Great experience with getting a loan fast, convenient and easy to apply.
Balance Credit is an online lender based in Irving, TX that provides fast unsecured loans to people with poor to fair credit. Rates are high when compared to prime lenders, but it offers flexible payments and an accessible eligibility criteria. There are no restrictions on how borrowers use the loan funds. Balance Credit was founded in 2013 and has an A rating with the BBB.
Balance Credit has an online application form that takes a minute to complete. Borrowers receive their approval (or denial) notice in real time. If approved, funds can be deposited as early as the next business day.
Rates vary from 99% APR to 1200% APR depending on the term, credit history and state of residence of a borrower. For instance, in California rates range from 99% APR to 284% APR and loan terms go from 14 months to 16 months. In Texas, however, rates go from 99% APR to 1200% APR and the terms range from 4 to 6 months.
Loan amounts also vary from borrower to borrower and by state. The overall range is $100 to $3,000. In Utah, for instance, the minimum loan amount is $100, and the maximum loan amount is $2,000. In California, the range is $2,600 to $3,000.
Balance Credit operates in California, Missouri, New Mexico, Ohio, South Carolina and Texas. However, in some states such as Texas, Balance Credit acts as a credit services provider, not as a direct lender. In other words, the company acts as a middleman between borrowers and a network of partner lenders.
Balance Credit has an online application process that takes a minute to complete. Approval decisions are in real time. So you will know if you qualify and your rate immediately after applying. The qualification requirements are the typical requirements for a payday loan. That is, have a source of steady income, an active checking account, and be a U.S. Resident of legal age. Acceptable sources of income include employment, Social Security Benefits, retirement benefits, unemployment insurance and alimony.
The loans offered by Balance Credit have high rates, so if you have fair or good credit, you may qualify for better loans elsewhere. However, if your credit is poor and you need money fast, Balance Credit is a useful resource. Balance Credit offers immediate approval decisions and flexible payment schedules. An advantage over other high interest lenders is that it does report payments to the credit bureaus. So making on-time payments will improve your credit, which will help you qualify for better loans in the future.
Great experience with getting a loan fast, convenient and easy to apply.
Great experience quickly processing will reccomend to others who needs quick money
Whas fast and easy to do. Even the parts i didnt know were to find the information it wanted it showed me an example so o could find with eas
No way. Big rip off!!! Don't be that desperate.
This was the easiest loan I have received. No phone calls, no verification of information. Money deposited in my account. The interest is high but really needed the funds. Will do business with them again. Thanks!
Application process was easy and I had funds in my account next day. Fees are super high, but payoff early and it'll be fine.
Don't borrow rom this extremely overpriced place. It's a rip off. They charged me $130 in interest to borrow $350.00 for 5 days. Reminds me of the old days (loansharking) It should be illegal. I complained to Ohio Attorney General and BBB. Doesn't deserve a star at all, but can't post without one.
they will **** you over. you dont want to do this at all
Web site says you're approved and scheduled for funding THEN when you are expecting a deposit the following day you find out the loan was withdrawn. Would post negative stars if possible.
This place sends you a letter that says you are qualified for a loan well that's bull they send these things out and then do all these hard hits on credit report. Stay away from this company
THIS COMPANY IS CRAZY. I DID THE APPLICATION ONLINE JUST TO SEE THE RESULTS. THIS IS WHAT YOU GIVING:
1. Consent for them to charge your bank account to get their money back if you can't make payment putting your account in the negative screwing you up more with your bank.
2. Access to sell your personal information for profit to telemarketing companies.
THIS IS WHAT THEY OFFER YOU: 1. A loan for $300 at least WITH YOU OWING 18 PAYMENTS OF $86.00 (OVER $1,200) if you can't pay it all back.
You ought to ... be a Damn fool or a plain out drug junkie to agree to something like that. You better off going to a pawn shop to pawn something. This is the most crazy offer I've received. A company that profits off of other people's stupidity. No thanks and no thanks, SCREW YOU! More Less
I was told if I paid my loan off, I would be able to borrow more money and that didn't happen. I made my payment on time and even paid it off early. The customer service sucks. It is like talking to alien robots. You loans are "computer generated" so the reps at customer service can't give you information on the process of applying and how it is done. It took them about a month to email me a discussion as to why my loan was denied after paying them ... off right away. Then I called the number on in the email to get more information, as it said I could do, and they reps said: " I don't have access to that information, but the good news it that you can apply for another loan." NO THANKS!! You guys need to work on your customer service department. More Less
Your profit, and interest rate are way to high! You'd make more loans, with less interest!!
DO NOT apply for a loan with this outfit, even if you get a letter in the mail stating that you are pre-qualified. They just want all of your financial information on their application, then they direct you to a website that tells you, you can get an advance if you have a pension fund. Very clever and deceptive. Trust me. Don't give them your SS# or banking information. This is not a lender. They just direct you to another website after they have your information.
No I am not happy with balance credit. There is many lenders they have good service with the customer .
You are a scam and you stole my money I paid off in full being told I could get more if I paid this off, Your review is a lie and I have turned you in to BBB and am contemplating a police report. You owe me a refund.
Online application process is easy and simple especially for returning customers. Funds were available the next day.
I just received an offer and now I can see here that this is not a company I will be doing business with. Shame on you balance credit for preying on people who are struggling!
Good company and I would use them again. Thank you very much.
I have had a wonderful experience with balance credit and will recommend them to anyone who needs a loan
Although the fees are high, the loan I got helped me out tremendously! When your credit isn't perfect it's places like this that helps you out and can help rebuild your credit.
Nice for the loan of $550 but 16 payments of $119 seems extreme. I'm gogint o pay this off early and never come here again!
easy to set up easy to pay got money when I needed it
Balance Crédit are just excellent. There supportive action means so much. We are thankful for there help. Michael M
It was a very easy process to set up an account and everyone I spoke with was friendly and courteous
terrific, very prompt with the funds, very simple process, thankyou
Very quick application and funding. If you are looking for this type of loan, it doesn't get any easier.
It's a great service to use when you need loan money.I love it in will recommend this to my family and friends.
Well, I will say process wise I had no problems at all, never have. my only issue is that once you have numerous through them you should get a serious interest/funding break on a loan...
After reading these reviews...no thank you! This company sounds real shady.
Finance charges are outrageous. They need to have an option to pay off balance or early.
Your rates are just too high but at the time I needed money, your company was the only one I could turn to, but now I realized I shouldn't have did that. Compared to another company I just found, I was better off applying with them as they had rates nowhere near yours and had flexible payment options. After I've paid my balance off with your company, I will not be returning.
Lyle Nelson From New Mexico
I had two payments left and went into a debt consolidation plan because of some other loans. This company reported my balance was over $2500 (it was maybe $700 at the time), won't tell me anything about my own account over the phone, nor will they provide me with my original contract or schedule of payments. Their call center appears to be overseas and they hung up on my debt consolidation firm. Shady!
Don't do it, even if u r desperate for money. LISTEN TO WHAT I am saying....please
Balance credit sucks they are zero out of 5 stars
This company shady don't do it. They will get your information. I was approved and then they verified bank info. Everything accurate and they denied me. They are full of it.
I was sent an email on 12/11/15, stating that they overcharged me on the interest rate and would refund me 0.14. I talked to three different people about that. Apparently they are only refunding that due to one payment which was the last one I made. I asked what about the other payments that were paid on time! They never could explain why I couldn't be reimbursed for the other payment. I don't no recommend getting a loan from this company! They don't even deserve one star!
They had me sign a loan repayment agreement and I gave them a lot of personal information - multiple times and was still denied. They said if I signed the agreement that I had the loan ... liars ....
DO NOT BORROW MONEY FROM THESE PEOPLE!!!! Borrowed $2600, payed $428 every other week for half of the loan term, called em to pay it off and I still owed $2436!!!!! Find another solution to your financial problem, do not do that to yourself!!!
I had applied, but yet they had denied me. They claim that they help people with poor credit. In my case, they didn't. This is a deceptive company.