Balance Credit

Balance Credit Reviews

Balance Credit Reviews
4.2(460)

Our promise. We provide a buying advantage with verified reviews and unbiased editorial research.

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 & Cons

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

Filter by Rating

  • (313)
  • (69)
  • (33)
  • (16)
  • (29)

Popular Mentions

    How do I know I can trust these reviews about Balance Credit?
    • 4,534,748 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Top reviews
    • Top reviews
    • Recent
    • Oldest
    • Most helpful

    A link has directed you to this review. Its location on this page may change next time you visit.

    How do I know I can trust these reviews about Balance Credit?
    • 4,534,748 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Page 1 Reviews 0 - 5
    Verified purchase
    Customer ServiceOnline & AppStaff

    Reviewed Aug. 18, 2024

    Balance Credit's website is very user-friendly. I haven't been needing to call them. Whatever I needed, I was able to obtain through their website. And it's very easy to manage. Once I put my information online, Balance Credit called me to do a bank verification. I was on the phone and we called my bank right away to get the verification done. Once I signed my documents and submitted those, they said they would have that to me as soon as possible. They gave me a date. And the next day, I saw the funds in my account. Everything took three days tops. They were there at the time I needed a little something to help me out with the situation. And I've enjoyed them.

    Thanks for your vote! Report
    Balance Credit
    Response from Balance Credit

    Linda, thank you for the review. We’re so happy you were able to get the funds you needed!

    Not sure how to choose?

    Get buying tips about Payday and Title Loans delivered to your inbox.

      By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Unsubscribe at any time.

      Thanks for subscribing.

      You have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

      Verified purchase
      Price

      Reviewed July 29, 2024

      Balance Credit is probably the best of all those companies that put out high-interest loans. I did the application online, and it was easy. It only took five minutes. However, this is a company that I only use out of necessity. They're one of those high interest loan companies that give loans to people that can't get loans anywhere else. Unfortunately, I don't have any stories where I can say, "Oh, I broke my leg. And I got a high interest loan from these people. And they helped me fix my broken leg." Every time I apply for a loan, it makes me sick to my stomach when I see how much I'm paying in interest, but it is what it is. The loan I got is for five months at 500% interest.

      Thanks for your vote! Report
      Balance Credit
      Response from Balance Credit

      Thank you, Michael. We really appreciate the feedback!

      Verified purchase
      Customer ServiceStaff

      Reviewed April 24, 2024

      I had gotten an email saying that I was able to refinance a loan that I had with Balance. It gave me a date, which was over the weekend, and I missed that date. I called that Monday or Tuesday and told them I got an offer but it just expired. I asked if I could still take good on the offer and they said no, but they really couldn't explain why it was just for that allotted amount of time. I didn't understand why the offer would just be for five days and I was curious what the difference is in that five days versus on the sixth day. But they were not very helpful and I don't know if it was a language barrier or something.

      Thanks for your vote! Report
      Balance Credit
      Response from Balance Credit

      Thank you, April. We really appreciate the feedback!

      Verified purchase
      PricePunctuality & SpeedOnline & App

      Reviewed Dec. 8, 2023

      The application process was easy. I do everything online, and it took a couple of days to get the money. This is my second loan with Balance Credit. I paid the first one off. I started out rebuilding my credit so that I can buy a house. I'm a veteran, and over the last two years, I was able to build up my credit, but now, all of a sudden, the housing market is outrageous. So I'm not even gonna buy a house right now. Balance Credit gave me a loan when I needed it, but I used that loan to pay something else off. What I was trying to do didn't work, and now I have this big loan I gotta pay back.

      I pay on time, but the payment is so high, I'm having trouble paying my other bills and buying groceries. I'm gonna call Balance Credit and see if there's something they can do to redo it at a lower rate since I'm a repeat customer. They can still make plenty of money, but they need to lower their interest rates. It would also be really great if they had a way to select different payment plans on the website instead of just one big payment. That would be very beneficial, and I would like it more if they could do that. Overall, Balance Credit's rates are so high, but if I had a friend that was in dire straits and needed a loan, maybe I would recommend them.

      Thanks for your vote! Report
      Balance Credit
      Response from Balance Credit

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

      Verified purchase
      PricePunctuality & SpeedStaffProcess

      Reviewed Oct. 25, 2023

      I was broke and needed a quick good loan, and Balance Credit gave it to me. The whole process took less than four hours. Their interest rates suck. But if you need money, they give it to you as long as you pay it back. When I had to skip a payment once, they let me. Then they asked me when I thought I'd be able to make the payment and I asked if they could take half a payment the next time and another half a payment the following payment to break up the payment I missed, and they did that. They were very accommodating with what I needed at that time.

      Thanks for your vote! Report
      Balance Credit
      Response from Balance Credit

      Jennifer, thank you for the feedback. We’re so happy you were able to get the funds you needed!

      Verified purchase

      Reviewed Oct. 1, 2024

      It was super easy to apply online and I got my funds deposited the next day. I have used credit balance before and they are always helpful. Customer support is also great if I ever have any questions. Very easy to see your payment plan and understand. I definitely recommend if you're looking for an online lender.

      Thanks for your vote! Report
      Balance Credit
      Response from Balance Credit

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

      Verified purchase
      Punctuality & Speed

      Reviewed Sept. 29, 2024

      I have been with Balance a long time and now your company has made it more easy to obtain a loan. Thank you. Great company to loan with.. I like that the Company don't Hassle you and is very understanding if you have to be late on payments. Not that I have been but years ago.

      Thanks for your vote! Report
      Balance Credit
      Response from Balance Credit

      Thank you, Dora. We’re glad to hear you had a great experience with Balance Credit!

      Verified purchase
      Punctuality & Speed

      Reviewed Sept. 28, 2024

      Very easy to deal with and always get the funding you need quickly. This is my 4th time using Balance Credit and I've never had any issues. Fast, easy, payment comes directly from my bank account. They send payment reminders and don't harass you. I highly recommend balance credit for your short term loan needs.

      Thanks for your vote! Report
      Balance Credit
      Response from Balance Credit

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

      Verified purchase
      Customer Service

      Reviewed Sept. 21, 2024

      Well since I was doing a loan again from them was easy except I put what I wanted in then in final paperwork showed me everything but I wanted to change my mind on loan and get more. Couldn't go back and I tried calling but weekend no one there so had to call monday and go thru a little to get it dealt and redo loan.

      Thanks for your vote! Report
      Balance Credit
      Response from Balance Credit

      Thank you, Tony. We really appreciate the feedback!

      Verified purchase
      Customer Service

      Reviewed Sept. 17, 2024

      Thanks for your help when I needed you and I definitely will share you with someone else if I hear of their need and they are willing to go online or call you. Keep up the great work and May all your wishes comes true this year. From Anchorage Alaska.

      Thanks for your vote! Report
      Balance Credit
      Response from Balance Credit

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

      Loading more reviews...

      Balance Credit Company Information

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