Zopa , an online peer-to-peer lending platform, has fuelled its growth with riskier loans, according to credit ratings agency European ’s analysis. The first -ever rating of UK ’s securitised loans – the first to be offered by a European consumer marketplace lender – found that riskier lending increased at the same time as Zopa ’s growth starting in August . Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram. Riskier loans included lending to those with lower average credit scores, giving longer terms and having a higher share of debt consolidation loans. A total of 25% of Zopa ’s £ 1.6bn consumer loans were made after 2013 .
Zopa , an online peer-to-peer lending platform, has fuelled its growth with riskier loans, according to credit ratings agency European ’s analysis. The first -ever rating of UK ’s securitised loans – the first to be offered by a European consumer marketplace lender – found that riskier lending increased at the same time as Zopa ’s growth starting in August . Riskier loans included lending to those with lower average credit scores, giving longer terms and having a higher share of debt consolidation loans. A total of 25% of Zopa ’s £ 1.6bn consumer loans were made after 2013 .