|
Surely
Mar 1, 2015 13:19:25 GMT
Post by cautious on Mar 1, 2015 13:19:25 GMT
I always keep a basic rule of 'the higher the (interest) rate the higher the risk' in mind.
To that end I assume Zopa to be less risky than RS because I assume they have stricter lending policies resulting in a lower return.....I have no proof of this; it is just my assumption.
Interestingly 4thWay rate RS lower risk than Zopa, so what do I know.
|
|
spiral
Member of DD Central
Posts: 909
Likes: 456
|
Surely
Mar 1, 2015 14:59:51 GMT
Post by spiral on Mar 1, 2015 14:59:51 GMT
I always keep a basic rule of 'the higher the (interest) rate the higher the risk' in mind. So to that end, you keep your cash savings in the accounts uncletone mentioned!
|
|
spiral
Member of DD Central
Posts: 909
Likes: 456
|
Post by spiral on Mar 1, 2015 15:02:09 GMT
Interestingly 4thWay rate RS lower risk than Zopa, so what do I know.
And they also comment to the effect that they expect the rating to improve further!
|
|
|
Post by davee39 on Mar 1, 2015 15:30:34 GMT
But to me a £10k personal loan over 5 years at 8%apr is not a good deal when you can get less than half that rate. Can you get the lower rate? Only 51% of applicants will, some of my Zopa 5yr loans are 3.2%, others are 12.2% (But not many, sadly). The actual APR for RS borrowers will also vary due to the provision fund contribution, but clearly some borrowers find it to a good deal.
|
|