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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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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Picking the right car finance option for you
There are lots of decisions you need to make when buying a new car: for example, what make and model, petrol or hybrid, and whether to opt for new or second-hand. But it’s easy to forget one of the trickiest choices: how to finance the purchase. From PCP to HP it can feel like a …
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What the new P2P regulations mean for Zopa investors
You may have seen that the Financial Conduct Authority (FCA) just announced new regulations which will cover peer-to-peer (P2P) investments. We wanted to outline what this means for you as an investor, as well as our response. What this means for P2P investors Before we go any further, the headline for you is that
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The differences between mini-bonds and peer-to-peer investments explained
With the tax year drawing to a close, there’s been a renewed interest in Innovative Finance ISAs (IFISAs). IFISAs allow you to utilise your tax-free allowance while investing in a range of peer-to-peer (P2P) products as well as debentures and mini-bonds – more on mini-bonds in a moment. At Zopa, we provide IFISAs which invest
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