You might think it is a good idea for lenders and borrowers to get together and support each other - a kind of social financing model amongst the community which cuts out the banks. Zopa lenders are members of public same as the borrowers.
Zopa is an online money exchange. Lending rates tend to be reasonable and no penalties for early redemption of the loan. Borrowing rates tend to be lower then credit card companies so you may be able to switch your loan to Zopa lenders payoff your higher interest commercial lenders.
Lenders tend to get higher interest then comparable rates from banks.
Check out Zopa and be a lender or a borrower.
Disclaimer : We are members of Zopa. We have been lenders and borrowers.
