Balance Credit Reviews
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About Balance Credit
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
- No prepayment penalties
- No application fee
- Funds as soon as one business day
- Max loan amounts vary by state
- Limited availability
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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- 4,534,748 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
Balance Credit Company Information
- Company Name:
- Balance Credit
- Website:
- www.balancecredit.com