Zopa Stops Originating Some Loans, Originations Down Around 75%

In light of the coronavirus crisis the consumer lender has opted to stop originating C, D and E grade loans; the company had already tightened their criteria but this is an extension of that move; Zopa’s Core product will fund A* and A loans and Zopa Plus will fund just B grade loans; not surprisingly this will in turn reduce originations dramatically by around 75 or 80% this month according to the company. P2P Finance