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Post by bodroll on May 10, 2016 10:24:51 GMT
I am new to Zopa, but I notice that my loan book includes some 5 year loans at 3.8% and C1 market risk borrowers. These are not necessarily as I would have chosen. Am I able to set preferred loan book profiles to reflect my chosen borrower risk status and loan terms? e.g. I may wish to loan for no more than 3 years and to any borrowers 'better than' C1. If anyone could help, I would be grateful.
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Post by propman on May 10, 2016 12:58:28 GMT
aware, the only choices are between the 3 products or not invest. The idea is that you diversify to reduce exposure to higher risk borrowers and the impact of any specific defaults, while you get a range of loan durations and rates, the average of which shouldn't be too far from the published average if you invest in a significant portfolio. But no-one is allowed to cherry pick. The SG Fund also gives security against defaults if they perform as anticipated (previously conservative) for Classic or Access products, while D & E loans will only go to those choosing the unsafeguarded Zopaplus Product. Greater choice went some time ago.
- PM
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Post by GSV3MIaC on May 10, 2016 13:44:03 GMT
If you want to pick a loan duration Ratesetter is over -> that way. However right now 3 year there offers a fairly poor rate, and you still can't pick who (or even what risk band) to lend to. If you want to get to 'pick your own' (with higher risks, but higher headline interest rates) look at ABL, FC, SS, MT or AC (or some others, those are just the ones that make my cut) (most of that NOT being consumer lending though, and some of those being completely safety-net-free). Zopa does (did, last time I looked) at least have a fairly relaxed 'sell out' facility, if you really want out after 3 years and your loan book runs longer.
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Post by bodroll on May 10, 2016 14:09:18 GMT
Thank you for clarifying and confirming my unsure beliefs. The points raised are valid and I don't have a problem with the way Zopa operates, I just needed the assurance that I haven't missed something useful. I will continue to invest with Zopa, along with other P2p platforms, and thank you for making it a little easier to understand.
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