Turbo Money, which is headquartered from TurboMoney.co, is an online loan matching network that connects loan applicants with online lenders.
Supported loan amounts range from $100 to $35,000 while the overall application process takes an estimated 2 to 3 minutes to complete.
Rendering approval verdicts and fund delivery as soon as the next business day, we will be going over the ins-and-outs associated with TurboMoney throughout this unbiased review.
What is Turbo Money?
Turbo Money is not a direct lender, but rather an online platform that renders loan matching services.
Working with a select group of online lenders, Turbo Money can reduce a consumers loan acquisition process significantly while rendering them with more competitive loan offers.
According to their site, Turbo Money renders a loan approval verdict within 90 seconds while the overall application process should take no more than a few minutes to complete.
Who is Behind Turbo Money?
TurboMoney.co is owned and operated by Stop Go Networks Limited.
For those of you who are familiar with our domain, you may have noticed how TurboMoney is operated by the same corporate entity as 24/7 Dollar Loan, another loan matching network.
According to the footer of TurboMoney.co, Stop Go Networks Limited reflects the following corporate address: 515 E Las Olas Boulevard, Suite 120, Fort Lauderdale, FL 33301.
Upon further investigation of their corporate address, the Better Business Bureau has connected the address with a separate loan servicing entity known as Eagle Cash Loans.
Additional search queries conducted through the Better Business Bureau fail to churn up any credible corporations known as Stop Go Networks Limited within the United States.
When we had received 24/7 Dollar Loan, we strung together that Stop Go Networks Limited was a UK based corporation.
However, given the recent information we are uncertain whom the true entities behind TurboMoney.co truly are.
How does Turbo Money Work?
The loan application process with Turbo Money is simple and easy to complete.
To become eligible to request a loan through Turbo Money you must meet the following requirements:
Eligibility Requirements
- Be 18 years of age and a U.S. citizen
- Minimum regular income of $800 per month
- Have a valid checking or savings account with direct deposit
During the application process, loan applicants will be required to share personal information such as their residing zip code, first and last name, telephone number, email address along with banking and identifiable information that can be used to verify your identity.
According to TurboMoney.co, applicants of all credit histories are able to apply, granted they surpass the eligibility requirements above.
To determine credit worthiness, the lenders supported by TurboMoney may conduct credit inquiries with credit bureaus such as CLVerify, Teletrack or DP Bureau, which may affect your credit.
As we briefly touched upon above, after you complete the application process you will be rendered a loan approval verdict within 90 seconds.
If a borrower has been approved they will be redirected to a page with various loan offers from supported Turbo Money lenders.
The advantage of utilizing a loan matching network like Turbo Money would be that consumers can reduce their loan acquisition process, receive more competitive offers while also being able to secure more than 1 loan at a time.
Rates & Fees
Rates and fees are not shared at TurboMoney.co.
According to their platform, annual percentage rates along with other loan rates and fees are dependent upon which lenders have approved your loan request.
Unfortunately, TurboMoney.co does not disclose their network of supported lenders.
Contacting Turbo Money
If you are experiencing any problems with your loan, Turbo Money advises consumers to contact their lender directly.
For consumers who are looking to reach out to Turbo Money they are encouraged to call (855) 549-4786 or email info@turbomoney.co.
Domain Insight
TurboMoney.co was an openly registered domain that was registered on January 16th, 2017 by Stop Go Networks Limited.
The registrant information found in the WHOIS report will reveal that Stop Go Networks Limited is based out of Scotland, GB.
Which directly contradicts their alleged U.S. office address.
According to SimilarWeb, TurboMoney.co does not appear to be a popular site and reflects a global rank of 1,784,262 with a US rank of 370,230 as of November 27th, 2018.
Is TurboMoney.co Safe to Use?
During the time of writing this review, there was no negative feedback to suggest that TurboMoney was an unsafe loan servicing platform to use.
Given the questionable ownership information shared above though, we are only advising consumers to utilize Turbo Money at their own risk.
TurboMoney.co Review Conclusion
TurboMoney.co is an online loan matching network that helps U.S. consumers secure personal loans up to $35,000.
The loan application process only takes a few minutes to complete while approval verdicts are rendered in 90 seconds or less.
Before committing with TurboMoney, we advice consumers to consult below for any potential insight shared by consumers and to exercise caution.
We invite you to share any experiences, feedback or insight that you may have below!