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ZOPA Loan query

£0.00 @ Zopa
Just looking into getting a Zopa loan and wondered if anyone has experience of using them. Basically I just want to know what info is needed when you do the final application so I can be prepared, al… Read More
markluk Avatar
6m, 2w agoPosted 6 months, 2 weeks ago
Just looking into getting a Zopa loan and wondered if anyone has experience of using them.
Basically I just want to know what info is needed when you do the final application so I can be prepared, also I wondered if many people had issues with being declined at the second stage? Finally are the 2 days for approval and 3 further days for receipt of the money they claimn true? TIA
Other Links From Zopa:
markluk Avatar
6m, 2w agoPosted 6 months, 2 weeks ago
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(14) Jump to unreadPost an answer
Responses/page:
#1
I've got a loan with them, don't remember there being many issues at the final application - I had a phone call, went through what I wanted the cash for, confirmed salary and monthly repayments and that was about all... Couple of days to receive the cash, but can't be sure on specifics.
#2
Have you tried getting a 0% credit card? There are so many offering 0% for 36-48 months now meaning that provided you keep up with the minimum payments you won't have to pay interest.
#3
fearghalg
Have you tried getting a 0% credit card? There are so many offering 0% for 36-48 months now meaning that provided you keep up with the minimum payments you won't have to pay interest.
Sadly I doubt I will get a 0% card as I have credits cards with balances on, I am looking to use some of the Zopa loan to clear those along with a car purchase.

Edited By: markluk on Jan 05, 2017 08:46
#4
Try Virgin money transfer card 0.63% p.a. 32 months
Or try barclaycard 24 months free money transfer
I have got balance on 3 credit cards including Virgin and been approved for barclaycard to
What 9.9% apr
Try hitachi personal finance 3.2% apr


Edited By: Quklux on Jan 05, 2017 09:00: Any
#5
I got one with no issues and didn't receive a phone call or anything. Money was transferred with 3 days once I'd been approved
#6
Quklux
Try Virgin money transfer card 0.63% p.a.
Or try barclaycard 24 months free money transfer
I have got balance on 3 credit cards including Virgin and been approved for barclaycard to
I will be looking to pay back over 3 years so a credit card wouldn't really work....thanks for the idea tho :)
#7
karene28
I got one with no issues and didn't receive a phone call or anything. Money was transferred with 3 days once I'd been approved
Can I ask if you have a good credit score - I have an improving one that is hopefully good enough but I think you only really get one shot at applying for a loan these days if you haven't got a good credit score.
#8
markluk
Quklux
Try Virgin money transfer card 0.63% p.a.
Or try barclaycard 24 months free money transfer
I have got balance on 3 credit cards including Virgin and been approved for barclaycard to
I will be looking to pay back over 3 years so a credit card wouldn't really work....thanks for the idea tho :)
Virgin is 32 months with 0.63% a year
You can always take another credit card after 2 years with no fee money transfer and again after
#9
I took a £3000 loan last month with them, i choose over 4 years so it was a low monthly amount as I knew you were allowed to pay extra of through your account with no extra charges.
it all went really smooth I got approved the next day and I think it was 2 days after that they paid the money.
So yeah they seem pretty good so far
#10
stefromuk
I took a £3000 loan last month with them, i choose over 4 years so it was a low monthly amount as I knew you were allowed to pay extra of through your account with no extra charges.
it all went really smooth I got approved the next day and I think it was 2 days after that they paid the money.
So yeah they seem pretty good so far
Thanks. I am looking a borrow more than that but you have given me a thought of paying it back over a longer period and pay it off early :)
#11
markluk
karene28
I got one with no issues and didn't receive a phone call or anything. Money was transferred with 3 days once I'd been approved
Can I ask if you have a good credit score - I have an improving one that is hopefully good enough but I think you only really get one shot at applying for a loan these days if you haven't got a good credit score.


No.. unfortunately mine isn't great due to ex-partner and I'd been turned down by my bank but didn't have any issues with Zopa..
#12
karene28
markluk
karene28
I got one with no issues and didn't receive a phone call or anything. Money was transferred with 3 days once I'd been approved
Can I ask if you have a good credit score - I have an improving one that is hopefully good enough but I think you only really get one shot at applying for a loan these days if you haven't got a good credit score.
No.. unfortunately mine isn't great due to ex-partner and I'd been turned down by my bank but didn't have any issues with Zopa..

Thanks for the reply.....hopefully I will be ok then wikth Zopa.....sites are indicating I have 80 or 90% chance when they do a soft search
#13
markluk
karene28
markluk
karene28
I got one with no issues and didn't receive a phone call or anything. Money was transferred with 3 days once I'd been approved
Can I ask if you have a good credit score - I have an improving one that is hopefully good enough but I think you only really get one shot at applying for a loan these days if you haven't got a good credit score.
No.. unfortunately mine isn't great due to ex-partner and I'd been turned down by my bank but didn't have any issues with Zopa..
Thanks for the reply.....hopefully I will be ok then wikth Zopa.....sites are indicating I have 80 or 90% chance when they do a soft search
Create a free account with Noodle you will get a accurate reading then
#14
stefromuk
markluk
karene28
markluk
karene28
I got one with no issues and didn't receive a phone call or anything. Money was transferred with 3 days once I'd been approved
Can I ask if you have a good credit score - I have an improving one that is hopefully good enough but I think you only really get one shot at applying for a loan these days if you haven't got a good credit score.
No.. unfortunately mine isn't great due to ex-partner and I'd been turned down by my bank but didn't have any issues with Zopa..
Thanks for the reply.....hopefully I will be ok then wikth Zopa.....sites are indicating I have 80 or 90% chance when they do a soft search
Create a free account with Noodle you will get a accurate reading then

Thanks, I have Noodle, Clearscore and credit club / experian accounts to keep an eye on things.....I am improving now after previous issues :)

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