Is my private lender legittimate

[Richard Murray]

I am new to the investment side but have been rehabing for ten years. I have my money tied up in a purchase that I have been in too long due to my appendix and needed time to recover when it ruptured.

Now back and fully recoved from the 3 surgeries. I am faced with bad credit . My best option may be private lenders but as a short test of the water revieled , those sources can be sketchy and a real trap for the newbies like myself. 

I am hoping for a source for vetting or otherwise determining if a private lender is legitimate.

Thanks for being available for this big step

Richard Murray

[Chris Mason]

Originally posted by @Richard Murray:

I am new to the investment side but have been rehabing for ten years. I have my money tied up in a purchase that I have been in too long due to my appendix and needed time to recover when it ruptured.

Now back and fully recoved from the 3 surgeries. I am faced with bad credit . My best option may be private lenders but as a short test of the water revieled , those sources can be sketchy and a real trap for the newbies like myself. 

I am hoping for a source for vetting or otherwise determining if a private lender is legitimate.

Thanks for being available for this big step

Richard Murray

 Not sure if this is applicable to you, but FYI the mortgage industry uses a mortgage-specific FICO algorithm. This mortgage-specific FICO algorithm doesn't treat late medical payments nearly as harshly as the algorithms used by credit karma, your discover card, car lenders, or basically any non-mortgage FICO algorithm.