Zopa

I'm pretty new to Zopa, having only joined in October 2009. I found the site while I was looking through the Earn Extra Income forum on MoneySavingExpert.com. Basically put, it's a way for people like me to lend to other people like me. What happens is that you put money into your Zopa lending account. You then set up what demographic markets you want to lend to, at what rate and how much per loan you're prepared to commit. The Zopa system tells you your approximate % return and the likelihood of your offering being accepted (to stop people ramping the rates too high). You can lend any quantity you want (in multiples of £10) but Zopa ...  Read the complete review

ZOPA - full name Zone of personal agreement is a website which competes with the banks in lending out money to people in need. However ZOPA is a much safer way of doing this. The site has been running since 2006 and all the glitches have been worked out now. BORROWING I havent personally attempted to borrow but I can imagine that it is pretty difficult to be eligable to borrow money. There are 5 different categories which people fit into based on their credit rating, affordability and stability. These are A*, A, B, C and Young (age 20-25). This may appear as if C has a low credit rating however people in C actually have a higher credit rating ...  Read the complete review

Apparently, inflation is zero. Unfortunately this news doesn't seem to have percolated through to my house insurers, and neither will it, when the time comes for my car insurance to plop onto my mat. Coupled with savings, even those in tax-free Cash ISAS earning 'damn-all', the pressure on income is clearly downwards whilst the prospect of zero inflation would appear to be only in the heads of those that calculate it. It was just a couple of months ago, whilst reviewing what my various savings were earning that I hunted around for something a bit more 'interesting' (pun intended for once) in which to invest further savings. Note that; 'further ...  Read the complete review