Balance Credit

Balance Credit Reviews

Balance Credit Reviews
4.3(419)

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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

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

Stars Rating

  • 64%
  • 17%
  • 7%
  • 6%
  • 6%

Popular Mentions

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    How do I know I can trust these reviews about Balance Credit?
    • 4,464,082 reviews on ConsumerAffairs are verified.
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    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Page 1 Reviews 0 - 5
    Verified purchase
    Customer ServiceStaff

    Reviewed April 24, 2024

    I had gotten an email saying that I was able to refinance a loan that I had with Balance. It gave me a date, which was over the weekend, and I missed that date. I called that Monday or Tuesday and told them I got an offer but it just expired. I asked if I could still take good on the offer and they said no, but they really couldn't explain why it was just for that allotted amount of time. I didn't understand why the offer would just be for five days and I was curious what the difference is in that five days versus on the sixth day. But they were not very helpful and I don't know if it was a language barrier or something.

    Balance Credit
    Balance Credit
    Pinned

    Thank you, April. We really appreciate the feedback!

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      Customer ServicePrice

      Reviewed Feb. 3, 2024

      Pleasant, professional, understanding, no pressure, very flexible, good communication, the company goes over the entire process with you and afterwards ask you if you have any questions, and before getting off the phone they ask is there anything else that they can do for you which I thousand was nice, the interest rate is a little high than I expected but I didn’t have to go through a lot of red tape to get the loan which made it easier for me since I was already stressed on trying to figure out how I’m I going to get a loan and from who, thank you.

      Balance Credit
      Balance Credit
      Pinned

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

      Verified purchase
      PricePunctuality & SpeedOnline & App

      Reviewed Dec. 8, 2023

      The application process was easy. I do everything online, and it took a couple of days to get the money. This is my second loan with Balance Credit. I paid the first one off. I started out rebuilding my credit so that I can buy a house. I'm a veteran, and over the last two years, I was able to build up my credit, but now, all of a sudden, the housing market is outrageous. So I'm not even gonna buy a house right now. Balance Credit gave me a loan when I needed it, but I used that loan to pay something else off. What I was trying to do didn't work, and now I have this big loan I gotta pay back.

      I pay on time, but the payment is so high, I'm having trouble paying my other bills and buying groceries. I'm gonna call Balance Credit and see if there's something they can do to redo it at a lower rate since I'm a repeat customer. They can still make plenty of money, but they need to lower their interest rates. It would also be really great if they had a way to select different payment plans on the website instead of just one big payment. That would be very beneficial, and I would like it more if they could do that. Overall, Balance Credit's rates are so high, but if I had a friend that was in dire straits and needed a loan, maybe I would recommend them.

      Balance Credit
      Balance Credit
      Pinned

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

      Verified purchase
      PricePunctuality & SpeedStaffProcess

      Reviewed Oct. 25, 2023

      I was broke and needed a quick good loan, and Balance Credit gave it to me. The whole process took less than four hours. Their interest rates suck. But if you need money, they give it to you as long as you pay it back. When I had to skip a payment once, they let me. Then they asked me when I thought I'd be able to make the payment and I asked if they could take half a payment the next time and another half a payment the following payment to break up the payment I missed, and they did that. They were very accommodating with what I needed at that time.

      Balance Credit
      Balance Credit
      Pinned

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

      Verified purchase
      PricePunctuality & SpeedStaffProcess

      Reviewed Oct. 10, 2023

      Balance Credit was good with me when I had troubles with stuff. It was easy to process and follow along with what they needed, and they typically answered quickly with the decision. They're easy to work with, they're super relatable with any issues I may have while asking to borrow money from them, and they're always willing to go above and beyond to help me out with what I need. I would call them. The wait time is usually long, which is normal. But they answered the questions quickly. They approved me based off of what they thought I could afford. And by that, they helped me pay off some hunger debts and have extra cash when needed. Living in each state has their own percentage, but if I couldn't pay regularly, they're usually good about making it affordable so I wouldn't fall behind.

      Balance Credit
      Balance Credit
      Pinned

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

      Verified purchase
      Punctuality & Speed

      Reviewed June 12, 2024

      The process for the loan was quick and painless, I received my money quickly, within a day during the week and 2 days max if I applied on a Friday. If you're in a bind, give Balance Credit a try. Thank you for being available for a quick money when you need it. Thank you Balance Credit!

      Balance Credit
      Balance Credit
      Pinned

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

      Verified purchase
      Price

      Reviewed June 3, 2024

      I am returning customer. I wish there was a option for weekly payments. That way it wouldn't be so stressful to the budget, doing bi weekly payments. That is why I had to do another loan. The way the economy is going today, and prices higher on everything needed to live, it is a VISCIOUS cycle.

      Balance Credit
      Balance Credit
      Pinned

      Thank you, Mike. We really appreciate the feedback!

      Verified purchase
      Staff

      Reviewed May 26, 2024

      They were there when I was in a bind and they helped me. I would recommend them very highly. They don't ask a lot of questions and you get your funds the very next day. I am very pleased with the service. Thanks for being there and giving me a chance.

      Balance Credit
      Balance Credit
      Pinned

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

      Verified purchase
      Customer ServicePriceStaff

      Reviewed May 25, 2024

      Customer service agent never got back to me about not wanting full amount and my concerns about 1st payment amount and interest rates. Money was placed in my account before the date I was told making things harder for me to handle. Was told no contract modification or ability to change amount. In my contract it said there was as long as was put in writing.

      Balance Credit
      Balance Credit
      Pinned

      We are so sorry to hear about your recent experience with Balance Credit, Tiffani. We are always looking for ways to improve our service. If you would like to further discuss your concerns, please reach out to our Customer Support Team at 855-942-2526 so we may better assist you.

      Sincerely,

      The Balance Credit Team

      Reviewed May 23, 2024

      My wife got a loan through this company for the amount of $2100. The payment agreement was 185 biweekly. Seven months and $3000 in payments later, the balance is only going up even after keeping up to date with all payments due to their ridiculous APR. This company preys on people who are desperate for money to get by, just to lock them into steep payments for extensive periods of time. This loan has been a financial parasite from the moment I've known the company's name.

      Balance Credit
      Balance Credit
      Pinned

      We are so sorry to hear about your recent experience with Balance Credit, Cole. We are always looking for ways to improve our service. If you would like to further discuss your concerns, please reach out to our Customer Support Team at 855-942-2526 so we may better assist you.

      Sincerely,

      The Balance Credit Team

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      Balance Credit Company Information

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