Get loans from people not banks!
1 Comments Published by ITSGUI Man on Wednesday, January 21, 2009 at 11:52 AM.
We are all experiencing sailing on 'uncharted fiscal waters' at the moment with less and less trust in the banking system. Regardless of how much the government throws at it, the level of untrust is high as people are reluctant to save and ultimately do business with these institutions.
Looking for somewhere to put your money is a hard decision to make, so after a recent web and blog trawl I came across Zopa, a place where people meet to borrow money and also lend it. Zopa says "It's a smarter, fairer and altogether more human way of managing your money, where both borrowers and lenders get better rates". I am continuing to do some research on it and via it's community blog see what other people think. From what I've seen so far I'm impressed, so go and take a look, maybe it's for you too!
Looking for somewhere to put your money is a hard decision to make, so after a recent web and blog trawl I came across Zopa, a place where people meet to borrow money and also lend it. Zopa says "It's a smarter, fairer and altogether more human way of managing your money, where both borrowers and lenders get better rates". I am continuing to do some research on it and via it's community blog see what other people think. From what I've seen so far I'm impressed, so go and take a look, maybe it's for you too!
Zopa has been around for several years now, but in uncharted fiscal times would you really want to entrust your money to an organisation that does not fall under the jurisdiction of the FSA. Even if the banks seem untrustworthy at least there are some government guarantees with the FSA.