Zopa blog
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Current account vs savings account: how to find the right fit for your finances
When it comes to opening a bank account, you’ll normally be choosing between two options: a current account or a savings account. But what’s the difference? And how do you know what’s the best option for your finances?
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Translating the new peer-to-peer rules
As part of the new Financial Conduct Authority (FCA) regulations on the peer-to-peer (P2P) industry which come into effect on 9 December, we’ll need you to confirm your level of experience with P2P on a yearly basis. Based on this information, you’ll then be given the investor profile that best suits the details you’ve given. In some cases, the profile you fall into can lead to restrictions on
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Know your Borrowing Power: What’s an APR?
If you need a loan or a credit card, how do you judge which one is best for you? While there are a number of factors you might want to take into account, knowing what they’ll cost you in total is top of the list. This is where really understanding what an APR is comes in handy
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Power Up: Borrowing Power and your money
Borrowing Power is Zopa’s latest tool to help you feel good about your money. It’s an in-app tool that helps you get the best rate you can on a Zopa loan. It cuts through all the confusion to give you a 1 to 10 rating that reflects your credit health and helps you understand how we at Zopa view you as a customer.
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The tech behind Borrowing Power
Using a unique combination of AI and data science to create our latest tool Today, we launched Borrowing Power, a new tool that combines AI, data science, and innovative technology to allow customers to borrow at the best possible rate. Users are shown what makes up their ‘borrowing power’ within Zopa’s app along with bespoke.
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Car finance drives consumers round the bend - 9 in 10 UK adults confused by car finance options
9 in 10 can’t identify cheapest finance deal Nearly half of car buyers can’t identify the car finance they signed up for 1 in 4 car buyers have taken out a car finance option they didn’t think they could afford.
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Debunking car finance myths – what do you really need to know?
At Zopa, we believe all consumers should get a fair deal as standard. It’s your money after all, so why shouldn’t you get the most out of it? However, this isn’t the case with all financial providers. We want people to feel good about their money, so we believe in shining a spotlight on unfair
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