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AUTHORIZED PARTNER

Balance Credit

Balance Credit
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Overall Satisfaction Rating 4.74/5
  • 5 stars
    37
  • 4 stars
    9
  • 3 stars
    1
  • 2 stars
    1
  • 1 stars
    0
Based on 48 ratings submitted in the last year

Balance Credit is an unsecured loan provider that specializes in installment loans. With Balance Credit, you can qualify for a loan up to $5,000, depending on the state you live in, and receive funds in as little as one business day.

BOTTOM LINE

Balance Credit offers installment loans up to $5,000. Balance Credit doesn’t charge prepayment or application fees, making it a solid option for consumers who want an alternative loan.

PROS

  • No prepayment penalties
  • No application fee
  • Funds as soon as one business day

CONS

  • Max loan amounts vary by state
  • Limited availability
Balance Credit Learn More

What is Balance Credit?

Balance Credit is an online personal loan provider that offers services for those in search of installment loans. Balance Credit’s loans are unsecured, which means they don’t require collateral. These loans can provide an alternative to payday loans, which are typically for smaller amounts.

Balance Credit doesn’t charge application or prepayment fees, and you can receive funding in as little as one business day, depending on when you’re approved for a loan. Balance Credit’s loans are only available in 12 states.

How does Balance Credit work?

If you’re interested in applying for a personal loan with Balance Credit, visit its website and start filling out your application. Balance Credit starts by determining your eligibility by asking you for personal information like:

  • Your address
  • Your employment status
  • The intended purpose of your loan
  • Your Social Security number
  • Your date of birth

If Balance Credit approves your application, you’ll receive your funds by direct deposit as soon as the next business day.

Balance Credit rates

Balance Credit’s loan rates vary depending on the state you live in and the amount you need. Other key factors that can affect your loan rates include:

  • Your credit score
  • Your employment status
  • The purpose of your loan

To see your personal interest rate, visit Balance Credit's website and fill out an application.

Balance Credit FAQ

Is Balance Credit a direct lender?
Balance credit is a direct lender in some states. In other states, it connects borrowers with lending partners.
Does Balance Credit charge an origination fee?
No, Balance Credit doesn’t charge origination fees on its loans. You can view the full disclosure of your loan payments in your loan agreement.
Where is Balance Credit available?
Balance Credit is only available in twelve states: Alabama, Delaware, Idaho, Illinois, Mississippi, Missouri, New Mexico, North Dakota, South Carolina, Texas, Utah and Wisconsin.

Is Balance Credit legit?

Yes, Balance Credit is a legitimate company that can help you get quick funds if you’re in a pinch. While the company has limited availability and higher APRs than traditional lenders, Balance Credit is worth researching if you need a quick alternative to a payday loan.

Balance Credit Reviews

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Page 1 Reviews 0 - 30
Rated with 4 stars
Verified Reviewer Verified Buyer
Original review: Nov. 1, 2020

The application process which took 15 minutes or less was very simple. I did everything online then I did talk to someone to confirm my information. They're excellent. I got access to cash for short term needs. The only thing I do not like about Balance Credit is they do not make prepaying or paying off the loan earlier a simple process. There's nowhere on the website for that to be done. That's the only thing I would request that they change.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 30, 2020

    I have Balance Credit for years. I do the application online. It's kind of a torture because it keeps you going on and on over again, filling up your last quarter or the whole Social Security number. It's the same information over and over again. That's kind of crazy. They can work on shortening that a little bit. Other than that, I like the convenience of using Balance Credit. Every now and then, they give you discounts, but not too good. They could do a better discount, too. Still, I'm cool with them.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 24, 2020

    I got a flyer for Balance Credit, and I looked at it. It was easy to get on the website and do the application versus spending more time researching around. The timing was right for me receiving their flyer in the mail. I had an emergency arise. I decided to go ahead. I thought that the flexibility of being able to pay it back with your term was really helpful. The application process was very easy. The overall process was very straightforward and really quick. Balance Credit is very accessible, and that's what you need for when the emergencies do arise.

    3 people found this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 4, 2020

    I needed to pay for a medical bill and Balance Credit got back with me quickly. I've used them three times now and I don't like that their interest rate is really bad. I'm paying $310 for a $750 loan. Also, the other thing I would improve is it takes them a while to get to go through the banks once they pull things from your account. Times for me right now are really tough, so I'm making sure that I've got the funds in there to pay them ‘cause I don't wanna get behind.

    Be the first one to find this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 3, 2020

    Applying with Balance Credit was quite simple. I just put in my information online and the process took 10 minutes tops. Working with them was easy. They were very good about things. If I had to postpone a payment, they would postpone mine to the next payment date and it would be fine. It's pricey but if anyone needs money, Balance's service is good.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: April 9, 2021

    I was rebuilding my credit, so I applied for a loan through Balance Credit. Then they just mailed a check, and I endorsed it and deposited it.

    Balance Credit response

    Thank you, Gary, we really appreciate the feedback!

    Be the first one to find this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: March 16, 2021

    The process from beginning to end took a little bit of time but not very long. Using Balance Credit was easy and I've had a very good experience.

    Balance Credit response

    Thank you, Tracy, we really appreciate the feedback!

    Be the first one to find this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: March 12, 2021

    Their application process seemed simple. I did everything online.

    Balance Credit response

    We’re so happy to hear about your positive experience, Neesan!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: March 4, 2021

    The application with Balance Credit was easy. It's just it was hard to get in touch with them. That aside, I like the service and I've used them twice. They help me out when I need it and I appreciate that.

    Balance Credit response

    Thanks, Don, we really appreciate the feedback!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: March 3, 2021

    I was under a financial burden and I tried Balance Credit. Their application process was fairly easy. Balance Credit is a good place to do business with. They are easy to work with and working with them helped a lot.

    Balance Credit response

    Dora, thank you for the feedback. We’re so glad you chose Balance Credit as your financial partner!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: March 2, 2021

    Balance Credit was convenient. I like the online process the most. The application was very easy. I got the loan in a day and I'm very satisfied with the timeframe.

    Balance Credit response

    Thank you for the positive review, Jacob! We’re glad the process was quick and easy!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: March 1, 2021

    The application from beginning to end took less than half an hour then there was some follow-up. I wish Balance Credit was less expensive but that was the only alternative. It was helpful and perfect at the time that I needed it.

    Balance Credit response

    Thank you, Jane, we really appreciate the feedback!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Feb. 26, 2021

    The experience is good. Balance Credit is helping me and lets me refinancing. I just wish they make sure that as customers pay on time, to get a little bit increase.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Feb. 25, 2021

    Our experience with them has been good. The application process wasn’t that long.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Feb. 19, 2021

    The application process with Balance Credit was quick and easy, and they instantly approved it. They saved me in a couple of emergencies.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Feb. 16, 2021

    The application process at Balance Credit was easy and quick. I called because I wanted to make sure that it went through and they said that they were still doing underwriting to make sure that I would be approved. The lady was nice on the phone.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Feb. 15, 2021

    Balance Credit was offering what I needed. Their application process was very easy. I had a very good experience with their reps.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Feb. 5, 2021

    Applying with Balance Credit was very easy and it took about 20 minutes. Working with them got me out of a tough situation.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Feb. 4, 2021

    The process was fast and simple. I did everything online and it was easy. Working with Balance Credit was convenient. There's not a whole lot of hassle.

    Balance Credit response

    Cassandra, thank you for the great feedback. We’re so happy you had a great experience!

    2 people found this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Feb. 2, 2021

    I had some extra bills that I needed to get paid and the application process with Balance Credit was not difficult at all. I received the loan the next day. Though I didn't speak with anybody as it was online, everything was good.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 23, 2021

    Signing up with Balance Credit took 10 minutes. I contacted their team because my application sat in pending status for a second. It was a good experience. Everything's self-explanatory.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 21, 2021

    Applying for a loan with Balance Credit was easy. I've just put it online.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 20, 2021

    I applied with Balance Credit because it was easy and convenient. The application process wasn't that long, maybe half an hour. This is one of the easiest processes and their reps are very good.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 19, 2021

    Balance Credit is great. I've been dealing with them for two years now and it's been super. I love it. I did an application Saturday and Monday it was there. I would refer people to them.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 18, 2021

    The application process was simple and the customer service was great. They answered all of my questions that I needed answered. It’s easy to do business with Balance Credit. As long as you got a halfway decent credit, you'll get a loan.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 5, 2021

    I have gotten many loans and never had an issue. This is the best payday loan company I have ever dealt with. So this is the only one I use now. Each loan my interest rate has gone down I love that. Always there when I have a life emergency!

    3 people found this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 5, 2021

    I liked Balance Credit's payment system. It’s not too bad like these payday loans. I've used them twice, and then I refinanced this last time. The process was easy. I've had no problems with it. I did it all online and since I read slow, it took 10 minutes.

    Be the first one to find this review helpful
    Rated with 2 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 23, 2020

    I just borrowed for I believe the 3rd time...First two no issues. Borrowed this time and the next day did not need the loan. Contract says I have 3 days to rescind...I did and it was not taken out of my account as requested. After finally reaching someone on the phone I was told it was too late...You all were late not me. So the person said I must pay 1499.12 to pay the loan off which I did. I should not have had to pay basically 100 bucks to send you back your money as I held to the contract.

    4 people found this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 23, 2020

    I am pleased with the response time to my applications for loans. However, I am not pleased with my credit limit. I also would like to have longer to repay the loan because smaller monthly payments would be helpful to me.

    2 people found this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 10, 2020

    I needed some extra help and applied for a loan with Balance Credit. The process was easy. They're available if you have needs.

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    Balance Credit Company Information

    Company Name:
    Balance Credit
    Website:
    www.balancecredit.com