About 24/7 Lending Group

In business since 2001 and based out of Raleigh, NC, 24/7 Lending Group helps consumers with poor credit ratings obtain personal loans for anywhere from $100 to $35,000 or more. While the company advertises that their service can be used by customers in all credit brackets, they specialize in those with poor and no credit. According to their website, current interest rates range between 6.46% and 33%, with a minimum borrowing term of one year, and a maximum of six.

24/7 Lending Group is not registered with the Better Business Bureau, but appears to have a relatively good reputation, based on a wide variety of online customer reviews. Most feedback appears to be positive, with the majority of complaints referencing poor communication. However, 24/7 Lending Group also maintains a strong online presence, and appears to answer customer questions and complaints fairly quickly.

How 24/7 Lending Group Works

Contrary to what the company’s name might lead you to believe, 24/7 Lending Group is not a lending service. Instead, they act as a “middleman” for a group of more than 50 direct (also known as “payday advance”) lenders. In other words, they help you choose a qualified lender that best matches your specific needs, such as loan amount, repayment schedule, etc.

In order to apply for a loan through 24/7 Lending Group, you must meet four criteria:

  1. At least 18 years of age,
  2. A citizen of the United States,
  3. Actively employed, or receiving a regular income (e.g. disability, retirement, etc.), and
  4. An active checking account.

The 24/7 Lending Group Loan Process

To begin using 24/7 Lending Group’s services, you’ll first need to fill out a short application, where all included information should be accurate and up to date. According to the company’s website, the details obtained during your loan approval process are 100% secure, and will remain completely private throughout.

After your application has been submitted, it will be reviewed and forwarded to specific lenders based on your credit score and loan requirements. Then, you’ll typically receive a phone or email response within 24 hours, and if approved, will also be given important details such as the loan amount, APR, repayment schedule, and so forth.

In addition, it’s important to keep in mind that fees, late payment stipulations, and renewal information is lender-specific, so if there’s something in your contract you don’t understand, this would be the best time to speak up and ask. If you choose to continue after carefully reviewing all the terms and conditions, simply e-sign the agreement, and your money should be available shortly thereafter, either electronically or by check.

Is 24/7 Lending Group a Scam?

Based on our research, 24/7 Lending Group appears to be a legitimate business. However, the company’s target market is individuals with poor or no credit, which means that the majority of their loans are going to carry high interest rates. Because these high rates can also accompany steep late fees and other types of penalties, they can ultimately leave consumers saddled with much more debt than the original loan amount.

With this in mind, it’s typically a good idea to stay away from “personal” or “payday advance” loans, as they can spiral out of control fairly quickly. However, if you absolutely must take out this type of loan, 24/7 Lending Group appears to be a good resource for finding one that best meets your needs.

The company even goes so far as to screen prospective lenders for any indication of being a scam, such as requiring you to pay money upfront, or to add funds onto a prepaid debit card, in order to act as “insurance” for your loan. They also maintain a strong online presence regarding customer questions and complaints, which is a good sign that the company cares about its public image, as well as their customers’ overall experiences.

Pros

  • Completely free, and easy to use.
  • Ability to cancel the loan process at any time, without having to worry about incurring penalties or fees.
  • Receive a response within 24 hours (sometimes immediately), and have your cash quickly thereafter.
  • Can be a good resource for customers with poor or no credit.
  • Most customer feedback appears to be positive.

Cons

  • Many personal and/or payday advance loans can carry unfavorable terms, so make sure you fully understand your contract before signing.
  • Because 24/7 Lending Group specializes in clients who have poor or no credit, APRs can be higher—in some instances, much higher—than more traditional lending services.

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88 Customer Reviews for 24/7 Lending Group

Average Customer Rating: 4.6
Rating Snapshot:
5 stars: 75 4 stars: 6 3 stars: 0 2 stars: 0 1 stars: 7
Bottom Line: 93% would recommend it to a friend
Showing 1-11 of 88
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  • 11 out 12 people found this review helpful

    Got me out of a bind

    • Atlanta, GA,
    • Sep 26, 2016

    I was hit with thousands of dollars of unexpected expenses.

    I contacted 24/7 Lending Group and after providing my information I was approved for more than I even asked for (which I did not take). I just had my first payment automatically withdrawn from my account with no issues.

    So far so good.

    I know the interest is higher than I would like, but when you are in a bind and need money fast, I would recommend them.

    Bottom Line: Yes, I would recommend this to a friend

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  • 9 out 11 people found this review helpful

    Great experience!

    This loan was very easy to apply for. Just emailed the few things they needed and was funded the next day. I would recommend them to anyone looking for a reasonable loan.

    Bottom Line: Yes, I would recommend this to a friend

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  • 16 out 18 people found this review helpful

    24/7 Lending Group

    I used this service to find a lender for an un-secure loan. Through 24/7 I was able to do this, which was a huge help for me. In fact I had the money in my account within 48 hours. It was quick and easy. The only draw back to this is a slightly higher interest on the loan, but the terms were agreeable.

    Bottom Line: Yes, I would recommend this to a friend

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  • 13 out 14 people found this review helpful

    Good Service

    Good website to use. Application process was really easy a got an approval in less than an hour. I would highly recommend this website when you really need a loan.

    Bottom Line: Yes, I would recommend this to a friend

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  • 8 out 10 people found this review helpful

    Quick and Easy Loan

    • Boise, ID,
    • Jul 7, 2016

    The whole process was quick and painless. The individual I worked with was very patient and helpful.

    Bottom Line: Yes, I would recommend this to a friend

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  • 13 out 15 people found this review helpful

    Fast, convenient, and easy platform

    • Charlotte, NC,
    • Jun 20, 2016

    Great experience. Very easy platform to use in entering information. Really quick response times in terms of approval and loan offers. Overall, very easy, convenient, quick, and helpful system that I would use again, and would definitely recommend.

    Bottom Line: Yes, I would recommend this to a friend

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  • 9 out 10 people found this review helpful

    Helpful service

    • AL,
    • Jun 13, 2016

    I am pleased with your service. I was given the name of a lender that matched my needs on a Friday and funds were deposited to my account Monday. Now that is service.

    Bottom Line: Yes, I would recommend this to a friend

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  • 9 out 9 people found this review helpful

    Great Service!

    24/7 Lending Group is an angel in disguise! No matter what your financial needs are, they will help you in your time of need.

    Bottom Line: Yes, I would recommend this to a friend

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  • 6 out 6 people found this review helpful

    Great and Fast Service

    The lady that helped me out gave me all my options and the prices were right. And I got the money fast.

    Bottom Line: Yes, I would recommend this to a friend

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  • 31 out 34 people found this review helpful

    REALLY?

    • Orlando, FL,
    • May 10, 2016

    I came across 24/7 Lending.com, read the reviews. EVERYTHING seemed legit. As soon as I get on and fill out the basic information it asks me to JOIN a service to get my FICO score. I didn't do this because I have Lifelock and don't need this $39.95 membership. I know what my beacon scores are. Also said I would hear something back within minutes to hours, that didn't happen either. I came home from work and checked my email. It said" "Good news. There are several lenders ready to serve you." I was like: "Okay." They asked for my social and other employment info, so I put it all in. As soon as I hit submit, 1 minute later I get a message that said, "Sorry we can not help you. We will send you to someone who can." My fICO score is 677 which is good, I make almost $40k/year and I've been employed as a FedEx driver for the last 3.5 years. This site is a joke and I'm not sure who wrote their reviews but they are definitely BOGUS.

    Bottom Line: No, I would not recommend this to a friend

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    Comments (3)
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    • May 13, 2016

      Jordan Robbins, Owner

      Hello,

      I would like to address these concerns/issues. We work with many different lenders. Some that only accept good credit, others only bad and some both. We route applications based on several key variables including but not limited to credit score, loan amount, total debt, loan purpose and where the consumer lives. Credit score is one of the most important filters we utilize.

      Since we route applications based on credit scores, we provide an option for applicants to obtain their current, up-to-date credit scores. Many applicants either do not know their credit scores or haven't viewed their credit in quite some time. Therefore, providing a trusted on site option for consumers to obtain their credit scores and reports from is a logistic part of our business model. This service is totally optional.

      On the first part of our app we put your info through our lenders' algorithmic filters and determined that the lenders we have emailed you about were the best fit for you. That was not a guaranteed approval. Once the additionally requested info was collected and all your info presented to the lenders, they determined they could not fund your request.

      We process several thousands apps per day and do help people of all credit types but unfortunately cannot help everyone. We do not guarantee approval. There are several key variables lenders look at when determining approval including but not limited to loan amount compared to your total debt and income (can't apply for a loan you aren't going to be able to afford payments on), your employment history, residence history, open credit lines, payment history (lates and/or defaults), use of payday loans, etc.

      Wish you would have taken the time and emailed us direct as we could have helped clear things up and potentially assisted you further with your financial request offline. I apologize you were not happy with your experience.

      Anyone with any questions or concerns prior to applying, please feel free to reach out and contact us at support@247lendinggroup.com. We've been helping consumers achieve their financial goals since 2001 and take pride in being a premier, reliable and trustworthy service provider.

      Regards,

      Jordan Robbins

    • Jun 3, 2016

      wes

      The customer service I got was horrible and I was hung up on when asking questions. All I got when going through the loan process was a pushy woman with her notepad of lines to throw at me to get me to sign up for some credit repair. Absolutely the biggest waste of time.

    • Jun 8, 2016

      Russ

      I am not really sure about this company. While they say they won't pull a hard credit report their associated companies will. It seems they like to deal with Advent a lot. My credit is good but I really don't use credit often. Cash has always been king. I just wanted to set something up before retiring. The real problem for a customer is if all their associates pull hard reports it will effect your credit score a lot negatively, especially if they reject your application. The best advice is to check with online lenders yourself and choose one after talking to them directly, because applications like this are just processed by a computer model. Have a recent credit report you pulled, because it will not effect your score, and fax it to them. Sites like this are not really beneficial for people who have been responsible for their spending and don't like to use credit that much.

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  • 8 out 10 people found this review helpful

    Lower rates and great responses!

    I am on the road to financial recovery and I wanted to payoff all of my personal loans along with bringing all of my bills up to date but who believed in me? Not the banks, no peer groups and certainly not the any club but 24/7 Lending Group hooked me right up with the great lender with a decent APR. Not more payday loans for me. I'm keeping my money pockets on the right track and these guys made it possible in an easy and quick response time. I am truly thankful!

    Bottom Line: Yes, I would recommend this to a friend

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    Comments (2)
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    • Apr 24, 2016

      Jordan Robbins, Owner

      Thanks for the review Linda... Obviously the 1 star is a mistake :)

    • Jun 3, 2016

      wes

      Horrible customer service.

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Showing 1-11 of 88

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