Balance Credit Reviews

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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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    1 featured review
    How do I know I can trust these reviews about Balance Credit?
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    Page 1 Reviews 0 - 5
    Verified purchase
    Customer ServicePriceOnline & AppStaffProcess

    Reviewed April 9, 2025

    The application process with Balance Credit was straightforward and could be completed online. It all starts with a pre-qualification email, where you provide details like income and banking information before you hear back. It was an easy process and the staff was consistently friendly, which I appreciated.

    However, something to be aware of is that even though they claim it's not a hard inquiry on your credit, it actually is. On the credit report, it doesn't list as Balance Credit but as Sun Financial.

    While I found Balance Credit fine for emergencies and quick financial fixes, I'm not thrilled about their high-interest rates. It's not a service I'd recommend for long-term use. Once you've resolved your immediate need, it's better to pay them off soon to avoid additional charges.

    Altogether, I'd say my experience was good with a few caveats due to the interest terms, making it essential only for short-term needs. On a personal rating scale, I'd give my overall experience a 4 and my satisfaction with customer service a solid 5.

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    Balance Credit
    Response from Balance Credit

    Thank you, Aquella. We really appreciate the feedback!

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      Verified purchase
      Punctuality & SpeedOnline & App

      Reviewed April 9, 2025

      I came across Balance Credit while searching online for loans for people with bad credit and stumbled upon their highly-rated services. My experience with them was straightforward and hassle-free, largely because everything was seamlessly guided through their website without the need for personal interaction. The website's functionality allowed me to access and manage my loan easily, including setting up auto-draft for repayments.

      What truly impressed me was the speed and efficiency of their service—starting from the application process to receiving the loan approval, which took less than five minutes. However, the trade-off was a high-interest rate, which I expected considering my credit situation. The funds were deposited directly into my account the next day after approval, providing a significant relief to pay off nine different debts with one consolidated loan.

      I found their platform extremely user-friendly with a step-by-step guide during the loan application. One noteworthy feature is their pre-qualification process that checks eligibility without affecting your credit score. Additionally, the repayment setup is automated, correlating with your payday schedule, which made it convenient for me. For anyone dealing with poor credit and looking for prompt financial assistance, I'd recommend Balance Credit for their fast and stress-free process.

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      Balance Credit
      Response from Balance Credit

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

      Verified purchase
      Customer ServicePriceOnline & AppStaff

      Reviewed March 22, 2025

      I refinanced my loan with Balance Credit, and my experience with them has been positive, which encouraged me to consider refinancing. The application process was straightforward and mostly online, and what impressed me was how quick it was, nearly a same-day process from application to approval.

      While I did encounter some issues when I needed to change my due date and bank account details after changing jobs, the customer support team was friendly and tried to help. However, resolving these issues wasn't as smooth as I had hoped, with a bit of a wait sometimes to get through to a representative over the phone.

      Despite those minor hiccups, the overall experience with Balance Credit has been extremely beneficial and I would recommend them to friends or family if needed. Overall, I'd rate my experience as a strong 4 out of 5. Balance Credit has been helpful, with their service, pricing, and online tools all being quite satisfactory.

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      Balance Credit
      Response from Balance Credit

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

      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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      Balance Credit
      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

      Reviewed April 9, 2025

      I completed the process of Balance Credit online and I found the application process to be straightforward and easy to navigate. In terms of rates and terms, they appeared reasonable to me. Everything was satisfactory from my perspective. Overall, it was a positive experience.

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      Balance Credit
      Response from Balance Credit

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

      Verified purchase
      Customer ServicePricePunctuality & SpeedOnline & AppStaff

      Reviewed April 9, 2025

      The application process with Balance Credit was impressively quick and straightforward, taking roughly 30 minutes for approval, with funds accessible by the following day via direct deposit. I found their website intuitive to navigate, guiding me effectively step-by-step. Although I didn't frequently interact with their customer service, on the rare occasions I did, the staff were pleasant and helpful. Despite this overall positive experience, I feel compelled to mention the high-interest rates are a significant drawback. While they assisted during my time of need, the interest does pile up, especially for someone with a less-than-perfect credit score like me. For those considering a loan here, be prepared to manage these potentially high-interest fees. If my credit improves, I'd anticipate better rates.

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      Balance Credit
      Response from Balance Credit

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

      Verified purchase
      Staff

      Reviewed April 9, 2025

      I was really needing to catch up on some past due bills and getting refinanced. It help me to do just that and have some leftover to buy food. They even gave me a better rate on my loan. I would definitely recommend this site to my friends. They were definitely a blessing.

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      Balance Credit
      Response from Balance Credit

      Thank you for the feedback, Teresa. We're so happy we could help!

      Verified purchase
      Customer Service

      Reviewed April 8, 2025

      I applied for a loan on the weekend so on Monday, I called. They said, "Just sign the contract and you should be set for what's next," I told them I did not get a contract to sign, he said, "Just wait an hour or two," Tuesday same thing. Was told to wait. I called on Wednesday. They finally said to email support and then I was able to get what I needed. Was not happy that they could not tell me this since Monday.

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      Verified purchase
      Customer Service

      Reviewed April 2, 2025

      I would definitely recommend their service. I was not expecting to give me the option to receive more and I did and could not be more grateful with the service I received. Whenever I know I am going to miss a payment I do call and they work with me as well with how they can about my payments.

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      Balance Credit
      Response from Balance Credit

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

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      Balance Credit Company Information

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