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.

Want to Learn to Shop Smarter and Scam-Proof Your Life?

Join over 2 million HighYa readers who receive weekly how-to guides, tips & reviews and get a FREE COPY of our 145 Scam Hacks e-book. Enter your email below to get started!

78 Customer Reviews for 24/7 Lending Group

Average Customer Rating: 4.6
Rating Snapshot:
5 stars: 66 4 stars: 6 3 stars: 0 2 stars: 0 1 stars: 6
Bottom Line: 94% would recommend it to a friend
Showing 1-11 of 78
Sort reviews by:

  • 2 out 2 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

    Help others find the most helpful reviews

    Was this review helpful?

    yes no
    Comments (1)
    View all 1 commentsHide comments
    • Apr 24, 2016

      Jordan Robbins, Owner

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

    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

    Cash deposited in 48 hours

    This service helped us out of a jam after a recent kitchen fire. Interest rates are high, but I had several choices in order to get a lower re-payment fee. If you are capable of making your payments on time and can handle taking the interest blow, it is worth it 100%. We had our loan deposit within 48 hours. I appreciate the fast service, as we needed help right now and they came through and found us a lender.

    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

    Resturant Owner

    My experience was great! From the moment I put in the online application from the time money was in hand was within 72 hours. Easy process. We will definitely use them in the future for other financial needs.

    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

    Wonderful

    They were fast, and the process was easy. They walk you through it all, and I had my loan approved in less than three hours.

    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

    Better than other "big name" companies

    • IL,
    • Mar 30, 2016

    After a major loan matching company "claimed" they could not fine a match due to fair credit scores, I searched elsewhere. I came upon 24/7 Lending Group and filled out the information needed. Within an hour or so, I was approved for a home improvement loan. I was very impressed at how quickly and easy it was to work with 24/7. Thank you!

    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

    Quick and easy

    Found the lender that would loan more than the normal of $1000.00 that some use. Was grateful for that, as more was needed.

    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

    Good experience

    • Dallas, TX,
    • Jan 28, 2016

    My experience with 24/7 Lending, was a pleasant one. They really had put forth their best effort in matching me up with a prospective and promising lender.

    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

    Super easy and fast!

    • Cleveland, TN,
    • Jan 21, 2016

    The process was so easy to complete and the funds were delivered into my bank the next morning! Thanks for the cash I needed.

    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

    Easy

    • Alpharetta,
    • Jan 6, 2016

    Quick and easy, fast decision.

    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

    Easy application and quick approval and funding

    • Watchung, NJ,
    • Jan 6, 2016

    Needed to consolidate bills after the New Year, the process to get solid offers was easy and in less than a few hours, was approached with offers. Applied and was approved quickly. Was funded with loan proceeds as promised, within a few days.

    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

    Exactly right!

    • Sparks, NV,
    • Dec 3, 2015

    I received the exact type of loan to consolidate my debts at a monthly savings with the new loan. Thank you!

    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 78

Write a review for 24/7 Lending Group!

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

Write a Review