Get Started With Payday Loans It’s like the financial fuel for what drives you

The citizens of Iowa rely on Lender Bank payday loan specialists to optimize financial packages for each situation, and even some unexpected obstacles. Every day we help Iowa dreamers buy new houses, fix old houses, consolidate debts, attend medical emergencies, get behind the wheel of new cars, use new cars, and flying cars (OK, not yet, but you have the idea) .

Mortgage loans

Mortgage loans

Buying a house is a great commitment, no matter how nice it is and how much you love it. Our mortgage loan officers take the time to help you select the mortgage loan and the terms that best fit your lifestyle and budget. Our team is here to help you ensure that the application for prior approval and your loan mortgage are processed as quickly and easily as possible.


Home equity loans

Home equity loans


If you already own a home, a home equity loan or a credit line can equip you with extra money for expenses, such as home improvements, debt consolidation, purchase of a new car or other expenses that life brings us. By capitalizing on equity in your home, you will get access to the funds while taking advantage of lower interest rates and potential tax savings. It is a smarter way to borrow money.

Student loans

Student loans


If you have already completed the Free Application for Federal Student Aid (FAFSA) and took advantage of those aid options to their fullest potential, then an Good lender Loan could be a good solution for the rest of your expenses.

Customized consumer loans

Money loan

Our consumer loan products provide you with the resources you need to achieve and finance some of life’s most important goals. Do you want to buy a car? Go on vacation? Are you looking to complete some home improvements? We can provide a loan for any need you have! In addition, we also offer consolidation loans to allow you to reduce debt faster. We have a complete set of consumer loan options to get the capital you need, whatever the reason.

Financially independent with a payday loan

Loans are part of everyday life for the majority of German households. The little house in the countryside, a new car or the renovation of the home furnishings are mainly financed with a loan. Up until a few years ago, your own bank was the first point of contact for all credit issues. After the outbreak of the financial crisis, however, the confidence of many bank customers in the credit institutions and the restrictive lending of the banks caused additional displeasure. Against this background, payday loans created a new segment in the financial sector.


The payday loan: fast and unbureaucratic

The personal loan: fast and unbureaucratic

The payday loan is characterized by its quick and unbureaucratichandling. With this form of financing, unexpected gaps in the household budget can be plugged and material needs can be easily fulfilled. Often it is suddenly occurring circumstances that require an increased financial need. An unscheduled repair of the car, a broken washing machine, or the financing of a new children’s room can create serious gaps in the budget. The overdraft of the checking account is not a real alternative due to the enormous interest charge.

Credit negotiations with the house bank over an installment loan can take a long time and the own fixed deposits are usually not available in the short term. In this situation, the payday loan offers an elegant solution. It is one of the fastest and most effective solutions to meet short-term financial needs. Lengthy negotiations with a bank employee are no longer necessary, as are long waiting times for the loan to be approved. It is not necessary to disclose all financial circumstances in detail and a Schufa entry is usually not made either. On the other hand, those who value the financial competence of a bank still have the option to apply for a $ 30,000 loan from MoneyEuro Link Bank.


The principle of operation of a payday loan

personal loan

The payday loan is a loan that the borrower receives from an unknown private individual. Contrary to the first impression, it is not a loan from friends or acquaintances. In this form of loan, special online portals act as an intermediary between the lender and the loan seeker. There both parties have the opportunity to post and publish their offer. Lenders and recipients can now contact each other and negotiate the terms for the loan. The conditions, the repayment period, the amount of the loan and the collateral are agreed. Once all open questions have been resolved, the loan is paid out and the recipient can freely dispose of the entire amount.

The 5 advantages – not always so evident – of online consumer credit

Everyone is talking about FinTech in a continuous and pervasive way. Often not in the right way: some myths to dispel and factors that are still not entirely clear, especially in P2P lending dedicated to people, resist. We tried to list the five advantages of the sector, from the point of view of the applicant and the real economy. Here they are.



credit Speed

One of the major strengths of P2P lending is the time that saves. In traditional consumer credit, it can take up to a week from the moment in which the bank receives all the required documentation to that in which the desired amount arrives on the current account (with overall times that can in some cases reach up to 3 or 4 weeks.). Online, the answer on the outcome of the question is practically in real time: once the data has been entered on the platform, the feasibility of the request is verified (in essence it is verified that there are no protests or delays). When the platform receives the ok, the customer can send the complete documentation as requested: from the moment of correct reception of the same, the platform takes 48 hours to carry out the preliminary investigation and to transfer the money to the account. of the customer.


Digital and flexible experience

credit debt

All the procedure takes place online, without the mediation of consultants and without the need to go to the counter. This results in further savings of time and kilometers of ground to go to a physical location on several occasions. The digital nature of the experience guarantees flexibility. It is the customer who decides times and ways of interaction and, while not physically interfacing with a consultant, can enjoy telephone assistance always available and personalized.




P2P lending is the market where the two sides of the loan relationship meet. On the one hand, the applicant, who needs funding for different purposes – from buying a car, to renovating a home, to financing a holiday or a study period abroad, just to give some examples. On the other, the lender who agrees to lend to a diversified basket of borrowers and signs a contract detailing the timing and methods of returning the capital.


Competitive interest rates

interest rates

We immediately clear the field of a false belief: that P2P lending applies high interest rates in exchange for the advantages described above in terms of speed and convenience of use. The rates applied depend on two characteristics: the customer’s risk profile (for example in the Sparkborrow Financing classification there are three) and the match between supply and demand (the lender can request to receive a given rate and wait for the market to appear someone willing to pay him). For these reasons, interest rates vary over time: in the last four months, the TANs registered on the Sparkborrow Financing platform have moved between 2.41% and 5.16%. In the lower part of the range it is a very competitive value compared to the rates applied by traditional operators.


The ethics of P2P lending between people

The ethics of P2P lending between people

True, everything happens online through the Sparkborrow Financing platform. But this must not make us lose sight of the focus of P2P lending between people: that is, people. At the center of FinTech there is always man and this is why it works. Without considering that this market segment contains in itself a strong ethical content: investor side because they finance the dreams and projects of other people; on the applicant’s side because a gap in the supply of credit is facilitated which facilitate domestic consumption, that is, it supports the demand for products that contributes to GDP growth. Somehow it feeds the real economy in a joint effort that involves, we like to repeat it once again, the people.

Credit for trainees without co-applicants


Trainees are mentioned in an informal manner as trainees. The short name does not only belong to the youth jargon, but is also used by health insurance companies and banks if they are aimed specifically at young people.

In addition to the classic start of vocational training after graduation, more and more young people are initially working in temporary jobs, which is unavoidable for a few professions such as professional drivers due to a legal minimum age. At the same time, employers are increasingly demanding the Abitur as an application prerequisite for an apprenticeship position, so that more and more trainees are of legal age and are therefore generally entitled to borrow.

Usual loans for trainees

Usual loans for trainees

Some banks grant trainees a small overdraft facility on their checking account when they reach the age of majority. At a few credit card companies, trainees generally receive a credit limit of around one thousand USD without further proof. Payment in installments is also a possible loan for trainees without a co-applicant and for most orders, especially since mail order companies rarely ask about the employment relationship.

However, taking out a larger bank loan is difficult for trainees because their income is just enough to live on. An exception is if they can use their training allowance entirely as pocket money and thus also for loan repayment. In this case, banks are often satisfied with a corresponding certificate from the parents without having to appear as a co-applicant at the same time.

It depends on the bank whether parental support is taken into account as income for the appraisal of repayability for trainees living outside the parents’ home. A loan for trainees without co-applicants can also be taken out via a website for arranging loans between private individuals, since lenders registered there prefer to grant loans to applicants who find it difficult to obtain a loan from banks. Low monthly credit rates are important for trainees, which are guaranteed by a long loan term.

Special loans for trainees

Special loans for trainees

Lite lender can apply for a loan for trainees without a co-applicant or guarantor for the final training phase without any further requirements. Trainees are also paid the training loan if they have already forfeited Credit Bureau negative entries, because the only reason for exclusion is applied for personal bankruptcy.

In addition to the low interest rate, the fact that a loan taken out via Lite lender is granted to trainees without a co-applicant and only has to be repaid after completing the training. If the trainee does not pass his final exam on the first attempt, the bank postpones the start of the repayment phase after submitting the relevant evidence.

Loans for trainees via Lite lender are not free of interest, but have lower interest rates than average consumer loans. Some private banks and cooperative banks also provide training loans comparable to Lite lender, but these usually place higher demands on Credit Bureau information.

Ask for a loan for an apprenticeship

Unfortunately, education in Germany is not always free of charge. Many people who want to fulfill their dream of a dream job are therefore put to the test. Anyone who decides to study further in the form of a course of study or school education may have to face enormous costs, especially if child benefit ceases to apply from the age of 25.

For this reason, more and more people are asking for a loan for an apprenticeship. The banks have also targeted people who want to use a loan for training. Many banks offer low-interest loan financing under the name “Bildungskredit”, but online financing can also be used to finance training, since it usually offers free use and can therefore also be used to finance training.

Due to the wide range of offers, even borrowers with a limited credit rating can benefit from interesting conditions, but the comparison has become significantly more difficult in recent years due to the enormous increase in offers.

This should be taken into account when looking for a loan for an apprenticeship

This should be taken into account when looking for a loan for an apprenticeship

Since people who need financial resources for training only have limited liquidity, a loan product with a long term should be selected if possible. When repaying installments, long terms ensure that repayments are made in smaller installments and that liquidity is therefore not burdened as much. Since an apprenticeship often extends over a period of 2-4 years, it is particularly advisable to resort to the option of special repayment for long terms.

The special repayment enables the borrower to repay part or all of the loan in advance. In this way, the loan can be repaid quickly and often at no additional cost once the training has ended.

Another model of repayment is a loan with final installment repayment, especially when financing an apprenticeship. The final installment repayment offers a low liquidity burden throughout the term, since only the interest on the loan is repaid during the term. The borrower is only required to repay the entire loan amount after the term has expired.

The repayment of the remaining debt proves to be more cost-intensive than the repayment of the installment, since the repayment of the residual interest calculates the interest over the entire term from the net loan amount.
When comparing, cost-conscious consumers should focus primarily on the effective interest rate.

Comparison on the Internet

Comparison on the Internet

By using a loan calculator on the Internet, borrowers can permanently secure the best individual interest rate and, above all, save cash in the long term.

Small loan for trainees – What to do if you have bad credit rating?

The world of trainees changes suddenly when they start their apprenticeship. They live an independent life, move into their first apartment, earn their first money and want to get a driver’s license or buy their first car. All of this is exciting, but always involves costs.

These costs can be partly covered by the training salary, but it won’t be enough for all things. For example, the trainees either have to forego some purchases or take out a loan for trainees. Banks see today’s inexperienced customers as tomorrow’s high-earning customers.

Conditions that banks place on apprentices

Conditions that banks place on apprentices

Lending is not possible without conditions that are not met. After all, banks want to be sure that they will get the borrowed money back from the trainee. For example, they have to meet certain requirements for a bank to grant a loan to trainees.

A distinction must be made as to whether the trainee is of legal age or not. If he is not, he must bring his parents with him when applying for the loan, who will sign the loan agreement. Minors do not receive a loan in Germany, so the signature cannot be waived.

In addition, the applicant must sign a document in order to give the bank permission to test the Credit Bureau. This is always checked, because only in this way can banks see whether contracts already exist or whether payment obligations have not been met. The trainee brings his apprenticeship contract with him when applying. This enables the bank to see whether the trainee is already from the trial period and how long the training will take.

Bad credit rating – what to do?

Bad credit rating - what to do?

It may well be that a trainee already has negative entries in the Credit Bureau. This can be the case, for example, if he has a cell phone contract and does not pay his bills. Then the bank must inevitably assume that the trainee does not take his payment obligations seriously and rejects a loan application.

In this case, it only helps to ask the parents to take out a loan for trainees so that the trainee can make his or her purchases. Parents are not always willing to do this, because a loan means to incur debt. And debts at a young age should not be underestimated, because it is not uncommon for young people to be so indebted that they can hardly get out of this lousy financial situation.

How can the loan amount be reduced?

How can the loan amount be reduced?

The lower the loan amount, the lower the monthly costs. If the trainee knows exactly how much money he needs, for example for the driver’s license, he could reduce the loan amount. If he has one or two driving lessons for free for his birthday, Christmas or Easter, it no longer has to be included. The actual loan for trainees then shrinks and the costs become manageable.

Delayed payment – loans and leasing

Have you taken out a loan or signed a leasing contract and your monthly payments are behind schedule? What are the consequences of this delay? Is there a way to defer certain monthly installments? When does the situation become dangerous? Can the life partner be consulted by the bank?

If you take out a personal loan, you undertake to repay an amount X each month for a certain term. Many unpredictable events can drive your finances into the red, which can lead to late payment of some or all of your bills.


1. Payment after a reminder

loan payment

In the first case, you pay the monthly installment of your loan or lease after a reminder. They say that after all it is an invoice like any other, and that a delay in payment is a minor error that has no consequences other than administrative costs. You cannot imagine that a future loan or leasing application could suffer.

But that’s how it is! The ZEK already sees this stage as a serious mistake that affects your trust index. You will receive a code ZEK 03 that will remain in effect for 5 years. In this way, it is very likely that all credit or leasing applications applied for within this period will be rejected.

For this reason, you should avoid any delay in payment, whatever the cost. Except with Lend Now, which gives you 2 wild cards.


What do these payments look like, is it interest on arrears, fixed costs?

The fixed costs for these fines start at 15.- and can be up to USD 100. These amounts vary from bank to bank and are set out in the general terms and conditions.

Exception with Lend Now

Credit-Now allows the monthly installments to be deferred twice without additional interest payments or entry at ZEK.

Some banks grant this option in exceptional cases without consequences for the customer, but not officially and rather rarely.


2. Reduction of the monthly rate

credit loans

In the second case, your financial situation will no longer allow you to pay the entire monthly installment. So ask your bank to reduce this rate.

This leads to a code ZEK 04, even worse than code 03. It also remains in effect for 5 years.


3. Delay that reaches 10% of the claim

credit payment

In the event of a serious delay that reaches 10% of the net amount of the debt, the bank has the right to demand the total amount of the claim plus interest immediately.

In general, this procedure takes place before a court. The customer is forced to repay the entire loan immediately. If he is unable to do so, a debt enforcement procedure is initiated.

If the person lives in a relationship and the partner is solvent, the bank can also contact them.

Everything you need to know about creditworthiness

Everyone in the United States knows it and is held in high regard; in Italy it has the same value, but practically nobody knows what it is. We are talking about creditworthiness: what exactly is it, and why is it so important?

When we talk about creditworthiness we are talking about loans , which in Italy are going through a particularly happy period. This year, in fact, the loan requests of Italian families have increased : the data indicate that in September 2017 there was an increase of 3.4% compared to the same period of 2016, with a total growth of 3.9% for the last quarter. Furthermore, there was also an increase in the average value of applications, which increased by 8.6% (9,009 dollars, the highest figure since March 2011 ). Finally, if we analyze the distribution of requests by amount, in the first nine months of 2017 the requests for financing were concentrated in the class of less than $ 5,000, with a share of 45.9%.

But what are the criteria by which banks and financial companies decide to grant a loan or not? This is where creditworthiness comes into play, the essential and essential basis on which a loan application is assessed.


Creditworthiness: what it is, how it is calculated, what it is used for

Creditworthiness: what it is, how it is calculated, what it is used for

Creditworthiness is the reliability of a person from an economic and financial point of view. In other words, it is the ability of the debtor to repay the lent sum to the provider, respecting the agreed repayment plan.

Lenders, in making this assessment, take into consideration some elements that concern the loan applicant, including:

  • the level of indebtedness;
  • income flows;
  • the possible presence of previous insolvency or delayed payments;
  • the possible presence of protests or harmful;
  • the presence of alternative financial and asset sources;
  • the likelihood that these sources will remain available for the duration of the loan.

After examining these aspects, the applicant is assigned a score (which can be positive or negative), through a statistical method of assessing solvency called credit scoring. Based on the credit score, the loan applicant is placed in a specific class of belonging.


The importance of databases and the role of Stick2One Credit and ExpoCredit

credit loan

How do lenders retrieve the loan applicant’s credit history information? By querying a credit information system (the so-called SIC): a database that contains all the information provided by the credit institutions themselves and by the banks.

The most important SIC are managed by two companies, Stick2One Credit and ExpoCredit, which, for a fee, offer credit institutions authorized by the Bank of Italy access to their databases. By querying this database, credit institutions can find valuable information to evaluate the credit history of the applicant and establish his credit score (thus assessing whether the subject has sufficient requirements to repay the loan). For example, the SIC can tell if the subject:

  • has already applied for a loan that has been declined;
  • paid all the installments requested by the loan and paid them on time;
  • has other ongoing economic commitments.

If, after examining these aspects, the creditworthiness is rated below average (and the applicant is therefore classified as a “bad payer”) it is very likely that the credit institution refuses to grant the loan, both to protect itself and to protect the applicant by avoiding placing him in an over-indebted condition.


The benefits of having a good credit score

credit score

If the credit score is not good, the applicant is at high risk, therefore his creditworthiness is low; on the contrary, if the credit score is good, it means that the applicant is at low risk and that his creditworthiness is high. In this case, the advantages for the applicant are many and important: for example, they will have easy access to credit, and the loan will have lower interest rates.

Do you want to apply for a loan online with Cream Bank? In a few minutes you will know if your request has been approved or not. If the result is positive, it means that your credit score is good, because Cream Bank’s selection criteria are very strict. Cream Bank, in fact, is not a bank: the money that is loaned through the platform belongs to private individuals who make their savings available to applicants. Our commitment is to protect these savings and protect lenders: this is why we carefully select loan applicants. Only in this way can we guarantee the best possible ethical finance model.