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DimPrawn
22nd July 2010, 11:20
Has anyone here used Zopa to lend the money out?

http://uk.zopa.com/ZopaWeb/public/promo/great-return-for-businesses.html

Many small- to medium-sized businesses are already using lending at Zopa as a smart way of boosting their profits. And it makes all the sense in the world if you think about it.

Zopa offers businesses an alternative. Companies holding a consumer credit licence, which Zopa will advise on how to obtain, can now lend as much money as they wish at Zopa. Average returns over the last year have been 7.88% on the money lent out by Zopa lenders – a significant premium to typical business banking overnight and short-term treasury rates.


Any thoughts or comments?

Gonzo
22nd July 2010, 11:24
I am sure that this has been discussed before.

Not recently though so you may be forgiven for raising it again. ;)

AtW
22nd July 2010, 11:24
Companies holding a consumer credit licence

If Zopa was so sure in their interest rates paid, then they'd issue bonds or something.

eek
22nd July 2010, 11:25
I remember a discussion last week on hpc (http://www.housepricecrash.co.uk/forum/index.php?showtopic=138242&st=0) about zopa.

summary seems to be to drip the money in so you ensure you don't panic and accept crap rates.

thunderlizard
22nd July 2010, 11:30
See what this guy has to say about it:
http://forums.contractoruk.com/general/52447-zopa.html#post1075657

Clippy
22nd July 2010, 11:30
This guy (http://forums.contractoruk.com/general/52447-zopa.html#post1075657) seems to know what he is talking about! :eyes

DimPrawn
22nd July 2010, 11:31
I'm going to give it a try with a small amount. Say a couple of hundred thousand or so and see how I get on.

If it works out, I'm thinking of setting up business as a loan shark.

MF - You looking for work punching people?

AtW
22nd July 2010, 11:32
This guy (http://forums.contractoruk.com/general/52447-zopa.html#post1075657) seems to know what he is talking about! :eyes

He bought all the gold, but still got some money left :eyes

DimPrawn
22nd July 2010, 11:33
This guy (http://forums.contractoruk.com/general/52447-zopa.html#post1075657) seems to know what he is talking about! :eyes

What I was saying there is there's no point when the sums involved are low. All the hassle for a few quid a year.

I'm in the big league now.

AtW
22nd July 2010, 11:35
I'm in the big league now.

Ze biggest :rolleyes: