UPDATE: Dave and Thomas responded and fixed what turns out was caused by a technical glitch! Well done Zopa!

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ORIGINAL POST:

This post showed up today at 2:33pm EST in my Google Reader, but now is “Error 404 – Not Found” at the Zopa blog.

Rule #1 …. if you don’t like your post, deleting it is too late, even a few seconds after you publish, because of syndication and RSS feeds – better to live with it, and provide a correction.

By the way, I thought it was a nice clear post, well worded, and see no issue with it.

Avid Zopa lenders might have noticed a slow down in their money being lent out over the last few weeks – so I thought I’d take a quick opportunity to explain what’s going on.

The reason for the slowdown is that the number of credit worthy borrowers applying to Zopa has dropped recently – as we’d expect it to in December. The loan business is highly seasonal with fluctuations in quality through the year, and December is the hardest month of the year to find good quality borrowers.

So, although you might be seeing things move a little slower than normal, it’s because we’re doing our best to look after your interests∧ don’t forget you earn 4.25% on money that isn’t lent out all the time that money is at Zopa.

Now – the good news is that January is not only a new year, but a major turnaround in lending. January has something like double the borrower volumes of any other month – as everyone works out just how much they spent over Christmas, and wants to sort it out. And to make it even better, the quality of borrowers shoots up as well.

So – in summary, hang on in there, enjoy your Christmas and New Year, and get ready to lend in January.

Source: Google Reader (100+)

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