I just came across an interesting idea. A company called Zopa has come up with an innovative investment and lending idea.
rel=”nofollow”Zopa stands for Zone of Possible Agreement. What is that? Well, it’s a peer to peer investment or loan system. It’s network of people who borrow or lend money to each other. Sounds interesting doesn’t it? If it works that would mean that you’d be cutting out the bank and all it’s charges for paperwork, and administration.
Members can borrow from one and other or make online investments. I was looking at their rates for borrowing money and at this time a personal loan’s interest rate is only 5.2%. That sounds pretty good to me.
Zopa is operating in the UK at this time but it will launch in the US shortly. I think it’s worth taking a better look at this company and what it offers.