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.

50 Customer Reviews for 24/7 Lending Group

Average Customer Rating: 4.6
Rating Snapshot:
5 stars: 42 4 stars: 4 3 stars: 0 2 stars: 0 1 stars: 4
Bottom Line: 92% would recommend it to a friend
Showing 1-11 of 50
Sort reviews by:

  • 2 out 2 people found this review helpful

    24/7 Lending is fast and user friendly

    • Denver Colorado,
    • Aug 19, 2015

    They are user friendly with fast response and very helpful tips. I had a great experience.

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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (0)
    View all 0 commentsHide comments

    Do you have an account? Log In before commenting.

    (If you don’t have an account – don’t worry, you can create it after)


  • 2 out 2 people found this review helpful

    Legit

    • South Carolina,
    • Aug 19, 2015

    24/7 Lending Group Service was fast and legit!

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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (0)
    View all 0 commentsHide comments

    Do you have an account? Log In before commenting.

    (If you don’t have an account – don’t worry, you can create it after)


  • 1 out 1 people found this review helpful

    Great Loan Experience

    • Lake Placid, FL,
    • Aug 3, 2015

    The experience was surprisingly fast and the loan officer was super friendly. I was skeptical at first, but now I will recommend this service 100%.

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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (0)
    View all 0 commentsHide comments

    Do you have an account? Log In before commenting.

    (If you don’t have an account – don’t worry, you can create it after)


  • 3 out 4 people found this review helpful

    Very fast and efficient loan.

    • Royal Palm Beach, FL,
    • Jul 7, 2015

    I applied for and received my loan direct deposited to my checking account in under 5 days. I was very impressed with the speed to complete this loan.

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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (0)
    View all 0 commentsHide comments

    Do you have an account? Log In before commenting.

    (If you don’t have an account – don’t worry, you can create it after)


  • 1 out 2 people found this review helpful

    Quick and Easy

    • Wiggins, Mississippi,
    • Jul 6, 2015

    Wonderful site. Easy to do and quick service.

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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (0)
    View all 0 commentsHide comments

    Do you have an account? Log In before commenting.

    (If you don’t have an account – don’t worry, you can create it after)


  • 0 out 1 people found this review helpful

    Positive response

    • Grovetown, GA,
    • Jul 6, 2015

    I had tried several lenders before, and all I got was denial. It seemed hopeless for me. I had never heard of 24/7 Lending Group, but I am glad I found them, or visa-verse. They helped me financially, and I was quite amazed at the quick response, and it was a positive response. Give 24/7 Lending Group a try you will not regret it.

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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (0)
    View all 0 commentsHide comments

    Do you have an account? Log In before commenting.

    (If you don’t have an account – don’t worry, you can create it after)


  • 1 out 2 people found this review helpful

    Quick, Easy and Painless

    • Colorado,
    • Jul 6, 2015

    24/7 Lending Group's loan process was quick and easy with great customer service. They came through when no one else would. I would definitely recommend and use their services again!

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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (0)
    View all 0 commentsHide comments

    Do you have an account? Log In before commenting.

    (If you don’t have an account – don’t worry, you can create it after)


  • 0 out 1 people found this review helpful

    Great Experience

    I applied for a loan to help with business expenses. It was a quick, and easy process. I had a great experience using this company, and would use them again in the future.

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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (2)
    View all 2 commentsHide comments
    • Jul 12, 2015

      Denise

      My balloon mortgage is due. Do they lend money other than payday loans like to be paid back in 4 years or less?

    • Jul 13, 2015

      Jordan Robbins, Owner

      Absolutely! We specialize in loans that range from 1 - 6 years.

    Do you have an account? Log In before commenting.

    (If you don’t have an account – don’t worry, you can create it after)


  • 1 out 2 people found this review helpful

    Consolidate loan

    • Atlanta, GA,
    • Jul 6, 2015

    The whole process was quick and easy. I got my Loan in matter of days. I would highly recommend this company. Thanks for all the help.

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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (0)
    View all 0 commentsHide comments

    Do you have an account? Log In before commenting.

    (If you don’t have an account – don’t worry, you can create it after)


  • 3 out 4 people found this review helpful

    Excellent job

    • Kirkland WA,
    • Jun 2, 2015

    They do a great job and provide great service.

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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (0)
    View all 0 commentsHide comments

    Do you have an account? Log In before commenting.

    (If you don’t have an account – don’t worry, you can create it after)


  • 3 out 4 people found this review helpful

    So Fast!

    24/7 Lending Group was amazingly fast and easy!

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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (0)
    View all 0 commentsHide comments

    Do you have an account? Log In before commenting.

    (If you don’t have an account – don’t worry, you can create it after)


Showing 1-11 of 50

Write a review for 24/7 Lending Group!

Share your experience to help others avoid scams & discover great products!

Write a Review