My WordPress Blog Thu, 30 May 2019 14:56:34 +0000 en-US hourly 1 Fee Adjustment and Risk Update Thu, 30 May 2019 14:56:34 +0000

Good Bank will make two changes to the marketplace in early June 2010. On the one hand we adjust the fee structure and on the other hand we update the risk data.

1. Adjustment of the fee structure


At the beginning of June 2010, we will adjust the fee structure in the marketplace. This means specifically:


Good Bank Investors will then be charged a 1.35% processing fee to purchase a loan, instead of a fixed fee of $ 4. As before, the fee will be refunded if the borrower withdraws the loan agreement within 14 days. What is new is that Good Bank automatically reimburses 50% of the processing fee in the event of early termination of the loan agreement by the borrower within the first 6 months.


For Good Bank borrowers , the following fees will apply in the future:


• For 36-month loans instead of previously 2%, an amount of 2.5% of the loan amount or the equivalent of 0.83% per term year.
• For 60-month loans instead of 2.5% so far, an amount of 3% of the loan amount or the equivalent of 0.6% per term year.
• There is no change to the minimum charge of 40 EUR for 36 months or 60 EUR for 60 months.


We are aware that fee adjustments are generally not welcomed by all market participants. Nonetheless, we believe it is a right move so that Good Bank can continue to offer its customers a good range of products and ongoing product innovations with high benefits.


a) Benefits for Good Bank investors

a) Benefits for Good Bank investors

Good Bank has offered investors a unique investment opportunity combined with attractive returns for several years. In 2009, Good Bank Investors were able to achieve an average net return after deduction of all costs of 7.3%. The investor return is slightly changed by the new processing fee. For example, someone will pay Good Bank a 36-month loan of $ 500 and get 9% interest. In this case, the new processing fee reduces its return by one percentage point (previously about half a percentage point). At 60 months, the reduction is only about 0.6% (previously about 0.35%). The uniqueness is above all in supporting the projects of other people. In particular, the ability to independently and transparently decide who to give their money to is highly valued as a “social return”.


The changeover to the percentage fee structure is primarily a reaction to investor feedback. Since the introduction of fees last year, there has often been the objection that a percentage fee is fairer because it does not affect the investment amount. In particular, investors who prefer smaller bids benefit from this change. In addition to pools, investors can more easily spread their risk by bidding on smaller bids and now have lower costs per bid. Consequently, the fee for larger bids is also higher than before.


b) Benefits for Good Bank borrowers

b) Benefits for Good Bank borrowers

The simplicity of financing at Good Bank provides a high level of convenience for borrowers: after filing an application online, submitting documentation and being reviewed by the Good Bank team, the project is now being funded directly by private investors on average in less than a day. Thereafter, the money is usually paid out within 48 hours of financing at Valmont. In addition, Good Bank has significantly expanded its service offering to borrowers in the last 12 months. This includes above all the quick loan, the transfer service and the increase of the maximum loan amount to 50,000 euros. Overall, with the increase in agency fees to 2.5% for 36 months and 3% for 60 months, Good Bank remains one of the more favorable credit providers in Germany. As before, Good Bank has no up-front fees. So fees only apply when you get a loan. Likewise, Good Bank has no additional charges, hidden costs such as account maintenance fees or a transfer fee.
For investors and borrowers, we therefore have the advantage of a simple fee structure: all costs are transparent in a single fee and easy to calculate.


2. Updating the risk data

At the beginning of June 2010, we will update the risk premium to one of the most important risk ratios on the Good Bank marketplace. The risk premium indicates the amount of the expected yield reduction from own credit losses or failures in the investor pools and is an estimate.


Since our market launch, the estimate of the risk premium has been based on Bank data. We used this data for two reasons. Firstly, due to a lack of proprietary data, it was important for us to provide investors with a risk estimate as a decision aid using the Bank data. On the other hand, the Bank has historical data that are statistically highly informative. Nothing changed about that.


In addition, we have collected and analyzed our own data on delays and failures over the last 3 years. Due to the young age of the loan agreements (the first loans end their term these days) Good Bank Investors’ credit portfolio can not be fully valued yet. Nevertheless, we can now for the first time consider our own data and its development in the risk premiums. In concrete terms, this means that we adjust the risk premiums once a year. In this way, we want to make it possible for the risk present on the marketplace to be valued and priced even better than before. The annual adjustment can mean either an increase or a reduction in the risk premiums, depending on how the development is.


The adaptation for this year will be implemented in June 2010. This indicates that Bank’s failure data are lower than the failures observed so far. As a precautionary measure, we will raise expected default rates by one-third and adjust risk premiums and expected returns accordingly. Due to the still insufficient number of cases, the adjustment is not made individually for each credit rating class, but equally across all credit rating classes. This means the following risk premiums:



These new risk expectations will be automatically included in the risk premiums from June 2010. What does this mean for investors? For existing investments, the updated expected rate of return shown in its “My Valmont” area is reduced by approximately 0.9 percentage points on average. For future cash investments, the risk premiums that are available in the yield calculator, investment assistant, bid assistant and Good Bank professional, as well as bidding, are automatically updated to allow a better return and risk estimate on the marketplace.


Please note that the risk premium is a forward-looking forecast based on data from Bank and Good Bank and will be updated once a year from the beginning of June 2010. As it is an estimate, Good Bank can not guarantee or assume that the forecast risk premium actually arrives at this level. It can be higher or lower.

These two measures are designed to provide our clients with the most transparent and efficient marketplace possible, enabling them to make good decisions on direct money transactions. Only then can we achieve the goal of establishing a new standard in the lending business together with our customers. We were able to take a big step forward with you in 2009. More and more people are using Good Bank as a clever alternative to banking products.

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To issue micro-loans to collectors will be banned Wed, 22 May 2019 03:43:06 +0000

The Finance Committee in the State Duma approved the amendment submitted by the government, which prohibits collection organizations from issuing microloans.

Interaction of collectors and credit institutions


After that, the committee invited the State Duma to carefully consider the draft law, which describes in detail the interaction of collectors and credit institutions with borrowers in case of arrears.

The Ministry of Economic Development

The Ministry of Economic Development

The Ministry of Economic Development believes that special structures should deal with the collection of debts from the population, whose activities, in turn, should be regulated at the legislative level.

At the moment, a register is being created of organizations that are entitled to work with debtors to determine whether they have any debts on a loan or a loan.

According to the creators of the registry, kollektroskie agencies will more closely monitor the actions of their employees at the time of communication with the debtors because of the risk of drop out of this registry.

Borrower has the right to stop

Borrower has the right to stop

Also, in the next reading, amendments will be considered denoting a period of four months from the moment of arising of delay, after which, the borrower has the right to stop the interaction with the recoverer.

However, the party demanding the return of the debt may challenge this term in court, and in the case of a positive court decision, extend the term by two months.

However, in case of refusal to communicate with the collector or the debt collection department, the borrower should remember that the case is transferred to the bailiffs and in this case the amount of debt is automatically increased by 7%.

Our company has been issuing microloans to the population for several years. A microloan SPb.

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Compare loans and save – our tips Fri, 17 May 2019 14:51:49 +0000 If you want to compare loans to fulfill a personal desire, to finance a television or to overcome a financial shortage, you are in the best of company. Today, almost every German citizen regularly needs credit.

Loans are taken up for a wide range of purposes. For example, a loan is used to finance real estate and cars. In addition, many consumers also take so-called consumer loans in order to afford consumer goods such as a smartphone, a vacation trip or furniture. Loans are also taken out for car repairs, further education and rescheduling of the credit line. Read more about rescheduling here. Anyone considering financing with debt capital should compare the offers for loans.

Compare loans – that’s important

Compare loans - that

If you want to compare loans, you should know what to look for in a loan comparison. There are several criteria that significantly influence the loan.

These include the loan interest, the term, the loan amount and the possibilities for repayment. The lending rates dictate how expensive the loan will be. Those who want to compare loans should therefore pay particular attention to the level of interest.

It is important to know that the interest rates for credit-dependent interest may vary from one prospective to another. Here, consumers should seek a personal offer to know the personal interest rate.

With a good credit rating, the interest rate is usually very low

With a good credit rating, the interest rate is usually very low

If the credit rating is medium or poor, the interest rate will be much worse or the loan application will be rejected. Here is a loan for low-income people interesting.

Private credit may be a better alternative to bank credit. It is also important to ensure that the desired loan amount and term are actually offered by the respective bank. With the other conditions, free special payments and a free early transfer option are an advantage.

Easily compare loans online


If you want to compare loans, you do not have to go to the trouble and do the loan comparison by hand. Credit seekers do not have to search the different offers by time-consuming research, in order to then compare them in a table. If you want to compare loans, you can do this easily and quickly on the Internet today.

In an online comparison, consumers only need to provide information on the loan amount, the term and the intended use and immediately they receive suitable offers. 

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How do I apply for Bank? Thu, 02 May 2019 20:29:15 +0000 In our last contribution to the theme Bauchindergeld 2018, some basic questions about the construction costs could already be clarified. Due to recent events, we want to pick up on this topic today. Since 18.09.2018 , applications can be submitted to the Bank.

In our contribution today, we therefore dedicate ourselves to the question: How do I apply for Bank?

Who can apply for childminder benefit?

Who can apply for childminder benefit?

In principle, all families or single parents with a taxable household income of up to € 75,000 per year (plus a tax allowance of € 15,000 per child) can apply for construction child benefits. In the household income review, the average income of previous years applies (for applications in 2018, the income from the years 2016 and 2015 applies). Even parents of adoptive children can apply for Bank – provided they have a claim to child benefit.

Decisive in the application is that you acquire the property for the first time and for your own use . Then you can get for every child under 18 years, a subsidy of 1,200 euros a year. This promotion will be paid out for 10 years .

If you want to find out if you are eligible for Bank, use the Bank online check-up.

Good to know: The number of children for whom a family can receive the grant is not limited.


How do I apply for Bank?


In order for you to receive Bank, you must apply for funding at the latest 3 months after your move into the new property at the Bank. The property must have been purchased in the period from 01.01.2018 to 31.12.2020 . Decisive here is the date of the purchase contract.

Registration takes place via the grant portal of Bank. After filing your application, the bank will check if you are eligible to receive the grant. After you have submitted the application, you have a maximum of 3 months to upload all necessary documents to the grant portal. Until the subsidy portal is activated in the spring of 2019, you must submit your documents by post.

To process the application, you must submit the following documents:

  • Income tax assessments of the two calendar years before application
  • All birth certificates of children living in the household
  • registration card
  • Purchase contract (for existing real estate)
  • Building permit (for new buildings)

Good to know: There is no general entitlement to Bank, since the funding can be paid only as long as funds are available.

You can obtain more information on the subject of Bank and applying for funding under the Bank 424 program from the Bank.

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Make money easy and fast is it possible? Sun, 28 Apr 2019 20:30:20 +0000 Earning easy and quick money brings together two ideas that rarely go hand in hand. When certain income is easy to get, normally you have to wait a long period to be able to collect them. And those that can be received in a short time, require difficult conditions to meet or even high doses of luck. This is not the case with Fast Lending’s immediate loans , as we will see in this article.


To illustrate the above cases, it is enough to take a look at two common situations: investments in the Stock Exchange and the Lottery. In the first case, it is not too complicated to make money buying shares: you just have to choose a truly solvent company with a future projection, or even acquire government bonds, to have benefits. However, to gather a fairly attractive benefit it is necessary to wait years. In the second case, the Lottery itself is capable of providing a good pinch of immediate money but, of course, it is highly unlikely that luck knocks on your door.

Even bank loans are not capable of combining the concepts of easy and fast. In fact, they are usually neither one nor the other: they impose very rigid demands on the client and to be able to enjoy them one must have patience, since the processing and acceptance can last days or weeks.

This is not the case with Fast Lending’s online microloans. They do not require large paperwork, their requirements are flexible to allow most of the people to benefit from them and are processed directly by Internet, without the need for travel. Below we explain who can get them and how.

Who can make easy and fast money in Fast Lending

Who can make easy and fast money in Fast Lending

One of the great advantages of Fast Lending’s quick and easy credits is that virtually anyone of legal age can aspire to them. Of course, those who are in a stable and comfortable economic position. But also those who are going through a less favorable situation or even economic emergency, who receive a NO for an answer in the bank offices. We speak mainly of people who are in these three situations:

  • Being enrolled in a list of defaulters, such as ASNEF : in Fast Lending is not a reason to reject this fact.
  • Not having a fixed and full-time payroll : in Fast Lending quick easy loans are granted to those who have a pension or unemployment benefit.
  • No avail : in Fast Lending it is not necessary to provide guarantees, neither personal nor bank.

How to access Fast Lending’s quick and easy money

How to access Fast Lending

These are the steps you must follow to get a loan in Fast Lending, thanks to which we can talk about easy and fast financing:

  1. Register in the website : it is a procedure that takes just a few minutes and is as simple as creating an email account or a user account in an online store. You will need to indicate an email address to receive a confirmation email and after that you will have to fill in your personal information, including the bank account in which you wish to receive the money.
  2. Indicate amount and term : it is done very easily through the two selectors of the web. The minimum amount to request is € 50 while the maximum is € 750.
  3. Check your bank statement : after a very short period of just a few minutes, we will contact you to announce if the application has been accepted, something really likely, since our rate of acceptance of applications is over 90%.
  4. Return the amount of the credit plus the management expenses.

When to return the microloan of Fast Lending

When to return the microloan of Fast Lending

The last step of this process is, logically, the repayment of the loan, in which you will have to return the amount received in your account plus the expenses of management of the operation, of which you will be informed at all times and without hidden costs. The date of the return you choose in step 2: the minimum term is 1 day while the maximum is 30 days. After that, the loan will be settled and you can start a new loan application process. In fact, in Fast Lending we have a 98.99% loyal customers.

This way of earning easy and fast money is, therefore, a good help for unforeseen situations or for specific moments of economic need. This is how the thousands of customers who have requested a total of more than 184,000 immediate loans through our website conceive it, and have allocated it to any daily situation, without explaining or providing justifications: the extension of a vacation, the repair of a breakdown of the car, the payment of a traffic fine before the end of the voluntary period, a receipt of the light higher than expected …

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