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Anyone use Zopa? I've just finished going through my credit check, got my direct debit sorted and I am about to transfer some funds?
Any CUK poster have any experience of this and willing to lend a helping hand?
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No, but let us know how it works out .....
I believe it is something like 8% average after peeps who default? Not a bad rate!
One way to really make money is through legalised theft. Set up the next wonga (4214%), lending stream (3712% or around there) or quickquid (1718% or so) ....

So I believe 8% minus bad debt of 1.5-2% depending on how it falls.
I have heard of someone who reckoned they had £200k in Zopa and was returning 8% with no bad debt, but frankly I think that's a Jimmy Hill recon type story, so I'd thought I'd try it myself considering I've had a Zopa account since 2005 but never actually bothered to use it.
Going to start with £500.![]()

Just think, this time next month you could have £40 in your pocket to spend on any old thing ya like![]()

Big trees from small acorns. MF has very small acorns his wife tells me.![]()
Just think, this time next YEAR you could have £40 in your pocket to spend on any old thing ya like![]()