“It’s human; your money helps real people, rather than banks ”

In a nutshell, it’s a smart way to get a return on your
savings or investments, but do read on…

To begin with ZOPA stands for Zone Of Possible Agreement – this is a business term used to describe a productive and mutually acceptable negotiation overlap between two parties – where the lender sells at a rate he or she is prepared to sell at and the borrower buys at a rate he or she is prepared to buy at.

Zopa works by cutting out the banks so both lenders and borrowers get a better, fairer deal. As an online marketplace, people meet to lend and borrow money. Zopa has often been described as the eBay for money – where lenders lend money, borrowers borrow money at affordable rates.

The rates on loans are highly competitive and there are no sneaky fees or penalties if you want to repay early. Plus, you get that warm feeling inside, knowing that your repayments are helping real people rather than the fat cats.

“It’s safe; all the safety measures banks use… plus a few more. All borrowers are identity-checked, credit-scored and risk-assessed, your money is spread across at least 50 borrowers when you lend 500 pounds or more”

If you have spare cash and would like to invest why not try lending at Zopa? where you can make a healthy return. All borrowers are credit-scored and risk assessments are carried out, just like the banks. You can lend each borrower as little as 10 pounds to minimise risk and all payments are collected on your behalf. To join and for more details click the URL below :

http://www.zopa.com/member/themaverick