News from Another Crowd

Zopa Doesn't Have A Problem

Peer-to-peer lending works for many people.

Zopa has a crowd of good customers and new borrowers have lenders queueing up to offer funds. An article in Alt-Fi News suggests Zopa has a problem. We don't agree. 

Zopa has told the market repeatedly that it has no intention of compromise on its credit checking It would rather close its doors to new lenders than push it out to borrowers who have a higher risk of defaulting on their repayments.