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Zopa gains over 200,000 members

Online lending exchange Zopa now has over 200,000 members and has achieved £23m in lending over the last three years.

Since its launch, Zopa lenders have received an average return of 7.3 per cent and over the last three months a return of 8.9 per cent.

Zopa says its default rate has remained extremely low at 0.02 per cent.

Co-founder and UK managing director Giles Andrews says: “Reaching the 200,000 mark is very satisfying, but given the difficulty so many people in this country are facing when trying to secure a loan at a competitive rate, we know the number could be much, much bigger.

“As more people get to know about Zopa and the excellent deals that are available by borrowing from other people rather than the banks, we know the number will climb higher and higher.”

Zopa has also launched in the USA and Italy, with plans to go live in Japan in the near future.


Flat season

I refer to the bit where I talk about the TV-buying public genuflecting at the altar of society’s new god, retail, where it seems people simply expect to have certain consumer goods, whether or not they can afford them or need them. (I have seen some flat-screen TVs set up halfway across a living room with more than enough room behind them for a good old-fashioned cathode ray tube.)

Value added

Within the June 2007 RDR vision, we were exhorted to learn from the past. I therefore find it instructive to recall what did go on in the 1980s.

Market dips into bear territory

The UK officially dipped into a bear market this week after the FTSE 100 index declined by more than 20 per cent since its peak last autumn.

FSA alerts firms on boiler rooms

The FSA and Institute of Chartered Secretaries and Administrators Registrars Group have urged UKlisted companies to send warnings about boiler room operations to shareholders.

Life begins at…

By Fiona Holmes, proposition communications manager Having reached a certain age (it’s the new 40 by the way), I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think. That’s the problem with 30 being the new 20 and 40 […]


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