Zopa’s US Launch Imminent

Received directly from Zopa via email:

   

Well, we told you we were coming! At this very minute, we are testing the service and expect to bring it to everybody within a few days. More below!

In this U.S. update:

    
  

What we will be launching is a social finance community built around the idea of help. That will bear some explaining, in due time. For now, let’s take a sneak peek at our home page, ladies and gentlemen (you saw it here first):
 
 
 

Looks familiar, right? Lots of real people taking money out and putting money in. But Zopa in the USA will be very different, too. Here are just some of the ways we’ll be different from the sites that exist today:
 

  • No risk for investors.
    Your funds will be federally insured. No more worrying about whether your borrowers will pay your loan back.
  • Pick who you want to help.
    Investors will choose exactly who they want to help.
  • Set your rate.
    Investors will choose how much they want to earn, up to a ceiling.
  • No waiting.
    Borrowers will get their loans immediately upon approval.
  • Lower your monthly payment.
    Borrowers can actually reduce their loan payments after they’ve borrowed. They’ll do that using rich profiles…

How will we do all this? By using some very cool technology and a terrific partnership with leading credit unions. More coming soon! And we do mean soon…

 

We could use some borrowers to pound on the site, take out loans, and make sure all our bells and whistles are…ringing and whistling.

If you were thinking of borrowing on Zopa, have good credit (FICO 640+), and are a U.S. resident 18 or over, drop us a line:
questions@zopa.com

Blog Traffic Exchange Related Posts
  • blog traffic exchangeProsper Referral Program -- About Time Ok I admit it.  I have whored out my blog via the Prosper referral program today. I was not paid to do so in anyway except hopefully in referrals.  I felt that this step by Prosper is exactly what the marketplace needed to grow organically and virally.  Therefore, I decide that today was......
  • blog traffic exchangeMajor Prosper Update -- Just in Time for Prosper Days  Prosper's First Anniversary First of all, let's take a moment to celebrate. On Feb 5, Prosper turned one year old. In our first year, exactly 7048 loans with a value of $35,166,711 were made on the Prosper marketplace. If you're coming from the perspective of a massive bank, $35M might......
  • New Manual Bid DetailsBig Prosper Changes -- 2nd Loans, Authenticated API, 0% on AA, 36% Max Rate, and Portfolio Plans Big changes for Prosper today in new release... Borrowers can now have second loans Authenticated API for access to extended credit and a lender's loans for lenders 0% servicing fee on AA credit In states where rates aren't capped the new maximum is 36% Portfolio Plans might be the biggest change of......
  • blog traffic exchangeMy Zopa CD is No More I received the following email... I had known it was coming: Zopa Shuts Down US Branch With all of the turbulence in the financial markets these days, we want to let you know that your Zopa CD is as safe and secure as ever. As you know, your Zopa CD......
  • Borrow up to $25K. Rates as low as 7.00%.Huge Prosper Borrower Success Story I don't normally read the stories in forum, but this one caught my eye.  It is enough to make this fiscally libertarian, environmentally green, and socially democratic prosper lender smile... OK, I don't have a lot of time, but I REALLY wanted to get this out there. First, I would......
Blog Traffic Exchange Related Websites
  • blog traffic exchangeHow To Get Your Credit Card Interest Rate Reduced The more money you pay in finance charges on your credit cards, the less you're paying towards principal.  And the less you're paying towards principal, the longer it will take you to get out of debt.  Fortunately, it's not overly difficult to get your credit card interest rates reduced, and......
  • scoreWhat Determines a Credit Score pt 1 Here is some basic information on what you need to know about credit scores and what goes into determining your credit score. What is responsible for determining my credit score? Your credit score has become a very important focal point for a variety of things. Your score is now the......
  • showerheadGo Green and Save Money with Water Saving Shower Heads Water saving shower heads are an easy change that saves water and saves you money. Not only will you use less water overall, which is good for the planet, you'll pay for less water, and you'll heat less water which will save energy and money, too. So why doesn't everyone......
  • loansThe Many Flavors of Loans Money can be lent to those in need, at a reasonable rate, from a pool of money that comes from investors and savers. When the lending institution provides money for consumers to borrow, either secured or unsecured, the practice is known as providing a consumer loan. These loans do not......
  • credit cardSolve Common Credit Card Problems With 4 Simple Solutions Many people are finding out that having a credit card is not quite as beneficial as they once believed.  With interest rates skyrocketing, credit limits being reduced, and people having trouble paying off their balances, many people are discovering that they got in over their heads with their credit cards......
Online Stores If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Uncategorized



Tags:

,


1 comment so far ↓
#1 Chrisfs on 11.29.07 at 11:13 pm

I got the Zopa email, but I didn’t quite catch their setup. They are doing 5 year loans between 8-16% for borrowers but offering 1 yr CDs to lenders that pay around 5%. That’s a big cut for Zopa and credit union partners, and not much to entice lenders to stash their money there instead of elsewhere.

Leave a Comment

aa algorithm axis azerbaijan banks benefit blog borrowers ceo Collections credit grade credit history credit information credit score curves doug fuller email friends and family good luck google income borrowers interest rate interest rates investments launch lenders lending institutions liquidity loans marketplace money mozambique peer to peer lending portfolio plan private data promissory notes quiet period registration statement risk securities and exchange securities and exchange commission spreadsheets sql student loans Zopa