Query by snoppy t: Do you feel any private lenders that give out individual loans are true? I ask a question on yahoo about negative credit private loan and my answers had been some men and women told me about private lenders do you think they will scam me? Greatest answer: Answer by pppresPrivate lenders are normally 1 of 3 factors – 1) somebody you know personally – household, pal, organization associate – who lends you money. two) difficult income lenders – these can be useful, but be conscious of the super-higher interest rates. I do a small of this on the side, and usually get 20-33% on my income per 90-day period. three) venture capital – these guys finance begin-up firms. This can go either way on the private/non-private scale, so I am such as it for basic information. There are actual VC firms, and then there are tiny-time financiers who do a little bit on the side on their personal. It sounds like you may possibly be dealing with payday-advance type of stuff – which falls under tough income. Do your homework before you get involved in something like this, as it really is pretty simple to get hosed. Chances are, you happen to be not going to discover a “private lender” for a “negative credit personal loan” with no paying a key price to get it. Want you the very best! Know much better? Leave your personal answer in the comments!