Groups

    ZOPA Loan query

    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

    14 Comments

    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.

    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.

    Original Poster

    fearghalg

    Have you tried getting a 0% credit card? There are so many offering 0% … 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" 5th Jan

    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" 5th Jan

    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

    Original Poster

    Quklux

    Try Virgin money transfer card 0.63% p.a.Or try barclaycard 24 months … Try Virgin money transfer card 0.63% p.a.Or try barclaycard 24 months free money transferI 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

    Original Poster

    karene28

    I got one with no issues and didn't receive a phone call or anything. … 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.

    markluk

    I will be looking to pay back over 3 years so a credit card wouldn't … 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

    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

    Original Poster

    stefromuk

    I took a £3000 loan last month with them, i choose over 4 years so it … 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

    markluk

    Can I ask if you have a good credit score - I have an improving one that … 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..

    Original Poster

    karene28

    No.. unfortunately mine isn't great due to ex-partner and I'd been turned … 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

    markluk

    Thanks for the reply.....hopefully I will be ok then wikth Zopa.....sites … 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

    Original Poster

    stefromuk

    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
    Post a comment
    Avatar
    @
      Text
      Top Discussions
      1. connect tablet27
      2. Jury service1620
      3. New a camera to keep track of my Demintina Mother67
      4. What laptop to choose?21

      See more discussions