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Zopa - Where people meet to lend and borrow money.  View Printable Version 
Monday, March 05 2007 @ 01:25 AM EST
Contributed by: Uk Loans

ZOPA is a market place for Social Lending, which is where people lend and borrow money with each other, sidestepping the banks. And the more you think about it, the more it makes sense.

Banks have huge overheads, with thousands of employees to pay, hundreds of branches to feng shui, and countless fat cats to feed. And they take far more than their fair share of people's money last year, the Big Five (HSBC, Barclays, HBOS, LloydsTSB and RBS) reported combined profits of over £30bn.

By cutting out the banks with their huge overheads and large margins, both lenders and borrowers get better rates.

Social Lending works because you get a fairer deal on an open marketplace than behind closed doors.

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Click on the links below for more information from each online uk loan company.

Approved Car Finance
Car finance and quality cars - Who we are 1000s of people have got a car from Approved Car Finance. Now you can too. We supply the car and the finance.
Vanquis Bank
It's easy to apply online right now - and it'll only take you a few minutes. Simply complete the application form and Vanquis will be in touch with a decision shortly afterwards.
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A name you can trust established for 125 years
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Total amount payable £495. Typical 177% APR
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