zlb
Member of DD Central
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Post by zlb on Nov 18, 2018 23:06:40 GMT
Does anyone know whether Z lends to only UK, EU etc? And whether brexit will have implications on management of defaults? I'm asking here as if I email them, it will take ages and three attempts to get the get an answer to my question. Is this a nonsense question, before I do contact them?
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Post by erniec on Nov 19, 2018 9:25:19 GMT
From Zopa FAQs:
Who can get a Zopa loan?
Thank you for having a look at Zopa.
As a responsible lender, we take several things into account to help us decide if we can offer you a loan. Here are the main criteria.
You'll need to…
tell us who you are
be at least 20 years old
be a UK resident with at least 3 years of address history
be employed, self-employed or retired with a pension
have an income of at least £12,000 per year (before tax)
have a credit history that we can see, and a good track record of repaying debt, e.g. utility bills, credit cards
be able to afford the loan (in relation to your income and outgoings)
It takes just 3 minutes to find out if you're eligible and see your personalised rates. Don't worry, this won't affect your credit score.
Please keep in mind, we can't offer joint applications or guarantor loans.
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Post by newlender on Nov 19, 2018 10:07:47 GMT
Presumably there are some EU nationals who have been resident here for >3 years (my wife's Spanish Pilates teacher, for example) and so qualify for a loan. If some of them decide to go home after Brexit it would be more difficult to chase any defaulters.
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aju
Member of DD Central
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Post by aju on Nov 19, 2018 23:20:36 GMT
From Zopa FAQs: Who can get a Zopa loan? Thank you for having a look at Zopa. As a responsible lender, we take several things into account to help us decide if we can offer you a loan. Here are the main criteria. You'll need to… tell us who you are be at least 20 years old be a UK resident with at least 3 years of address history be employed, self-employed or retired with a pension have an income of at least £12,000 per year (before tax) have a credit history that we can see, and a good track record of repaying debt, e.g. utility bills, credit cards be able to afford the loan (in relation to your income and outgoings) It takes just 3 minutes to find out if you're eligible and see your personalised rates. Don't worry, this won't affect your credit score. Please keep in mind, we can't offer joint applications or guarantor loans. I pass all those criteria, have done for the best part of 11 years since I retired, but still was never able to get a Zopa loan!. (I didn't want/need one of course and they still seem to think I want to know about the failures in the dashboard).
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zlb
Member of DD Central
Posts: 1,413
Likes: 331
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Post by zlb on Nov 20, 2018 21:05:33 GMT
Presumably there are some EU nationals who have been resident here for >3 years (my wife's Spanish Pilates teacher, for example) and so qualify for a loan. If some of them decide to go home after Brexit it would be more difficult to chase any defaulters. it's this sort of qualification I was thinking of. What do they mean by 'resident'? So, resident can mean what a company says, and not to be confused with citizen/right to remain/nationality status.
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