to go into a ‘quiet time’ mode without any advance warning. Some thoughts and obvious concerns… First, completely blind-sided by this event and I’m sure others felt a stomach ache forming from the news that they won’t be [...]

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