- Jasmine: People who were told to think about their own mortality were more receptive to the idea of having cosmetic surgery than those who weren't (11th Jun 2013 - 18:05)
- Jasmine: @mcrcommuter Good point - it usually gets passed on to us (11th Jun 2013 - 17:49)
- Jasmine: @ajmajid Yes. I don't understand young people taking up smoking - makes no sense! (11th Jun 2013 - 17:48)
- Jasmine: effects of passive smoking on children costs the NHS £23m a year by causing 300,000 GP visits and 9,500 hospital admissions. (11th Jun 2013 - 17:41)
- Jasmine: RT @EdConwaySky: The financial nitroglycerine buried under the Bank of England. Quick blog: http://t.co/P18zbR4KtQ (11th Jun 2013 - 15:50)
- Jasmine: @pinkiejones Actually yes, they probably are! (11th Jun 2013 - 15:00)
- Jasmine: @iansearle lol! (11th Jun 2013 - 15:00)
- Jasmine: @photostrada Sadly, yes! (11th Jun 2013 - 13:28)
- Jasmine: @will_becker True! (11th Jun 2013 - 13:27)
- Jasmine: @pensionschamp Interesting! (11th Jun 2013 - 12:29)
- Jasmine: @neiljamesh Certainly looks like it± (11th Jun 2013 - 12:28)
- Jasmine: @emmalporter Yes, prob too expensive too (11th Jun 2013 - 12:27)
- Jasmine: 10% of secondary pupils think tomatoes grow underground (11th Jun 2013 - 12:27)
- Jasmine: 29% of primary school pupils think cheese comes from plants; 1 in 5 think main ingredient in fish fingers is chicken; (11th Jun 2013 - 12:27)
- Jasmine: @pensionschamp I wonder! (11th Jun 2013 - 11:57)
- Jasmine: @pensionschamp Good point! I'm slipping - yes, ultimately it will cost us! (11th Jun 2013 - 11:56)
- Jasmine: Not one office in the Shard is being rented; its only occupants are a restaurant and a viewing gallery (72 storeys empty) (11th Jun 2013 - 11:55)
- Jasmine: RT @liamdutton: A wet few days lie ahead as areas of low pressure form an orderly queue to the SW of the UK - http://t.co/iTGWklTamm (11th Jun 2013 - 11:55)
- Jasmine: Around 50 per cent of all whiplash claims arising from car crashes are fraudulent - costs the industry £1 billion a year (11th Jun 2013 - 11:50)
- Jasmine: RT @scaryduck: Vladimir Putin's getting a divorce. I think that's all his midlife crisis boxes ticked http://t.co/0tUQUpMRzF (7th Jun 2013 - 08:35)
Why I save with Zopa
June 5, 2009
On LBC last night one of the things we talked about was alternative ways to borrow and I mentioned Zopa.com as a useful alternative if you need a loan.
I also mentioned that I am a ‘Zopa Lender’ and very happy with the service. Being a Zopa Lender really means that you’re using Zopa as a way of saving/investing your money. You put money in, choose the type of person you want to lend your money to, choose the rate that you would like to lend at (in other words, the rate of interest you would like to make on your money) and wait for your cash to be lent out in lots of £10 to relevant borrowers.
I’ve just put some extra cash in (you’re allowed to put in up to £25,000 altogether) and I’ve decided that I will lend to the ‘Y’ category (i.e. young people) and I’ll make sure I get a good interest rate for it. The money I’ve put in is cash I’m happy to tie up for five years or so, so that will make it easier to get a good rate.
Of course, there are risks involved. The people your money is lent out to could default particularly if, like me, you’re planning on lending to the riskier borrowers. However, as you only ever lend £10 to any one borrower that’s not exactly a major risk. I’ve had money in Zopa for a three years or so now and only one person has defaulted so far. The money I have loaned out is at different rates from 4.1% to 11.3%.
If you’re willing to tie your money up for at least a couple of years and you would like to get better interest than even the current best in the market (ICICI fixed rate account at 4.35%) then you should definitely become a Zopa Lender like me.