The leader in private loans


2016 has been a successful year for the Valencian company Best Bank, dedicated to loans between individuals. During 2016 it has managed to manage, nothing more and nothing less, than a total of 2,700,000 USD in its loans. An amount that represents a volume ten times greater than that obtained during the previous year. The forecast for 2017 of this company implies reaching 17 million USD in its loans.

To invest your savings and make a profit on them

To invest your savings and make a profit on them

Today Best Bank, one of the largest private lending companies in Spain and has a total of 4,000 registered investors. Among those investors, 98% have made a positive return on their shares. In addition, the average return on investment is almost 7%. Which makes Best Bank a very viable alternative. Whether you need a loan or if you want to invest your savings and make a profit on them.

But how does Best Bank achieve these excellent results? Thanks to its algorithm, with which the security between lenders and borrowers is superior to that of other methods that are currently on the market. And to achieve these excellent results, the Valencian company is very clear:

  • Look carefully and pamper all the loan requests they receive. To the point that only 2% of all of them are finally managed by Best Bank.
  • Ensure the creditworthiness of the borrower. In this way the lender has greater security of being able to recover his money and obtain greater benefits for him thanks to the high returns.
  • Give investors real options to decide what to invest their capital in. One of Best Bank’s main interests is that its investors have absolute control over their money. The idea is that they can make decisions at any time and from anywhere in the world. Likewise, it is sought that they can track their actions at any time.

How does the company Best Bank work?

How does the Valencian company Best Bank work?

Best Bank is based on putting reliable and trustworthy people in contact. On the one hand to future borrowers and on the other to those entreprenUSDs or companies that need capital.

  1. At Best Bank, anyone who meets the company’s requirements will be able to get between $ 1,000 and $ 10,000 to return between 6 and 48 months. Time to be set at the time of requesting the loan.
  2. Once the request is received, the company is responsible for verifying all the information and assigning a classification to the new profile based on its level of solvency. This level is calculated based on expenses, income, demographic profile and repayment of previous loans. Once classified, if the project has been validated, it will be published on the company’s website.
  3. Here is the time when the lender comes into play. That person interested in investing her capital can enter the website and review the projects in progress of the platform. They will be able to choose the most suitable one and invest according to their interests.
  4. Meanwhile, the person who receives the loan will return the capital each month. The lender will recover your principal and receive the interest during that period.

Loans also blacklisted or blacklisted loans

In the credit disbursement sector, the meaning of blacklist, in English blacklist, mainly indicates all those hypotheses in which payment problems occurred in the face of any loan disbursed. We have underlined the term “mainly” because there are cases in which the enrollment in a black list prescinds, as we will see, from a real loan but you are still enrolled. 

The white list or white or positive list

The white list or white or positive list

There is not only the black list of loans but there is also what we, on the other hand, can call the white list or white or positive list or the one in which all those who have regularly paid the loans are included: if the black list makes access to credit difficult, the white list facilitates it. But let’s go back to blacklisting by explaining some important things. So, loans also in black lists or bad payers lists: how to get them? It depends on the type of blacklist in which you are registered but also on the work done!

Bad pay blacklist: what are they? First of all, with the phrase “bad payer” many individuals are identified, both natural and legal persons, regardless of the blacklist in which they were inserted: in any case they will be called in this way. So, we have many blacklists: individually it is called database, risk center, sic (Credit Information System) etc., preceded by nouns and/or adjectives such as register, archive, list or, indeed, lists. Let us briefly indicate them: the Crif – Eurisc, which is certainly the most important, then there are the Experian, the Cerved and the Ctc.

A black list does not always derive from a failure to pay installments

A black list does not always derive from a failure to pay installments

There are other specific black lists such as Assilea (which concerns leasing), but we have that of the protested (Rip), that of foreclosures and bankruptcy subjects. At the beginning, we said that enrollment on a black list does not always derive from a failure to pay installments: well, this is the case with the Cai blacklist. In the latter one can end up in behavior linked NOT necessarily with late payments. Before moving on to some of the solutions that allow you to also grant loans to members in the black list, we indicate the times of permanence in a black list.

Length of stay in the crif: how long does it take for automatic deletion from the crif? In the worst case scenario, you can stay on this black list for many years… In many sites, you read 3 or 5 years! Well, in a sense it is true, pity that the aforementioned sites do not ask the following question: when do the aforementioned years pass? Well, the decorum for the automatic cancellation from the crif runs, in the case of loans that will never be reimbursed, from the extinction date foreseen in the contract! By way of example: we have a 15-year unpaid loan from the fourth year onwards: we remain registered for another 14 years or 11 (the remaining years) + 3 (those foreseen by the CIFR). Not only.

Automatic cancellation of protest register

Automatic cancellation of protest registe

There are cases in which the automatic cancellation can take place after 5 years: to establish it, in 2017, it was a provision of the Privacy Guarantor under which the five-year period CANNOT be exceeded even if there are reports of updates subsequent to the primary, initial one.
Automatic cancellation of protest register: this also occurs after 5 years from publication. Following is the list of foreclosed persons (Rid): the cancellation occurs after two years if the foreclosure has satisfied the creditors, after ten years otherwise. Finally, the automatic cancellation CAI: this occurs after two years if it concerns the cards, six months in the case of checks. Now we come to financing in black list or how to have access to credit despite the black list?

Loans also on the black list: how to get them? Remember that, in addition to the blacklist type, we said it detects the job? Well, in all those cases in which we can sell the fifth (or double) we will NOT have problems: the transfer of the fifth, from this point of view, is very powerful: it does not matter what type of suffering the black list registration has generated, yielding our share, we will still have access to financing. And in case we can NOT give it up? Then you need guarantees, which you can view generically on loans for reported crifs without assignment for self-employed workers or the more specific ones on loans for protestors or at loans for foreclosures. If the report concerns the CAI plant, see loans for CAI reported.