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Balance Credit
AUTHORIZED PARTNER

Balance Credit

 4.6/5 (67 ratings)
  • 5 stars
  • 4 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: May 27, 2021

Balance Credit has given me finance options. All my experiences with them have been great. It took a few minutes to do the application and a day or two to get the finances deposited in my account. They are a good choice if you need a good way to get some extra cash. They will assist you. You start out at a $400 to $800 limit. Refinance and you can get an additional advance.

Balance Credit response

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

2 people found this review helpful

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    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!

    Be the first one to find 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.

    6 people found this review helpful
    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.

    6 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.

    6 people found this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: July 27, 2021

    I decided to rescind on my loan. When I called customer service I was told there will be no extra fee for me to do so. I've had an experiencei n the past with another loan companies and that was not the case. If and whenever I'm in need of a loan, this is my absolute first choice. Thank you!

    Balance Credit response

    Thank you for the great feedback, Marcia!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: July 22, 2021

    When it’s your first time to apply for a loan, it takes five minutes to get everything said and done. I've done multiple loans now, so it takes me just a couple seconds to log in and get what I need. When I put in all of my information, it's straightforward, so it made things easy. I would definitely recommended Balance Credit.

    Balance Credit response

    Cameron, thank you for the feedback! We’re so happy you to hear about your great experience!

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

    Someone hacked my bank account got me behind on my bills including balance credit but they worked with me until got it all squared away and got back on track and never pressured me!! Knowing I was going through a tough enough time already

    Balance Credit response

    Thank you for the feedback, James, 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: July 11, 2021

    The application process was easy. I’m satisfied.

    Balance Credit response

    Thank you, Antonio, we really appreciate the feedback!

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

    I didn't have any problems getting the loan. When I called to check on it, I was answered right away. I would recommend this company to others. All information was given to me and was easy to understand.

    Balance Credit response

    Thank you, Jerry, 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: June 22, 2021

    The application process was easy on the computer and the reps are great. I pay and then I borrow again. They're really nice to deal with.

    Balance Credit response

    Virginia, 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 1 star
    Verified Reviewer Verified Buyer
    Original review: June 22, 2021

    I was offered the opportunity to refinance the loan; during the closing of the new contract a window came up, I did not disagree; until now I felt that the process was easy. I reviewed the payout amount, there was a calendar, I chose 6/28/2021, the window went away, I received an email immediately that said the funds would be deposited by 6/18/2021. I received emails from my bank with over 300.00 of NSF fees because the loan payout was debited on the same date as, the debit went through first. It caused a chain reaction of NSF fees because there wasn't enough fund in the account.

    The calendar reverted back to the date of the deposit; I would have never ever refinanced this loan. I spoke to two of your agents and they tried to explain that the loan payout date was 6/18/2021; that is not true, the calendar was there, I chose the date, and the window closed leaving me to assume everything was ok. Why would I agree to pay something that I knew I would not have; the date that I selected was the 28th and it is not fair. I want to be a good customer, I am struggling to get healthy again, when I say that I will pay an amount then I will do so. If I do agree, and find that I can't do as agreed, I would call, email, any way possible to tell you, that I am having difficulties making the arranged payment. the bank is threatening to close my account because that 522.26 debit went through before the arranged date; the bank is threatening to assess additional fee is the account is not satisfied.

    I am not a liar, and don't like being made to feel as if I am; I could have simply continued to pay what I owed. I need this made right, it's not my fault, I feel that if the calendar is going to revert back to your decided payment date; take that calendar off of the program; have the representatives complete the final process to ensure the customer understands what your requirements are; it is misleading, some people might try to spend money that they don't have, I am not one of those people. I would never put myself in this kind of situation.

    Balance Credit response

    Hi, Lillie. We are so sorry to hear about your negative experience! The Customer Support Team will be in contact to discuss a resolution. You can also feel free to reach out to our Customer Support Team at 855-942-2526 if you have any further questions or concerns.

    Sincerely,

    The Balance Credit Team

    Be the first one to find this review helpful
    Rated with 1 star
    Verified Reviewer Verified Buyer
    Original review: June 15, 2021

    Customer service reps could not answer my questions. Questions pertaining to paying back my loan. They just would not answer me. They had no knowledge of refinancing loan or paying off completely. NO help at all.

    Balance Credit response

    We are so sorry to hear about your recent 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 3 stars
    Verified Reviewer Verified Buyer
    Original review: June 9, 2021

    Balance Credit could lower their interest rates and get a lot more business and make a lot more money in the long run instead of trying to make all their money off of one person.

    Balance Credit response

    Thank you for the feedback, John! 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: May 28, 2021

    To fill out everything, it was less than 10 minutes. Then the loan approval process was 45 minutes. The proceeds was the very next day. Process was fast and easy, and I would recommend Balance Credit to anybody.

    Balance Credit response

    Lewis, 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: May 26, 2021

    I was very pleased with the service and the efficiency of the time it takes to get approved for a loan. The application process is easy to understand and can be filled out quickly. It was even easier because I am a return customer. I have been completely satisfied with the service.

    Balance Credit response

    Johnnie, 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: May 26, 2021

    Balance credit was quick and easy to work with. They made getting money accessible at a time when I didn’t have other options and I am super grateful that this was available. Getting a little breathing room helped me to find more long term solutions to my financial situation.

    Balance Credit response

    Thank you for the great feedback, Nicole, 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: May 26, 2021

    Their application process was easy. It's a good process.

    Balance Credit response

    Thank you, Priscilla, 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: May 25, 2021

    The total process was 15 minutes. It was a good experience and it was hassle-free. Balance Credit helped me out.

    Balance Credit response

    Troy, thanks 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: May 19, 2021

    Balance Credit has a quick application process and they were easy to work with. They've been good.

    Balance Credit response

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

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: May 1, 2021

    I applied with Balance Credit by doing everything online which took 30 minutes. Then, the loan went through in 24 hours.

    Balance Credit response

    Timothy, thank you 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: April 13, 2021

    Excellent service!!! The Balance Credit team are readily available, and have been attentive to my needs. They offer quick and responsive service, and have always been respectful and courteous. I highly recommend them to anyone who needs some financial assistance during these difficult times.

    Balance Credit response

    Thank you, Shayna, 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: April 9, 2021

    I was rebuilding my credit, so I applied for a loan through Balance Credit. Then they just mailed a check, and I endorsed it and deposited it.

    Balance Credit response

    Thank you, Gary, we really appreciate the feedback!

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

    The process from beginning to end took a little bit of time but not very long. Using Balance Credit was easy and I've had a very good experience.

    Balance Credit response

    Thank you, Tracy, we really appreciate the feedback!

    Be the first one to find this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: March 12, 2021

    Their application process seemed simple. I did everything online.

    Balance Credit response

    We’re so happy to hear about your positive experience, Neesan!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: March 4, 2021

    The application with Balance Credit was easy. It's just it was hard to get in touch with them. That aside, I like the service and I've used them twice. They help me out when I need it and I appreciate that.

    Balance Credit response

    Thanks, Don, we really appreciate the feedback!

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

    I was under a financial burden and I tried Balance Credit. Their application process was fairly easy. Balance Credit is a good place to do business with. They are easy to work with and working with them helped a lot.

    Balance Credit response

    Dora, 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: March 2, 2021

    Balance Credit was convenient. I like the online process the most. The application was very easy. I got the loan in a day and I'm very satisfied with the timeframe.

    Balance Credit response

    Thank you for the positive review, Jacob! 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: March 1, 2021

    The application from beginning to end took less than half an hour then there was some follow-up. I wish Balance Credit was less expensive but that was the only alternative. It was helpful and perfect at the time that I needed it.

    Balance Credit response

    Thank you, Jane, we really appreciate the feedback!

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

    The experience is good. Balance Credit is helping me and lets me refinancing. I just wish they make sure that as customers pay on time, to get a little bit increase.

    Be the first one to find this review helpful
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    Balance Credit Company Information

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