Private Money Lender Offers 0% APR

5 Replies

I was at a seminar this weekend for stock trading and a lender there (Tyler Watts President of Freedom Management) offered me a private money loan of up to 25000 at 0% APR on 12 or 18 mo term. Has anyone come across a private lender who had an offer similar to this? The 0% APR interest rate sounded too good to be true, and I have yet to find anything about this guy or his lending group online. I asked what's the interest rate after the 0% time range, and he said anywhere from 9.99 to 12% which made sense, but I just haven't come across any private lenders who were offering no interest rate on a term that long, and again, seemed too good to be true. I asked, "how are you able to offer an interest so low in comparison to other private lenders?" and his response was along the lines of him and his group using specialized knowledge that basically big banks use to get these super low rates, and the fact that he's a private lender allows him to do this. Would love any feedback from someone who has either legit expertise or a personal experience. New investor trying to avoid making newbie mistakes, so all good information is welcomed :)

Shrief (pronounced sha-reef)

credit cards is all that is.. one year teaser rates you can get those on your own..  NO one lends at 0% except the Japanese government and the US a few years back or next to 0 and you had to be a multi billion dollar bank to get that loan.

Hey Jay,

Thanks so much for the feedback! That makes a lot of sense, but I just don't see the positive "what's in it for him" endgame for him and his lending group.  Knowing someone could just apply at chase or any of the other million flyers ppl get in the mail, why would he spend his whole weekend at a seminar encouraging those who don't have the money out-right to sign up for a $10k and up education program (income traders)?  

Shrief

Originally posted by @Shrief R. Ben :

I was at a seminar this weekend for stock trading and a lender there (Tyler Watts President of Freedom Management) offered me a private money loan of up to 25000 at 0% APR on 12 or 18 mo term. Has anyone come across a private lender who had an offer similar to this? The 0% APR interest rate sounded too good to be true, and I have yet to find anything about this guy or his lending group online. I asked what's the interest rate after the 0% time range, and he said anywhere from 9.99 to 12% which made sense, but I just haven't come across any private lenders who were offering no interest rate on a term that long, and again, seemed too good to be true. I asked, "how are you able to offer an interest so low in comparison to other private lenders?" and his response was along the lines of him and his group using specialized knowledge that basically big banks use to get these super low rates, and the fact that he's a private lender allows him to do this. Would love any feedback from someone who has either legit expertise or a personal experience. New investor trying to avoid making newbie mistakes, so all good information is welcomed :)

Shrief (pronounced sha-reef)

 Probably tied to paying a highly profitable (for the seller) price for something. No different than the TV commercials for a mattress or car financed at 0% -- you know dang well that you're going to overpay for the mattress or the car itself on sticker price.

If you knew how much you were overpaying by, you'd actually be able to do some math that would allow you to "back into" an interest rate based on that. 

If its  a guru seminar they want you to max out your available credit so that you can buy the up sell program from them ..