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Balance Credit

Balance Credit
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Overall Satisfaction Rating 4.25/5
  • 5 stars
    5
  • 4 stars
    2
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    0
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Based on 8 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: 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: 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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    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.

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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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    Resolution In ProgressRated with 1 star
    Verified Reviewer Verified Buyer
    Original review: Sept. 29, 2020

    Was not able to get a loan without going through my bank and getting the last 3 months of my deposits. Do not have a printer to print them off. Would have to gone to bank. Was very disappointed in the way the situation was handled. I had previously paid off my loan.

    Balance Credit response

    Hi, Carol. 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

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    Balance Credit Company Information

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