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Hard money lenders are a resource to turn to when you have bad or no credit and cannot find anyone to loan out money to you. They are private lenders who lend out money on homes and property, for private or business use, to finance
cost of buying or repairing
property. The advantage of hard money lenders is that they have little qualification requirements and will lend to you even if you have bad credit. Hard money lenders, however, often charge higher interest rates on their loans.
Any money lender you do business with, you should make sure is legitimate and can provide you with his credentials. Well known and reputed lenders are a safer bet.
If you get turned down by money lenders you can ask them why. Also you can acquire a copy of your credit report to see where you can make improvements. With a good credit score more money lenders will be willing to loan to you, and thus you will have more choices and offers available.

Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.