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Post by misotu on Feb 17, 2016 19:14:20 GMT
6-7% on non-Safeguard when they are talking D and E borrowers??
Wow. Good luck with that one Zopa. I'm routinely getting 6.5% on 5-year RS loans with their provision fund.
But of course they've shafted the only product left that I was (reluctantly) prepared to put money into. The best you can get with Safeguard now will be "4-5%" on a blend of loans. Knowing Zopa, that will be 4% or maybe a bit less if you are unlucky in the rates lottery.
I responded to their "research" too, the survey which they are now trumpeting loudly as user feedback to which these three products are a response. Basically no rates were mentioned in the research and their questions were repeated over and over. The only variation was the name of the product - as if that were the key factor. Astonishingly poor and pointless - and speaks volumes about their view of the target market.
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Post by misotu on Feb 10, 2016 13:30:09 GMT
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Post by misotu on Feb 10, 2016 13:28:59 GMT
Was it wrapped in caveats which change the meaning? Perhaps, perhaps not. I don't think the following sentence (which you've also taken out of context - the only way to NOT "selectively quote" what he said is to have a verbatim transcript of the ENTIRE interview) does change the meaning, just expands upon the reasons why. The fact remains that he did say what the article says he said... Actually, he very specifically spoke about lending to business. Removing all reference to business lending is unacceptable editing of quotes by the BBC, resulting in a sensational but fundamentally misleading representation of the speaker's view.
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Post by misotu on Feb 10, 2016 13:05:08 GMT
Hello Momac and Uncle Tone. Good to see Zopa on the main list We can only pray that the board does not attract a small number of highly technical long-time posters grinding their axes. That sort of thing puts new customers off you know. New customers like things *simple*.
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Post by misotu on Feb 10, 2016 13:01:15 GMT
In other words you don't really achieve anything - you can monitor individual loans but there is nothing you can do about them. True. But for those with pre-Safeguard bad debts having no information at all about the status of those debts would be unsatisfactory. There are some bad debts making regular payments - there are others that will never be cleared. It's not important post-Safeguard and wouldn't warrant development effort, but the old loanbook presented the information in a perfectly acceptable manner.
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Post by misotu on Feb 10, 2016 12:55:24 GMT
I emailed Zopa on Monday to complain that, although their email said the forum would close on Tuesday it was already closed by the time I received their email. Have had a response apologising, but unlike ZopaMat's post here, the email I received said sorry, our email should have said Tuesday and this was simple (sic) a mistake.No, Zopa, the email should have said "Monday". And should, for courtesy, have been sent some time well before closure really, otherwise the phrase "is already closed" was probably the thing to have. Unbelievable. The "Chief Marketing Officer" writes to apologise for an error. And repeats the error. Zopa comms just don't improve, do they?
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Post by misotu on Feb 8, 2016 20:25:45 GMT
My email also said Tuesday the 9th - so I popped over to the forum to post a "farewell and thanks for all the fish message" ... only to find that the thing is already defunct! So true to form, I've simply emailed Giles to express regret over the fact that Zopa comms do not improve with the passing of time. Signed off with a "somewhat heavy heart". Nothing quite like irony, is there? They must have been skipping all the way to the off switch
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