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marshall2k

Member Since 23 Jul 2008
Offline Last Active Today, 07:53

Posts I've Made

In Topic: Zopa in the news.

Yesterday, 13:19

The Guardian - Savings rates lag inflation ... what are your options?

LoveMoney - Cheapest loan of 4.9% launched by Zopa

In Topic: Zopa in the news.

Yesterday, 09:35

Also in the Express:

Posted Image

(via Zopa's tweet)

Shame about the term "application fee". To me, this means a fee when you apply regardless of outcome. Also, we know the fee is variable.

In Topic: Zopa in the news.

Yesterday, 07:34

The Express - Bypass the banks and get better rates

In Topic: Zopa in the news.

18 June 2013 - 19:32

MyFinances.co.uk - Zopa cuts personal loan rate to 4.9 per cent

(There goes my theory :D)

In Topic: Rates Downward and Onward

18 June 2013 - 10:07

We were warned of this in the weekly email, although it was missing from some people's emails.

Quote

With so many savers putting money into Zopa lending is slower than usual. To attract more borrowers and increase lending speed we are launching a market-leading loan tomorrow. This may mean the projected returns may fall slightly this week. You can see the projected return each day on the rate history page in your Zopa account.

Zopa is currently market leading across most (perhaps all, hard to check as comparison sites haven't updated) loan values, this wasn't the case yesterday at least for 5 year loans above £7000ish.

Putting on my speculative hat, this could be a test to complement the promotion a month ago. That time there was a press release and subsequent media coverage, this time there is nothing. This might inform on whether price or press is king. (cue press release proving my speculation wrong :lol: )