Private lender; no credit score or equity requirement; personal loan; pay fee upfront

Private lender; no credit score or equity requirement; personal loan; pay fee upfront

Investor · Menifee, CA · Member since 2008 · 78 posts · 20 votes

Too good to be true?  I happen to communicate with 3 this week.   2 of them use namecheap.com to register their domains.  Was there some type of "guru" pitching and people got into this private money game around the same time with similar concept but have no idea what they're doing?  Are they really equipped with private funds but are new to lending? 

The third "private lender" stopped communicating after I asked too many questions -- maybe I'm tough to deal with?

Any insight?  If you truly have a private lender that does not look at credit score or equity, please let me know.

I need to get contractors paid and units rentable -- no time to waste.

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Robin SimonBusiness Member
Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
3y
Quote from @Joe S.:

There are a lot of scams going on these days. And what you described sounds a whole lot like one of those.


 Agreed

See this reply in the discussion

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  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    3y

    There are a lot of scams going on these days. And what you described sounds a whole lot like one of those.

  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    3y
    Quote from @Joe S.:

    There are a lot of scams going on these days. And what you described sounds a whole lot like one of those.


     Agreed

  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    3y

    Yes too good to be true

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