Zopa screwed?

[Platypus]

Other users get the "we're not accepting new money because too many people are lending compared to borrowing" bulletin?

Yes, I got it by email. They say that demand lags in Dec and Jan so they don't want to just leave your money sitting in a queue. Sounded reasonable.

[DimPrawn]

I have about 65k in Zopa, but a few weeks ago it took a long time for an extra 5k I added to go out. They said someone had put millions in. Probably DimPrawn

FTFY

[MarillionFan]

Not sure. I received an email recently to tell me they're going to start themselves up as a new Bank which will be interesting.

Plus they're still waiting on their ISA status which is at least six months too late. I rang them up last week to ask where it was.

I have about 65k in Zopa, but a few weeks ago it took a long time for an extra 5k I added to go out. They said someone had put millions in. Probably HMRC.

[Paddy]

They only lend up to £25,000; I presume that is for contractor payday loans.

[d000hg]

I don't think you can invest with a handful of paper money. Especially if it's covered in cow juice.

[DimPrawn]

With trillions being printed all over the globe, are you surprised they don't want your useless paper money?

[d000hg]

Other users get the "we're not accepting new money because too many people are lending compared to borrowing" bulletin?

Surely if supply outstrips demand then rates would have to fall? Or will they really keep it to first-come-first-served protected market?

The online page detailing this is behind a login so I'm not sure if it's OK to quote verbatim...