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iwant2retire

Member Since 10 Jun 2012
Offline Last Active Jul 04 2012 11:15

Topics I've Started

getting money from holding fund into new loans

27 June 2012 - 09:56

Could someone help me please?
After 17 days on Zopa (and addicted already) I still can't find out how to get money which was in processing, but is now back in my holding fund, into a new loan offer I have set up today.
I jut have 4 new loans, all set up today, all showing pink, waiting for my Faster Payments tfr at the moment.  Can I get the holding fund money into one of these or do I have to set up another loan especially for this "rejected" money?
Also I have one other question.  Has anyone experience of selling loans? I would really like to know how long this takes on average as I have some more money I can lend out but may need it back next year.  Would it be wise to invest it for up to a year?
I would just like to say the Zopa website (on the whole) is very good.  Also I am amazed how long it takes to get loans processed and how many fail!  After only 2 weeks with Zopa I have had loans which have taken 10 days to get withdrawn.  Is this because of the recent BBC article or is it normal?
Thanks for your help so far and hopefully I can sort this couple of queries out and settle back to a happy life with ZopaPosted Image

Loan still not withdrawn after 10 days!

21 June 2012 - 16:50

Hi I'm a newbiePosted Image
I have one loan which started processing on 12/6 but the borrower still hasn't withdrawn the money although it was approved AGES ago!!
How long do they get before its returned to my holding account?
Thanks