Zopa so good!!
Where else can you get over 5% for a small investment? More details Technorati Tags: button, button link, color, color silver, details button, link, newwindow, zopa Share this:FacebookStumbleUponDigg
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I’m getting 7% Interest
It’s been a few months now since I started my trial with Zopa and I’m getting a decent return on my investment. Zopa is a marketplace for peer-to-peer lending. People lend and borrow money with each other, sidestepping the banks. The email summary I got today gave me an overview of my interest. Your average gross lending rate (after fee) on loans made… In the last week is 5.1% In the last Month is 5.1% Since you joined is 7.03% Zopa Peer-to-peer lending is a smarter, fairer...
Read MoreLending Money With a Smile
Zopa is a market place for social lending I think I heard about Zopa while listening to Radio 2 at work, after a short investigation I quickly grasped the basic concept. Lenders add funds to a central pool of cash and then borrowers borrow against that money. The money you add is spread amongst many borrowers so the chances of being effected by bad debtors is lowered (but not removed). I added £30 to my account just to see how the system works. Today saw my funds clear into my account and we...
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If there is an average for the number of ideas you have in one day, I imagine I would be well above that average. The problem with ideas is you never know how good they are until you tell others. This site should help me discover if I'm just waisting my time. 
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