Balance Credit

Balance Credit Reviews

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
  • 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

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    How do I know I can trust these reviews about Balance Credit?
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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
    PricePunctuality & Speed

    Reviewed Dec. 22, 2024

    I have taken out a few loans with the company. The last one 1 month ago. I paid off. I had to rush to take another one because my brother in law passed away in my home with hospice care. I was grateful I was with him when he passed but now we needed funds to help with final arrangements. This company gave me my loan again very quickly. The interest is high. I'm trying to pay it off quick. That's the only drawback. I just had his funeral and I just want to pay this loan off but it's a challenge I have to face but that's the only drawback but it's worth it especially staying in good with this company and them helping me out in the worst time. Thank you for your business with me. I appreciate the help so very much.

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    Balance Credit
    Response from Balance Credit

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

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      Verified purchase
      Customer ServicePriceOnline & AppStaff

      Reviewed Dec. 21, 2024

      I've been using Balance Credit, and everything's been pretty good. I opted for their autopay feature, which makes managing payments straightforward and hassle-free. Using autopay is seamless; I set it up once, and everything works as expected. I initially heard about Balance Credit while searching for a personal loan. The main reason I applied with them was because I wasn't getting approved elsewhere, but Balance Credit gave me a chance.

      The application process was easy and very user-friendly. I only needed to speak with a rep about their finance options, and everyone I interacted with was friendly. The overall process took about 10 to 20 minutes. Since then, I haven't needed to contact their customer service.

      Overall, I would rate my experience with Balance Credit a 5. Their customer service also deserves a 5, as the team is very supportive. The marketing is pretty good; I'd rate it a 4, although I found the interest rates to be quite high, which I would rate a 3. However, their website and online tools are excellent, and I would give them a 5.

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      Response from Balance Credit

      Thank you, Benjamin! We’re so happy to hear about your positive experience.

      Verified purchase
      PriceProcess

      Reviewed Oct. 12, 2024

      Balance Credit is a decent company to apply for a loan with, whether you're going for something a little more short-term as an emergency or if you're looking for a long-term like one plans on opening a business. When I have needed Balance Credit services, it has been a lifesaver. On the flip side, it's a negative. One has to temper their decision-making when applying for a loan because Balance Credit makes it very easy. If you have more than one loan going on at any time between Balance Credit and any other company, you will find financial pitfalls.

      It has been an easy process the entirety of the time around. Balance Credit's lending process is very cut-and-dried, and all the information is right out in front. This is my ongoing fourth loan with them. The first time was 45 minutes while I skimmed the paperwork. Every other time after that, it has only been 15 to 20 minutes tops, just for re-verifying information. Balance Credit usually has some high interest rates. But as the system stands, it's well set up. Interest rates are generally calculated by somebody's credit score.

      The only thing that I would recommend somebody taking a look at is the website because there seems to be a lot of issues with that. It never recognized my device no matter where I logged in from, even if it's a device that I've used before. It always asks for security check-ups like text-based codes. And once it's logged in, once it would boot me out, it would require me to log in a second time with a second verification code.

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      Balance Credit
      Response from Balance Credit

      Thank you, George. We really appreciate the feedback!

      Verified purchase
      Customer ServiceOnline & AppStaff

      Reviewed Aug. 18, 2024

      Balance Credit's website is very user-friendly. I haven't been needing to call them. Whatever I needed, I was able to obtain through their website. And it's very easy to manage. Once I put my information online, Balance Credit called me to do a bank verification. I was on the phone and we called my bank right away to get the verification done. Once I signed my documents and submitted those, they said they would have that to me as soon as possible. They gave me a date. And the next day, I saw the funds in my account. Everything took three days tops. They were there at the time I needed a little something to help me out with the situation. And I've enjoyed them.

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      Balance Credit
      Response from Balance Credit

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

      Verified purchase
      Price

      Reviewed July 29, 2024

      Balance Credit is probably the best of all those companies that put out high-interest loans. I did the application online, and it was easy. It only took five minutes. However, this is a company that I only use out of necessity. They're one of those high interest loan companies that give loans to people that can't get loans anywhere else. Unfortunately, I don't have any stories where I can say, "Oh, I broke my leg. And I got a high interest loan from these people. And they helped me fix my broken leg." Every time I apply for a loan, it makes me sick to my stomach when I see how much I'm paying in interest, but it is what it is. The loan I got is for five months at 500% interest.

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      Balance Credit
      Response from Balance Credit

      Thank you, Michael. We really appreciate the feedback!

      Verified purchase
      Staff

      Reviewed Jan. 12, 2025

      I appreciate being able to acquire items and repaying the amount I owe over time. Thank you for for lending me money to repay. I hope to sell an image that I own of Jesse Woodson James and repay you far sooner than than you expected. Thanks again for working with me.

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      Balance Credit
      Response from Balance Credit

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

      Verified purchase
      Customer ServicePunctuality & Speed

      Reviewed Jan. 9, 2025

      I've had a positive experience with Balance Credit. Their loan process was quick and seamless, taking just a couple of days. Communication was mainly through email, and I found their online services to be efficient. So far, they've been reliable and haven't let me down. If a friend asked about them, I'd say they couldn't go wrong choosing Balance Credit.

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      Balance Credit
      Response from Balance Credit

      Clifton, we’re so happy to hear about your positive experience!

      Verified purchase
      Customer ServicePricePunctuality & SpeedOnline & App

      Reviewed Jan. 8, 2025

      I recently had an experience with Balance Credit and found their service to be really good. I discovered them online and decided to apply for a loan because their rates seemed lower and the entire process was fast and convenient. When I applied, Balance Credit stood out for offering better interest rates, which made it more affordable for me. The application process was quick and easy, solely handled online, without the need for any customer service interaction.

      I would describe Balance Credit as pretty efficient. In terms of my overall experience, I would highly recommend them to anyone in need of a loan. If asked to summarize my experience in just a few words, I would say Balance Credit is a great option for anyone looking for a loan.

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      Balance Credit
      Response from Balance Credit

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

      Verified purchase

      Reviewed Dec. 21, 2024

      Always there when I need help.. Never failed me. Will not hesitate to fully recommend them for anyone in need to get through hardship .. Recommend to anyone at 💯 ….. 🙏♥️🙏 If anyone needs financial assistance please contact Balance Credit .. Will not be disappointed. Will definitely let my family and friends know about their service.

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      Balance Credit
      Response from Balance Credit

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

      Verified purchase
      Customer ServicePriceOnline & AppProcess

      Reviewed Dec. 20, 2024

      My experience with Balance Credit was mostly positive. I decided to go with them because the process was quite quick. I initially filled out an online application, which was very easy, and I received a response within a day. There was a time when I had a veterinary emergency, and I contacted their customer service team. Although I had hoped to reset my loan as initially offered, I found that the offer had expired. If someone asked me about Balance Credit, I would tell them that while the interest rate is quite high, it's a convenient option in emergencies.

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      Balance Credit
      Response from Balance Credit

      Thank you, Katherine. We really appreciate the feedback!

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      Balance Credit Company Information

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