Comments on: Zopa Away! http://www.andrewferrier.com/blog/2006/10/23/zopa-away/ Economics; Travel; Film; and Technology. Tue, 06 Jan 2009 05:34:05 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Gman http://www.andrewferrier.com/blog/2006/10/23/zopa-away/comment-page-1/#comment-30467 Gman Fri, 06 Jul 2007 14:51:29 +0000 http://www.new-destiny.co.uk/andrew/blog/2006/10/23/zopa-away/#comment-30467 I borrowed £2000 from zopa for my niece, to help her buy her first car. As far as borrowing goes, they gave me the best rates I have ever had, and over 2 years the interest is only a little over a £100. As I had created an account with them, I also recently decided to put some of my won money in to be lent. I have had money sitting in a savings account for years which makes little each year, and the interest rates on zopa, even after bad debt etc...etc.... are a lot better. Gotta say, I think its a great idea. I borrowed £2000 from zopa for my niece, to help her buy her first car. As far as borrowing goes, they gave me the best rates I have ever had, and over 2 years the interest is only a little over a £100.

As I had created an account with them, I also recently decided to put some of my won money in to be lent.

I have had money sitting in a savings account for years which makes little each year, and the interest rates on zopa, even after bad debt etc…etc…. are a lot better.

Gotta say, I think its a great idea.

]]> By: andrewferrier http://www.andrewferrier.com/blog/2006/10/23/zopa-away/comment-page-1/#comment-20195 andrewferrier Sun, 18 Mar 2007 00:22:58 +0000 http://www.new-destiny.co.uk/andrew/blog/2006/10/23/zopa-away/#comment-20195 Well, to be honest I'd kinda forgotten about it. I think they've committed the first cardinal sin, which is to fail to stay in touch. I've had no emails about how wonderfully or otherwise my investments are doing. I should check sometime, but am not so impressed as I initially was. Well, to be honest I’d kinda forgotten about it. I think they’ve committed the first cardinal sin, which is to fail to stay in touch. I’ve had no emails about how wonderfully or otherwise my investments are doing. I should check sometime, but am not so impressed as I initially was.

]]> By: dps http://www.andrewferrier.com/blog/2006/10/23/zopa-away/comment-page-1/#comment-20189 dps Sat, 17 Mar 2007 20:21:35 +0000 http://www.new-destiny.co.uk/andrew/blog/2006/10/23/zopa-away/#comment-20189 How did this go, then? Keep us updated? How did this go, then? Keep us updated?

]]> By: Financist http://www.andrewferrier.com/blog/2006/10/23/zopa-away/comment-page-1/#comment-3954 Financist Fri, 10 Nov 2006 08:19:58 +0000 http://www.new-destiny.co.uk/andrew/blog/2006/10/23/zopa-away/#comment-3954 Great name... Zopa. In russian it means butt :D So hwta that means? Let's hope our money don't be thrown in the zopa? :D :D Great name… Zopa. In russian it means butt :D So hwta that means? Let’s hope our money don’t be thrown in the zopa? :D :D

]]> By: andrewferrier http://www.andrewferrier.com/blog/2006/10/23/zopa-away/comment-page-1/#comment-2564 andrewferrier Mon, 23 Oct 2006 16:27:58 +0000 http://www.new-destiny.co.uk/andrew/blog/2006/10/23/zopa-away/#comment-2564 Chris, that's interesting to hear. Guess I'm not too concerned about problems borrowing money. As far as lending goes, I think the rates at the minute look good - it's hard to see how you're going to get more without either a tax-free product (e.g. an ISA), or investing directly in the stockmarket. There certainly aren't any flexible savings accounts with rates like Zopa are currently advertising. Anyway, it's a bit of fun too, so maybe I'm paying slightly for that! But I'm intrigued. I'll keep everyone up-to-date with how well it works. Chris, that’s interesting to hear. Guess I’m not too concerned about problems borrowing money. As far as lending goes, I think the rates at the minute look good - it’s hard to see how you’re going to get more without either a tax-free product (e.g. an ISA), or investing directly in the stockmarket. There certainly aren’t any flexible savings accounts with rates like Zopa are currently advertising.

Anyway, it’s a bit of fun too, so maybe I’m paying slightly for that! But I’m intrigued. I’ll keep everyone up-to-date with how well it works.

]]> By: dps http://www.andrewferrier.com/blog/2006/10/23/zopa-away/comment-page-1/#comment-2555 dps Mon, 23 Oct 2006 12:49:10 +0000 http://www.new-destiny.co.uk/andrew/blog/2006/10/23/zopa-away/#comment-2555 I spotted it in your delicious stream too and must say I'm intrigued. Will watch your progress with interest! I spotted it in your delicious stream too and must say I’m intrigued. Will watch your progress with interest!

]]> By: Chris Tomkins http://www.andrewferrier.com/blog/2006/10/23/zopa-away/comment-page-1/#comment-2551 Chris Tomkins Mon, 23 Oct 2006 11:52:42 +0000 http://www.new-destiny.co.uk/andrew/blog/2006/10/23/zopa-away/#comment-2551 I discovered Zopa about 6 months ago. Sounded like a nice idea but people (including me) have had problems getting it to lend you money (even if you have a good credit score) and from a lending point of view it is not a particularly lucrative investment. I discovered Zopa about 6 months ago. Sounded like a nice idea but people (including me) have had problems getting it to lend you money (even if you have a good credit score) and from a lending point of view it is not a particularly lucrative investment.

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