Balance Credit

Balance Credit Reviews

Balance Credit Reviews
4.3(341)

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Overall Rating4.3 out of 5
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About Balance Credit Reviews

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.

Pros & Cons

Pros

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

Cons

  • Max loan amounts vary by state
  • Limited availability

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.

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 24 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 24 states:

  • Alabama
  • Alaska
  • Arkansas
  • Arizona
  • Delaware
  • Florida
  • Idaho
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • Ohio
  • Oklahoma
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Washington
  • 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 - 5
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Customer ServicePunctuality & SpeedStaff

Reviewed May 9, 2023

They are always awesome. I've been using them since 2016. It took five minutes after they verified everything and the money was in the account the next morning. I've never had a problem with communication. I did everything via text message with my loan person. I went in there and I received an email. When I got the email that I was already pre-approved, I filled out everything and I got an answer back via text message and it was super fast. When people need money really quick, especially when it's being taken out of their check, Balance Credit has never had a penalty for paying off early. It just comes directly out of my checking account. They're a good place. I like them.

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Response from Balance Credit

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

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    PricePunctuality & SpeedStaff

    Reviewed May 7, 2023

    They had the best rate available for a short-term loan. Unfortunately, these types of loans have exceptionally high interest, but in a pinch, they were available and there was no hassle. I went online and applied and the process was pretty cut-and-dry. So it didn't take a long time. It was pretty easy. I used them a few times. I usually pay off in full pretty quick. The quicker I pay it off, the less the total amount is. They don't charge you for pre-paying. They got most of my stuff stored. I use them in a pinch right now when I need to. The whole process takes less than 10 minutes and as a returning customer, it takes me about two minutes to do now. They usually get the money in my bank within the same day.

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    Balance Credit
    Response from Balance Credit

    Thank you for the great feedback, David. We’re glad the process was quick and easy!

    Verified purchase
    Customer ServicePrice

    Reviewed April 21, 2023

    Balance Credit had low premiums. Their process was easy and user-friendly. Customer service addressed all my concerns. The application took less than five minutes and I was approved in about 10 minutes time. It was through the mail correspondence and it said, "You're approved up to so much." My payment plan was based on the approved amount and they do an automatic withdraw. Balance Credit got me out of a bind. Only use this service for emergencies because the interest is fairly high. Make it your last resort. I wish it would have lower rates because I've been a customer for quite some time and I'm still at a higher rate.

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    Balance Credit
    Response from Balance Credit

    Marisa, thank you for the feedback! We’re so happy you were able to get the funds you needed.

    Verified purchase
    Customer ServicePunctuality & SpeedOnline & AppProcess

    Reviewed April 19, 2023

    Balance Credit has easy access, an online process, streamlined, and quick funding. Within a few minutes, you know where you stand and the next day, it gets funded. I have used the service on and off now for about four years. Being a repeat customer, they already have information online for quick funding and a full process. If things happen again in the future, I can go back there. I know what to expect. It’s just a quick solution to get over a little bump and get back in line, but it's not a permanent fix. In a week or two, I give them back their money. I've told friends about Balance Credit before and I recommended people that need to get over something real quick. They've used it and they liked it, too. So, I have recommended it.

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    Balance Credit
    Response from Balance Credit

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

    Verified purchase
    Punctuality & Speed

    Reviewed Jan. 21, 2023

    My Experience was satisfactory. I was offered 3010.00, I looked into the offer and found out that I was eligible for 1000.00. I applied for the 1000.00 and was quickly approved. The loan agreement papers came up quickly, Too quickly. I was unable to review them prior to accepting the loan. When I did agree to the terms of the loan and electronically sign, it was then that I found out that this refinance was paying off my previous loan and received only 489.00. I would have been more satisfied if I was not rushed through the process and had been able to learn that my previous loan was going to be paid off with this new loan agreement, That being said, I might not have agreed to the offer. However I am satisfied with the help from what I got, It came at an Ideal time. Thank you.

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    Balance Credit
    Response from Balance Credit

    Thank you for the feedback, John. We really appreciate it!

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    Price

    Reviewed Oct. 1, 2023

    My experience with Balance Credit, have been the best. With the cost of things today, I have to continue to borrow at times from Balance Credit. I would pay off my loan. And with weeks I have to borrow again. They always approve me a loans, I really really appreciate Balance Credit. Thank you, you are the best.

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    Balance Credit
    Response from Balance Credit

    Sherron, thank you for the positive review. We’re so happy you were able to get the funds you needed!

    Verified purchase
    PricePunctuality & SpeedOnline & App

    Reviewed Sept. 30, 2023

    I was emailed an offer to refinance the loan I had with Balance Credit. After some consideration, I decided to accept the offer. The application process was extremely quick and easy. The interest rates are abhorrent; but, one does what they can, 'til they can do better. This is my third loan with BC.

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    Balance Credit
    Response from Balance Credit

    Thank you for the review, Joselyn. We’re so glad you chose Balance Credit as your financial partner!

    Verified purchase
    Customer Service

    Reviewed Sept. 24, 2023

    Didn’t receive a phone call or email about account numbers. I resent the correct information and still no follow up. Spoke with customer service and they said wait a few days. Pls let me know what happened with the loan. I really expected it last week. I really don’t understand what happened.

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    Resolution In Progress
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    Punctuality & SpeedOnline & App

    Reviewed Sept. 23, 2023

    The application process at Balance Credit was easy and quick. I knew I was approved within an hour after submitting it online. The funds were transferred within 24 hours as well.

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    Balance Credit
    Response from Balance Credit

    Thank you, Michael. We’re so glad the process was quick and easy!

    Verified purchase
    Online & AppStaff

    Reviewed Sept. 12, 2023

    I like that Balance Credit gives you a little bit higher limit than others. Everything was also done online. I contacted them to defer a payment and they took care of it. They were professional and helpful. Their website is also very helpful.

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    Balance Credit
    Response from Balance Credit

    Thank you, Douglas. We’re so glad to hear you had a great experience with Balance Credit!

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    Balance Credit Company Information

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