I want to transfer my Zopa ISA to a new provider but some of my loans are in arrears/default. What happens?

Updated a month ago

We can't transfer any loans in default or arrears so they will need to stay in a Zopa account.

When we get your transfer request, we'll sell as much as we can and transfer those funds to your new provider.

If you're transferring an ISA you opened in the current tax year, you must transfer as much as possible. We'll then move any loans in default or arrears into a non-ISA Zopa account while we work on recovery.

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