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.
- No prepayment penalties
- No application fee
- Funds as soon as one business day
- 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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- 4,770,194 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.
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- 4,770,194 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.
Reviewed Aug. 8, 2025
In 2022, when my daughter was getting married, a friend recommended Balance Credit to us. We've taken out a loan with them, repaid it, and even borrowed again without any issues. Applying for the loans was straightforward, with a speedy response, and funds were available by the next day. Whenever we've had questions, the website proved informative and customer service was always accessible. We utilize biweekly automatic payments, which simplifies the repayment process substantially. Balance Credit has made managing expenses smoother, especially with larger, unexpected costs. Because of them, we were able to go to my daughter's wedding and didn't have to worry about funds. Should you need quick and reliable financial support, Balance Credit is worth considering.
Stephanie, thank you for the review. We’re so happy you were able to get the funds you needed!
Reviewed May 21, 2025
I've used Balance Credit a few times in the past, and I don't recall any issues with their service. The primary reason I went with Balance Credit again was the simplicity and ease of their application process. It's all completed online, and it only takes a few minutes to fill out the necessary forms.
In terms of their rates and terms, I find them to be slightly high. Nevertheless, whenever I need funds, I opt for them because I am confident in their service. Although the rates are on the higher side, paying off the loans quicker than the normal period has worked for me.
When considering aspects like customer service, the overall cost, and the ease of using their website, I'd rate my experience as a 4 out of 5. Despite the higher rates, I am generally happy with the service from Balance Credit and would happily recommend them.
Antonio , thank you for the feedback. We’re so glad you chose Balance Credit as your financial partner!
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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.
Thank you, Aquella. We really appreciate the feedback!
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.
Kasie, thank you for the feedback. We’re so glad you chose Balance Credit as your financial partner!
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.
Stacie, thank you for the great feedback. We’re so glad you chose Balance Credit as your financial partner!
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.
Thank you, Benjamin! We’re so happy to hear about your positive experience.
Reviewed Nov. 8, 2025
Refinancing my loan was quick and easy. I didn't have no problem with the process. Thank you Balance Credit. I would definitely recommend Balance Credit to my family and friends. I have been dealing with Balance Credit since 2024 and will reach out to them in the future for my financial needs.
Tina, thank you for the feedback. We’re so glad you chose Balance Credit as your financial partner!
Reviewed Oct. 24, 2025
I picked Balance Credit when I needed a quick and easy solution during a time of financial need. The application process was straightforward and fast, and I received a reply almost immediately after applying online. I appreciated that there was no need to contact customer service as everything was efficiently handled through their website, which I found functional and easy to use.
My experience with Balance Credit has been entirely positive, with smooth renewals whenever I needed them, without any hassle. I feel confident in recommending it to friends and family due to its reliability and swift service, especially in urgent situations. My life was positively impacted as it provided help when I needed it the most, offering support quickly and effortlessly.
Kim, thank you for the great feedback. We’re so glad you chose Balance Credit as your financial partner!
Reviewed Oct. 20, 2025
Balance Credit was always there when I needed them. They are quick to respond. Easy application and customer service always courteous and helpful. It takes same day or one business day to receive your money. I have used them a few times and will again if I need to. Interest is high but you know that from the start.
Theresa, thank you for the great feedback. We’re so glad you chose Balance Credit as your financial partner!
Reviewed Oct. 19, 2025
I had my first loan with them. I had no issues with the company. Everyone is very nice with this company and the loan is an easy process. I am on my second loan. The payments are not bad at all. If you need help, all you have to do is call and talk to somebody.
Thank you, Selena. We’re glad to hear you had a great experience with Balance Credit!
Reviewed Oct. 15, 2025
I accidentally picked the wrong date for my paycheck and my payment was taken out today. I called and was told it would take a week to refund. I don’t even know if they corrected the date to my actual payday. I am now overdrawn. I would think that if you can provide a loan in the same day then you can refund or give me an equivalent amount in the same day.
We are so sorry to hear about your recent experience with Balance Credit, Amy. We are always looking for ways to improve our service. If you would like to further 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
Balance Credit Company Information
- Company Name:
- Balance Credit
- Website:
- www.balancecredit.com
