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Post by erniec on Sept 6, 2018 9:31:18 GMT
With only one loan yesterday and none today, it appears that Zopa isn’t doing much lending at the moment.
Anyone else noticed the same?
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Post by wyndstryke on Sept 6, 2018 10:33:40 GMT
With only one loan yesterday and none today, it appears that Zopa isn’t doing much lending at the moment. Anyone else noticed the same? 18 yesterday and 3 this morning (ISA core) ... what market are you in? Remember that the start of the month has a surplus of money (from the older loans which all fall due on the 1st).
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Post by erniec on Sept 6, 2018 11:33:48 GMT
All in ISA Plus. I guess it may be down to few D and E borrowers at the moment.
Just had first loan for today.
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benaj
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Post by benaj on Sept 6, 2018 12:58:08 GMT
According to the weekly update, they lent out 71.9M in the last 4 weeks, matching time is 1 day. Zopa is having the largest market share in p2p lending. However, I always wonder how they do it, borrowers do shop around. If I google "I need a loan", zopa is not in the top search, and they have no high street branches yet. Amazing. |
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dandy
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Post by dandy on Sept 6, 2018 13:08:05 GMT
According to the weekly update, they lent out 71.9M in the last 4 weeks, matching time is 1 day. Zopa is having the largest market share in p2p lending. However, I always wonder how they do it, borrowers do shop around. If I google "I need a loan", zopa is not in the top search, and they have no high street branches yet. Amazing. I think much of it is through third party relationships for example car dealers and other consumer products where customers can finance their purchase via Zopa
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benaj
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Post by benaj on Sept 6, 2018 13:13:06 GMT
According to the weekly update, they lent out 71.9M in the last 4 weeks, matching time is 1 day. Zopa is having the largest market share in p2p lending. However, I always wonder how they do it, borrowers do shop around. If I google "I need a loan", zopa is not in the top search, and they have no high street branches yet. Amazing. I think much of it is through third party relationships for example car dealers and other consumer products where customers can finance their purchase via Zopa well, just looking my loanbook with all the defaults, as I have sold out all my active loans, most of them are debt consolidation, then car. but only 4 defaults for car loans. 1 expensive wedding expenses, and even a boat.
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Post by wyndstryke on Sept 6, 2018 14:04:41 GMT
All in ISA Plus. I guess it may be down to few D and E borrowers at the moment. Perhaps they're being extra-cautious about plus, given that they burned their(*) fingers on Z+ a few months ago. I've been sticking to Core since then. Reduced lending speed on Z+ versus Core is probably a good thing. (*) our
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Post by newlender on Sept 6, 2018 14:53:31 GMT
I have 3200 loans - 10 are E and 31 are D. So I think it's true that Zopa are being ultra-careful about who they lend to at the lower end. Only one Default and one Collections out of the 41 loans too.
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aju
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Post by aju on Sept 6, 2018 19:17:07 GMT
According to the weekly update, they lent out 71.9M in the last 4 weeks, matching time is 1 day. Zopa is having the largest market share in p2p lending. However, I always wonder how they do it, borrowers do shop around. If I google "I need a loan", zopa is not in the top search, and they have no high street branches yet. Amazing. That's all very well but last week to the 2/9 was the lowest weeks lending since Dec 2017 @ £12.3M. [edit 23:55] I checked both mine and Mrs Auj's lending and it would seem that there was no new lending in my Invest side, Mrs Aju is moving Invest returns to ISA anyway. In our ISA lending I made 10 loans and Mrs Aju made 7, all were £10 or less. Yesterday was a similar days lending. There does seem to be a build up in the matching to borrowers sections of Aju. of both of our ISA's.
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