Savers wanting to earn a good rate of interest while avoiding high street banks now have an alternative option. Zopa matches up people who have spare cash to lend with those who want to borrow money. John Hudson, professor of economics at Bath University, hailed Zopa as “a new way of borrowing and lending money”. Zopa “shows what [...]

More: Zopa offers an alternative for high-risk borrowers

Zopa is indeed a very good company.

It's quite a clever idea because the lenders are spreading the risk. You can get a good return on your money if you lend to higher risk customers.