oldgrumpy
Member of DD Central
Posts: 5,087 
Likes: 3,233
|
Post by oldgrumpy on Jul 23, 2014 17:04:10 GMT
e-mail just arrived... For a limited time only we're offering you 1% cashback - on top of our incredible rates.....
Well, aaahh slappa ma thigh.........
INCREDIBLE 
edit: Thinks....I wonder if I can sell some of that 18% Bolton deal ..... Naaahh!
|
|
mikes1531
Member of DD Central
Posts: 6,452
Likes: 2,320
|
Post by mikes1531 on Jul 24, 2014 11:07:04 GMT
e-mail just arrived... For a limited time only we're offering you 1% cashback - on top of our incredible rates.....
Might Zopa be doing a selective offer? I didn't receive an email like that.  All I've received recently is my weekly report telling me that the money in my holding account "has fallen asleep", and an email notifying me that there was "important information about your Zopa lending" waiting for me online. And if anybody on the Zopa forum received such an email they haven't mentioned it there.
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Jul 24, 2014 11:11:42 GMT
e-mail just arrived... For a limited time only we're offering you 1% cashback - on top of our incredible rates.....
Might Zopa be doing a selective offer? I didn't receive an email like that. All I've received recently is my weekly report telling me that the money in my holding account "has fallen asleep", and an email notifying me that there was "important information about your Zopa lending" waiting for me online. And if anybody on the Zopa forum received such an email they haven't mentioned it there. Could well be. I have been withdrawing repayments (and investing nothing) weekly since last September (before RP) when I was being given rates averaging around 4.3% on the five year. Z want me to put in £2000+ before 31 July, and will do a 1% cashback when it is all lent out. Clearly Zopa wants to convince (brainwash) me that their rates are already incredible. Maybe I should mail them back and ask them to clarify what they mean by "incredible rates". reminds me of Ing Bank a few years back when they lowered their rates to rock bottom yet their website still described "great rates". Maybe they want me to stay out of RS, but haven't noticed we have been getting 6.2-6.3% for a while, with a short peak higher and a probable 6.4% today.
|
|
|
|
Post by phlitb on Jul 24, 2014 11:53:07 GMT
I also received the cashback offer and have also been withdrawing funds on a regular basis. So perhaps the offer is selective
|
|
bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
|
Post by bigfoot12 on Jul 24, 2014 12:29:22 GMT
I have been withdrawing money since December, but I haven't received such an email.
|
|
markr
Member of DD Central
Posts: 766
Likes: 426
|
Post by markr on Jul 24, 2014 12:44:56 GMT
I was withdrawing money up to a few months ago, but did get the email.
It is almost certainly selective, from the Ts&Cs (my bold):
These Terms and Conditions govern the Zopa Cashback promotion (“Offer”). This Offer applies to Lenders (excluding Lending Businesses) who are emailed by Zopa and are registered with Zopa as at 23.59 on 22 July 2014 and from whom £2,000 or more of new money is received into the Zopa Members Lending Account between 00:00 on 23 July 2014 and 23:59 on 31 July 2014 ("Offer Period").
|
|
|
|
Post by rudry2677 on Jul 24, 2014 15:18:37 GMT
e-mail just arrived... For a limited time only we're offering you 1% cashback - on top of our incredible rates.....
Well, aaahh slappa ma thigh.........
INCREDIBLE
edit: Thinks....I wonder if I can sell some of that 18% Bolton deal ..... Naaahh!
I haven't had the email but I don't spend all my pocket money on bananas.
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Jul 24, 2014 18:34:30 GMT
I haven't had the email but I don't spend all my pocket money on bananas.
Pocket money is what I have left after purchasing my supplies. I also recommend Yorkshire rhubarb, Bramley apples and Cox's Orange Pippins! Luv a good pie, me! 
|
|
|
|
Post by davee39 on Jul 24, 2014 20:19:28 GMT
Zopa are struggling, When RS last broke its weekly lending record with £6m lent, Zopa only managed £4.8m. I have kept Zopa as diversification, and once thought it stronger than RS. I am now in rundown. Zopa needs growth before it burns through its latest cashpile, and they urgently need some fresh ideas.
As to the Emails, I got one about £100 for sharing with a friend. Not if I wanted to keep the friendship.
|
|
mikes1531
Member of DD Central
Posts: 6,452
Likes: 2,320
|
Post by mikes1531 on Jul 24, 2014 21:07:12 GMT
As to the Emails, I got one about £100 for sharing with a friend. Not if I wanted to keep the friendship. You could always encourage your friends to sign up, lend £2k, pocket their £50 and RR out. They'd probably end up with a reasonable return on their investment -- and you'd be laughing.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,870
Likes: 11,097
|
Post by ilmoro on Jul 24, 2014 22:29:31 GMT
Ive been pulling money out and got the cashback email. Straight into trash.
Zopa rates are incredible when you compare them against the lack of credible rates from banks. Against other P2P not so much but then Zopa have always generally marketed themselves a direct competitor to the banks. Their rates track against the banks offerings. Unfortunately P2P has evolved - no more second hand motors now its jumbo jets - and theyre just not competitive.
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Jul 24, 2014 22:48:34 GMT
I was thinking of stopping withdrawing, putting in a decent sum for the 1%, then going back into withdrawal in a few weeks once the sum is invested.
Don't like to do it really, Zopa got me in to p2p in 2007?ish, very few defaults. Anyway RS won't have me for UKIP type reasons (meaning I'm tax resident in France which renders me persona non grata sadly)
|
|
spockie
Member of DD Central
Posts: 299 
Likes: 84
|
Post by spockie on Jul 26, 2014 9:57:48 GMT
I got the email too, and am another who has virtually nothing left in Zopa. They were my first venture into P2P too, back in about 2006, but I don't feel as nostalgic. I have suffered quite a few defaults with them and certainly shan't be pulling any money out of AC, SS and such like to put into Zopa. Incredible indeed!
|
|
c88dnf
Member of DD Central
Posts: 364
Likes: 266
|
Post by c88dnf on Jul 28, 2014 9:43:01 GMT
I got the email too, and am another who has virtually nothing left in Zopa. They were my first venture into P2P too, back in about 2006, but I don't feel as nostalgic. I have suffered quite a few defaults with them and certainly shan't be pulling any money out of AC, SS and such like to put into Zopa. Incredible indeed! Agree totally. A month ago I "rapid returned" the remaining money I had in Zopa having calculated that I was likely to lose less money doing that than leaving it in Zopa and suffering my average rate of defaults (obviously this is pre "Safeguard" money). Zopa's long-term health as a business must be in question. You really can't go on being outsold by competitors who are offering more to lenders and remain a good prospect for shareholders. Sooner or later they'll get fed up and want their money back.
|
|
mikes1531
Member of DD Central
Posts: 6,452
Likes: 2,320
|
Post by mikes1531 on Jul 28, 2014 12:02:17 GMT
Zopa's long-term health as a business must be in question. You really can't go on being outsold by competitors who are offering more to lenders and remain a good prospect for shareholders. Sooner or later they'll get fed up and want their money back. They may want their money back but, if they're shareholders, the only way they can achieve that is to find someone to buy their shares. For start-ups -- which Zopa still are, despite being in their tenth year -- that normally requires an IPO, and those usually aren't successful unless the business is felt to have good prospects. I don't expect a Zopa IPO any time soon, but that's JMHO.
|
|
