Comments on: Zopa - the eBay for Money. http://www.pokersharks.co.uk/blog2/2006/11/24/zopa-the-ebay-for-money/ Bridging the gap between online gambling and online gaming Wed, 07 Jan 2009 09:12:25 +0000 http://wordpress.org/?v=2.5 By: Lynx http://www.pokersharks.co.uk/blog2/2006/11/24/zopa-the-ebay-for-money/#comment-17 Lynx Tue, 28 Nov 2006 19:04:13 +0000 http://www.pokersharks.co.uk/blog2/?p=17#comment-17 Hi Dave, glad you liked the article and goodluck with the site.  I'm pleased that Egg isn't behind all this and it's a geniune startup - great idea, I wish i'd have thought of it.  I could well be using you're services in the near future. Hi Dave, glad you liked the article and goodluck with the site.  I’m pleased that Egg isn’t behind all this and it’s a geniune startup - great idea, I wish i’d have thought of it.  I could well be using you’re services in the near future.

]]> By: Dave Nicholson http://www.pokersharks.co.uk/blog2/2006/11/24/zopa-the-ebay-for-money/#comment-16 Dave Nicholson Tue, 28 Nov 2006 12:52:41 +0000 http://www.pokersharks.co.uk/blog2/?p=17#comment-16 Hi, Dave from Zopa here, Thanks for the great piece - and to put your mind at rest, Egg has nothing to do with us at all - just that many of us moved from there! On rates - well, we have the cheapest borrowing in the UK for our very lowest risk borrowers (about 4.9% APR over 3 years), and rates up to around 11% for risker ones. Lenders on average (after the Zopa fee and actual bad debt to date) are seeing returns around 6.75% - so it looks like it's working for both sides of the deal. The other thing that people always ask about is safety - well, after 18 months, we've only had one default - and we do everything that banks do in the way of credit, ID and fraud checks before sending any money to a borrower. I'd encourage your readers to come along and give us a try - you can lend from as little as £10, or borrow up to £15K. Any questions - drop me a line, Cheers Dave Hi, Dave from Zopa here,

Thanks for the great piece - and to put your mind at rest, Egg has nothing to do with us at all - just that many of us moved from there!

On rates - well, we have the cheapest borrowing in the UK for our very lowest risk borrowers (about 4.9% APR over 3 years), and rates up to around 11% for risker ones. Lenders on average (after the Zopa fee and actual bad debt to date) are seeing returns around 6.75% - so it looks like it’s working for both sides of the deal.

The other thing that people always ask about is safety - well, after 18 months, we’ve only had one default - and we do everything that banks do in the way of credit, ID and fraud checks before sending any money to a borrower.

I’d encourage your readers to come along and give us a try - you can lend from as little as £10, or borrow up to £15K.

Any questions - drop me a line,

Cheers

Dave

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