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Balance Credit
AUTHORIZED PARTNER

Balance Credit

 4.6/5 (87 ratings)
  • 5 stars
  • 4 stars
  • 3 stars
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  • 1 stars
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Balance Credit

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.

Overall Satisfaction Rating

  • 5 stars
  • 4 stars
  • 3 stars
  • 2 stars
  • 1 stars

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 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 - 25
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Oct. 9, 2021

The application process was a lot simpler than I expected. I liked that I could do it online because my job is pretty demanding. Balance Credit is okay with talking to you through text messages or emails or whatever is best for you, and I appreciated that. They also give you a few options, which is nice. I liked that Balance Credit is flexible with their payment plans and they have a pretty good payment plan. I'm able to make the payments and afford it. It's nice. I chose them because I had my identity stolen twice. So I can't afford to hire a lawyer to fix my credit. But they were very flexible with my credit and understood my stripes. Balance Credit gave me an opportunity to help me get caught up with my bills and balance out since it's just me now.

Balance Credit response

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

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    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Sept. 30, 2021

    During the financial hardship with the COVID, Balance Credit has been handy in helping me secure funds. They help with bills. The process is not really difficult. If sometimes I don't have the funds to pay, I ask them to give me a week's time or a couple of days till I get paid and usually, they're very helpful with that. The prices are steep and the repayment thing is high though. It's a 200 and something percent interest rate, so people should only use them as much as they need them and try to pay them all back as fast as they can.

    Balance Credit response

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

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

    The application process was easy to get through. They asked for all information I expected them to ask for. I knew within a few hours whether I was approved or not. When I had an issue with a payment that I needed to change, they were very helpful and able to help me to do what I needed to do. The only thing about Balance Credit is their website gives very limited information. You see your account and you see what you owe, but you can't find out when you're eligible for refinancing until after a period of time. I paid off one loan completely, and I requested another loan for the same amount, but the payment was higher the second time instead of lower. It doesn't seem that they offer anything like a discount for repeat loan applicants.

    Balance Credit response

    Brande, 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 4 stars
    Verified Reviewer Verified Buyer
    Original review: May 4, 2021

    The application process was quick and it was with ease. There was no drawn-out thing about “Fax me this, fax me that,” and “Send it to somebody and we'll call you back.” It was all done in one process. Customer service was knowledgeable and professional. They made things convenient. I wasn't jumping out through a whole lot of hoops. And I still have the ability to talk with a live person and not just communicate to an email address. When going with Balance Credit, it's not something that you want to do for an elongated period of time because the more it goes along, the more you pay. It should be a short-term only consideration.

    Balance Credit response

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

    2 people found this review helpful
    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.

    8 people found this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 17, 2021

    Great service and user friendly. I am Informed throughout the whole process and the money arrives ahead of time. I am happy I found this company especially with COVID-19 everything is online and fast.

    Balance Credit response

    Raquel, 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: Oct. 15, 2021

    Easy to understand terms. Able to review terms and conditions before you make final decisions. Telephone number is available for questions. The fund was added into my account the next business day and I am so pleased.

    Balance Credit response

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

    Be the first one to find this review helpful
    Rated with 1 star
    Verified Reviewer Verified Buyer
    Original review: Oct. 14, 2021

    They take advantage of people and charge such high interest rates and payments are crazy. Shame on them, sometimes as they say.. bad things happen to good people and you need a little help, and they take advantage of that.

    Balance Credit response

    We are so sorry to hear about your negative experience with Balance Credit. We are always looking for ways to improve our service. If you would like to 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

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 13, 2021

    The customer service person I talked to was very courteous and she answered my questions in a timely and knowledgeable manner. Although it was not the answer I was hoping for it was delivered very promptly and professionally. I could not find fault with our exchange.

    Balance Credit response

    Thank you, Carol, we’re glad to hear you had a great experience with Balance Credit!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer
    Original review: Sept. 30, 2021

    Believe it or not, Balance Credit has exceptional customer service, with barely any hold time, very polite representatives and straight forward policies. They are not loans to be used frequently (as they are VERY high interest) but in the case of an absolute emergency Balance Credit is the place to go.

    Balance Credit response

    Thank you, John, we’re glad to hear you had a great experience with Balance Credit!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Sept. 29, 2021

    The application process at Balance Credit went well. It didn't take a long time, not even five minutes. The customer service team was nice. The terms are good, too.

    Balance Credit response

    Thank you for the feedback! We're glad our team was able to help!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Sept. 28, 2021

    Balance Credit was very helpful in getting a loan and was courtesy and was done in a timely manner. Help me get what I needed and set up the payments on the time I could make with my budget and deposited in my account in a timely manner.

    Balance Credit response

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

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Sept. 28, 2021

    Recently had an illness where I lost hours at work and thus lost some income. Had trouble making one payment and the CS Rep was very understanding, patient and professional to help attend to this situation.

    Balance Credit response

    Thank you the feedback, Steven, we're so happy our team could help!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Sept. 28, 2021

    The application process at Balance Credit was simple. It also didn't take too long. Everyone was personable and everyone did a good job. Everything was smooth.

    Balance Credit response

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

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Sept. 27, 2021

    The application process was easy. I did it all online. It took less than five minutes. I like the convenience.

    Balance Credit response

    Thank you, Kimberly, we really appreciate the feedback!

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

    I've been using them for a while now and I've had a great experience with them. They've been very helpful. The application process is fine because most of my information is in there, so it doesn't take too long to really do anything. Also, the approval time is almost immediate. I'm very happy with the service.

    Balance Credit response

    William, 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: Sept. 25, 2021

    Their process was simple. It wasn't a headache as I thought it was. So that made it a good experience.

    Balance Credit response

    Thank you, Tangela. 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: Sept. 24, 2021

    I did the application online and it was very user-friendly. When I pay off a certain amount, they offer me a refinance and that's good because it usually comes at the right time.

    Balance Credit response

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

    Be the first one to find this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Sept. 21, 2021

    They completely comprehend customer issues. They support your situation ang give ample time to resolve it. Their services provided was excellent and most of their staff members were cordial. They really give you valuable time to resolve an issue.

    Balance Credit response

    Thank you for the great feedback, Kingsley. We're so glad our team was able to help!

    Be the first one to find this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Sept. 14, 2021

    I've never had any issues with this company. They're great with working with customers to ensure their needs are met in a timely fashion. The rates for a returning good customer are considerably high but overall, I'm very pleased with this company.

    Balance Credit response

    Thank you, LaDonna, we’re glad to hear you had a great experience with Balance Credit!

    Be the first one to find this review helpful
    Rated with 2 stars
    Verified Reviewer
    Original review: Sept. 11, 2021

    I was looking for a $350 loan to take care of my very ill pet Yorkie. I applied with Balance Credit and got approved. The monthly payments are too much to handle because of the very high interest that is included so called them and the only thing they could do was me paying finance charges for two months which was close to $200! I am a low income retiree and cannot afford these payments. I realize I have to pay and tried asking Balance Credit if I could work something out to bring monthly payment down but they would not work with me. I do realize I should have not taken out this loan but needed help with my very sick pet. Everyone, please think about taking a loan out with this company because they do not care. Don't know what to do at this point.

    Balance Credit response

    Hi, Kathy. We are so sorry to hear about your negative experience! We would love to get in touch to discuss possible resolutions. We sent you a private message with more information on how to reach one of our representatives and hope to hear from you soon.

    Sincerely,

    The Balance Credit Team

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

    The entire process was smooth and easy. My experience with the customer service team was very well received. They were very courteous and they answered all my questions. The experience was well worth it.

    Balance Credit response

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

    Be the first one to find this review helpful
    Rated with 2 stars
    Verified Reviewer Verified Buyer
    Original review: Aug. 24, 2021

    My responsible response is, I had no idea, when CC Connect with no contact number was available for me to inquire, why they withdrew funds from my account. I strongly recommend that you inform your clients who will be withdrawing from their accounts. Thank you for the opportunity, Gladys **.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Aug. 24, 2021

    Applying with Balance Credit took 10 minutes, maybe less. It was all online and the process was pretty easy.

    Balance Credit response

    Thank you, Michael, 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: Aug. 11, 2021

    I will recommend Balance Credit. It helped me when I was short. The process took about 20 minutes and was easy.

    Balance Credit response

    Carl, thanks for the feedback! We’re so happy you had a great experience!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Aug. 10, 2021

    Yes my experience has always been great with balance credit. Have used them many times. Will continue to use them when needed. The money always comes in the next today so if you're in a tight bond you can get the cash quickly.

    Balance Credit response

    Thank you for the feedback, John, we're happy we could help!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Aug. 10, 2021

    Balance Credit's terms were all right. I did my application and that was really simple and easy. Customer service was good. If I have a question, I call in and they answer. Working with Balance Credit helped me a lot. I was able to take care of a lot of stuff I was behind on.

    Balance Credit response

    Thank you for the positive review, Sheila! We’re so happy you were able to get the funds you needed!

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

    I applied with Balance Credit and the process took a matter of minutes. Everything was done online. I did loans with Balance Credit three times and I've paid them all off within the last four months. I would recommend Balance Credit for individuals who are looking to get out of quick funk. It could also work for people like myself who are looking to bring their credit score up. I've done that.

    Balance Credit response

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

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Aug. 7, 2021

    I Appreciate you For your Warm Hospitality. You Came To Me When I Needed Help. Thank You So Very Much. During The Covid 19 Pandemic You Came To My Rescue. Thanks A Million For Your Generosity And Support.

    Balance Credit response

    Thank you for the feedback, Mamie. We’re glad to hear you had a great experience with Balance Credit!

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

    The pandemic taught us all many things. People went without work and without government assistance. This company was very empathetic to their customers, they adjusted payments, extended loans and really made it possible for consumers to continue their livelihood as best as they could during uncertain and in some cases traumatic times. Big corporate could learn a lot from this company.

    Balance Credit response

    Thank you for the positive review! We’re so happy you were able to get the funds you needed!

    2 people found this review helpful
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    Balance Credit Company Information

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