Sunday, March 6, 2005

Zopa

Zopa is basically ebay but for money. It provides a meeting place for borrowers and lenders whilst also vetting borrowers to ensure a satisfactory credit rating. Rather than borrowing from a bank you can borrow from someone just up the road at a rate that you both think is fair. 'Lenders can choose what rate to lend at and, by looking at the markets, decide what sort of people to lend to and

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