I have a credit card with Virgin and had set up a Direct Debit to pay the Minimum payment each month which have never been missed. I chose this this card as it had 0% and had transferred a balance from another card and have made no further purchases or transactions. Just before Christmas they sent me an email informing me that as I was only paying the minimum each month they would have to reduce my credit limit as they felt I couldn't control my debt and was a bad credit risk I was a little shocked at this as like I said I have never added anything except the initial balance transfer. Worried that this might be affecting my credit score I increased my payments only to receive another email a few days later saying they had increased my balance back up.
Reviewed on: 19th March 2021
This is the second Zopa loan I have had.I find them very quick to make their decision and release your funds and the application process is very simple. I also like the fact that you can keep upto date on your loan via the Zopa App.
Very helpful friendly staff who are always happy to help.
I would recommend them to everyone.
Reviewed on: 19th March 2021
