247LoanExpress is a loan matching service that matches individuals looking for personal, unsecured installment loans with interested lenders.
What Is 247LoanExpress?
247LoanExpress is owned by Stop Go Networks, a company founded in 2010 that specializes in online loan lead generation for the lending industry.
Stop Go Networks has a network of more than 100 lenders, and thousands of affiliates, in both the UK and in the United States, and works to provide quality leads to lenders that offer payday loans, installment loans, and car finance loans.
As a US-based lender matchmaking service, 247LoanExpress is managed from the New York offices of Stop Go Networks.
The product offered by 247LoanExpress is its lender matchmaking service. The company will collect some personal details from applicants; then, based on those details, will search its network of lenders and attempt to find the best match.
247LoanExpress claims to work with lenders that can provide up to $35,000 in installment loans. The requirements to qualify for loans vary by lender, but generally include being 18 years of age, having a checking account, and making at least $800 a month in income.
However, potential borrowers living in some locations in the United States, such as the state of New York, are unable to use the service.
There is of course an opportunity here for anyone who satisfies the minimum qualifications for a loan – the ability to become a borrower. This can be an advantage for a wide variety of individuals looking for emergency funds or just a small mount of additional revenue.
However, there may be other opportunities as well. No Stop Networks, the owner/operators of 247LoanExpress, claims to have an affiliate program.
However, no distinct or explicit information is available on any affiliate opportunity; instead, interested parties are instructed to fill out an online form for more information.
Online lending can be a lifesaver for anyone in a situation that requires it, especially in the event of a financial emergency. However, there are some things that you should know about before taking out a loan online.
First, be aware that 247LoanExpress does not provide loans directly. Instead it simply matches prospective borrowers with interested lenders, and as a result it has no say on the terms and conditions of loans offered to borrowers.
If you do find a loan through 247LoanExpress, be diligent in reading and understanding the terms of the loan before agreeing to anything. It's highly recommended that you don't borrow more than you can afford to repay.
Additionally, you may want to research the lender you're matched with to ensure they are a legitimate business.
Second, be aware that you are giving 247LoanExpress sensitive personal information.
The company claims to keep your personal details safe, but there have been more disreputable companies acting as loan matching services that have been little more than scams created to collect personal information for identity theft.
There is no indication that 247LoanExpress or its parent company is anything but legitimate, though; additionally, since its parent company has been in business since 2010, using 247LoanExpress is likely to be moderately safe for those who are careful.
Finally, a word must be said for anyone looking to become involved in an affiliate program. There is no information available on the 247LoanExpress website concerning affiliate memberships.
However, navigating to the main Stop Go Networks site provides some information on the subject, though this does not go into very much detail, and then prompts interested parties to fill out a form on the website.
With no concrete information on the affiliate opportunity available, we cannot provide any recommendations or insight, positive or negative, on any affiliate opportunities the company might provide.
Whether you're looking for an installment loan or an affiliate opportunity, you're essentially on your own with 247LoanExpress, as there's just not enough information for us to make a recommendation either way.
Make sure you research everything exhaustively before becoming involved to any degree; be careful and you should be fine, however.