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Balance Credit

Balance Credit
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Overall Satisfaction Rating 4.56/5
  • 5 stars
    18
  • 4 stars
    7
  • 3 stars
    1
  • 2 stars
    1
  • 1 stars
    0
Based on 27 ratings

Balance Credit is an unsecured loan provider that specializes in installment loans and lines of credit. 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.

BOTTOM LINE

Balance Credit offers installment loans up to $5,000 and lines of credit up to $2,500. Balance Credit doesn’t charge prepayment or application fees, making it a solid option for consumers who want an alternative loan.

PROS

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

CONS

  • Max loan amounts vary by state
  • Limited availability
Balance Credit Learn More

What is Balance Credit?

Balance Credit is an online personal loan provider that offers services for those in search of installment loans or lines of credit. 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 - 30
Rated with 4 stars
Verified Reviewer Verified Buyer
Original review: Nov. 1, 2020

The application process which took 15 minutes or less was very simple. I did everything online then I did talk to someone to confirm my information. They're excellent. I got access to cash for short term needs. The only thing I do not like about Balance Credit is they do not make prepaying or paying off the loan earlier a simple process. There's nowhere on the website for that to be done. That's the only thing I would request that they change.

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    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.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 24, 2020

    I got a flyer for Balance Credit, and I looked at it. It was easy to get on the website and do the application versus spending more time researching around. The timing was right for me receiving their flyer in the mail. I had an emergency arise. I decided to go ahead. I thought that the flexibility of being able to pay it back with your term was really helpful. The application process was very easy. The overall process was very straightforward and really quick. Balance Credit is very accessible, and that's what you need for when the emergencies do arise.

    2 people found this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 4, 2020

    I needed to pay for a medical bill and Balance Credit got back with me quickly. I've used them three times now and I don't like that their interest rate is really bad. I'm paying $310 for a $750 loan. Also, the other thing I would improve is it takes them a while to get to go through the banks once they pull things from your account. Times for me right now are really tough, so I'm making sure that I've got the funds in there to pay them ‘cause I don't wanna get behind.

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    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 3, 2020

    Applying with Balance Credit was quite simple. I just put in my information online and the process took 10 minutes tops. Working with them was easy. They were very good about things. If I had to postpone a payment, they would postpone mine to the next payment date and it would be fine. It's pricey but if anyone needs money, Balance's service is good.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 5, 2021

    I liked Balance Credit's payment system. It’s not too bad like these payday loans. I've used them twice, and then I refinanced this last time. The process was easy. I've had no problems with it. I did it all online and since I read slow, it took 10 minutes.

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    Rated with 2 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 23, 2020

    I just borrowed for I believe the 3rd time...First two no issues. Borrowed this time and the next day did not need the loan. Contract says I have 3 days to rescind...I did and it was not taken out of my account as requested. After finally reaching someone on the phone I was told it was too late...You all were late not me. So the person said I must pay 1499.12 to pay the loan off which I did. I should not have had to pay basically 100 bucks to send you back your money as I held to the contract.

    2 people found this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 23, 2020

    I am pleased with the response time to my applications for loans. However, I am not pleased with my credit limit. I also would like to have longer to repay the loan because smaller monthly payments would be helpful to me.

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    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 10, 2020

    I needed some extra help and applied for a loan with Balance Credit. The process was easy. They're available if you have needs.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Nov. 25, 2020

    I needed some extra funds and the loan process with Balance Credit was fast and easy.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Nov. 20, 2020

    Balance Credit is very easy to use, easy to pay, and it's automatically withdrawn. You get your money right away. It's a very user-friendly loan service.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Nov. 17, 2020

    Great Customer service. Process very easy and quick. I made a call for info before I filed and I knew what to expect. All information was accurate causing me not to have to spend a lot of time during the interview. Check was received next day as promised.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Nov. 13, 2020

    I applied for a loan with Balance Credit to consolidate some stuff. Their application process was really easy. It took about 10 minutes to be completed. I like that you can get it all done online. I like the super-fast response time.

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    Rated with 3 stars
    Verified Reviewer Verified Buyer
    Original review: Nov. 9, 2020

    A few times in speaking with customer service dept. They were or I felt they were a little eggy when I wasn't making balance due on my account finalize fast enough for them. I would say better customer service is needed.

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    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Nov. 5, 2020

    I liked Balance Credit's rates. The application process was fairly simple. It took 12 payments for me to complete the loan. It's kinda long. It'd be shortened to six months. It feels like you're paying for forever. So that could be improved.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 31, 2020

    I got to admit I appreciate your guys help, I have had a very pleasant experience. The help I got was fast and easy. Just had to fill in the blanks. I really do want to thank the staff behind Balance Credit and I would definitely RECOMMEND it to everyone ✅.

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    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 31, 2020

    I have been using balance credit for 2 years now and have been very helpful in keeping me afloat through hard times. I only wish the APR would be a bit lower, but however the rates are balance credit has helped me a lot! Thank you Balance Credit!

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 29, 2020

    The application with Balance Credit was pretty simple. I applied one day, and I had an answer next day by lunchtime. I just got an email that it was approved, and I had to log online and sign my documents. It was quick and easy.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 19, 2020

    We needed a loan at the time that we applied with Balance Credit. We did it online and it was simple. We were pleased with the customer service. Balance Credit is great and we don’t have any issues.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 18, 2020

    A friend of mine had Balance Credit. The payment wasn't bad. So, I accepted it. Their application process was fine and simple.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 17, 2020

    I got a mail offer from Balance Credit. I went with them and applying was fairly easy. I set things on auto pay. Customer service was good. Going with them solved my financial issues.

    Be the first one to find this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 9, 2020

    I had some work done on my house. I got ripped off and I needed money to finish the project. Balanced was able to help me out. Applying was easy and the approval process took a day. If you need somebody, then Balanced would be the way to go.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 6, 2020

    I was very much satisfied with the time frame that the application took. It was done right at the same day.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 5, 2020

    The application process was really easy. It was done in three to five minutes. They were very helpful.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 2, 2020

    I had a good experience with Balance Credit. Applying was quick and easy and I had good experiences with their reps. They have been there when I need them.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Sept. 29, 2020

    Just about the time you think your finances are straightening out, BANG...something happens. I opened my email & there was an email from Balance Credit. YAY!!! So easy & as promised, in my bank the next a.m. Thanks Balance Credit!!!!

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    Balance Credit Company Information

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