ashtondav
Member of DD Central
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Post by ashtondav on Sept 14, 2018 16:39:38 GMT
I’ve been with big Z since 2005. But to be honest, although their size is a comfort, I can’t see why I wouldn’t go for RS at 6% with a provision fund.
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benaj
Member of DD Central
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Post by benaj on Sept 14, 2018 16:47:19 GMT
Increase is great for Zopa fans who have new money for their new rates, it is kinda pointless when reinvestment is already turned off.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Sept 14, 2018 16:53:36 GMT
Increase is great for Zopa fans who have new money for their new rates, it is kinda pointless when reinvestment is already turned off. Turn it back on? 
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zlb
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Post by zlb on Sept 14, 2018 20:17:10 GMT
It's a long time since I pretended to be a borrower on Z to see what their rates are. Has anyone done this recently and seen a difference there?
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ashtondav
Member of DD Central
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Post by ashtondav on Sept 15, 2018 8:37:35 GMT
Increase is great for Zopa fans who have new money for their new rates, it is kinda pointless when reinvestment is already turned off.Err, of course. You do have to lend to get the new rates.
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Post by p2psavvy on Sept 15, 2018 12:53:15 GMT
Targets seem pretty meaningless to me. I entered the Plus market when the target was 6.4%. To date, after 7.6% of borrowers defaulting, I am showing 3.91%. Seven of the last 12 months have been losses.
Zopa are telling me my expected rate is 5.1%. I can only see this happening if they manage to get a large number of the 95 defaulters to pay up. With £850+ of defaults and recoveries of just £26 over the past 16 months, I am not getting too excited!
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Post by point5clue on Sept 15, 2018 16:13:24 GMT
I'm getting pretty much the target rate (just coming up to the anniversary of taking out a plus ISA and have about 5 percent more than I started - given I dripped it in over Sept to Nov its probably a shade over 5)
I've got a fair bit in, and I suspect that means I'm much more likely to get the 'average'. I also suspect that there are people getting above the target rate, and who are not posting about it ?
Thing is I'd much rather have the provision fund back and know that I'd always be average.
I've put £1000 into ratesetter with the £100 bonus (purely to help out the Monevator you understand?), and would put any additional cash I intended to P2P in there at the moment - not because I don't like Zopa, but just for diversification.
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ashtondav
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Post by ashtondav on Sept 15, 2018 17:11:47 GMT
Agreed. Been with Zopa 13 years and always got the expected return. At one time I had £70,000 invested but now down to £30k with the balance in RS, FC and LW. With no safety net (provision fund) rates are just too low on big Z, so withdrawing repayments.
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upland
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Post by upland on Sept 16, 2018 5:28:46 GMT
I dont understand why they cannot do better , i have had a (smallish) presence with them for many years and like their gravitas but not their return rate. Could things change ?
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