Borrowers with unsatisfying credit seeking a loan can not use Zopa.com. Instead of just declining these applications, Zopa now sells these leads through Paaleads.com. Brokers and financial advisors can bid to obtain these leads. (Source Mortgagesolutions-online.com)
Paaleads classifies the leads in three categories:
- Unsecured loans – homeowners over 10.000 pounds
- Unsecured loans – homeowners below 10.000 pounds
- Unsecured loans – non homeowners
As the screenshots below (taken today) show, the leads are selling for prices of up to 35 pounds.