When you’re looking to get cash quickly, a low credit score can be a stumbling block. But installment loans generally come with fewer strict criteria than traditional personal loans. Balance Credit can lend you money in a pinch — even with poor credit or no collateral. But watch out for limited state availability and potentially high costs.
$100
Min. Amount
$5,000
Max. Amount
| Product Name | Balance Credit installment loans |
|---|---|
| Min. Amount | $100 |
| Max. Amount | $5,000 |
| Loan Term | Up to 3 years |
| Loan Security | Unsecured |
| Requirements | Must live in CA, DE, ID, MO, MS, NM, OH, SC, TX, UT or WI. Must be 18 or older and have an active bank account with a proven source of income. |
Balance Credit only serves residents in California, Delaware, Idaho, Missouri, Mississippi, New Mexico, Ohio, South Carolina, Texas, Utah and Wisconsin? If you don’t live in one of those states, check out other installment loan options.
Balance Credit is a direct lender in California, Delaware, Idaho, Missouri, Mississippi, New Mexico, South Carolina, Utah and Wisconsin. It also operates as a licensed credit services organization that connects borrowers with a lender in Texas and Ohio.
Its loan terms are up to 3 years in some states for as little as $100 to as much as $5,000. If you’re a resident of Texas or Ohio, Balance Credit works with financial institutions that can lend you anywhere from $100 to $2,500.
After completing Balance Credit’s free online application for an unsecured installment loan, you’re typically provided a decision on your loan within a day — sometimes in minutes. Once you’ve carefully read and accepted the terms and conditions of your loan, your funds will be deposited into your bank account, typically by the next business day.
Balance Credit offers three repayment options: biweekly, semimonthly and monthly.
Choose your state of residence to see loan providers in your area.
Yes. Balance Credit is a trustworthy installment loan and credit services company. It is licensed and regulated in the states it services, and its website employs data encryption to ensure that your financial and personal information don’t fall into the wrong hands.
As of October 2018, Balance Credit scores a respectable 7.7 out of 10 on Trustpilot. Former borrowers praise its quick application process, although some have had trouble with making payments and state that the loan isn’t very transparent — the receipts borrowers have been sent don’t state how much is left to pay back.
Before you apply, make sure you’re eligible. You’ll need to meet the following basic requirements:
Here’s how to apply for a Balance Credit loan, step-by-step with screenshots.
Once you’ve read and understood the terms and conditions of your loan, stick to your payment schedule. If you miss a payment, you may be subject to a late payment fee. If you’re having trouble making a payment, contact Balance Credit at (855) 942-2526 or email support@balancecredit.com — Balance Credit be willing to work out an arrangement that can better get you back on track.
Balance Credit is a reputable lender that can provide quick funding to people in a bind. You don’t necessarily need to be employed, and you could potentially borrow up to $5,000. Just remember that the states it services are limited, and always read the full contract before you sign to make sure you know exactly how much your loan will cost.
You should also consider comparing your other installment loan options to see if you can get a better deal. And if you have decent credit and time to wait for the funds, explore other alternatives to short-term loans.
What does Balance Credit consider an alternative form of income?
Even if you aren’t employed, you may still qualify if you receive income from
What does it mean to be a credit service organization?
Credit services organizations are designed to connect you to third-party lenders. Balance Credit is a credit service organization in.
Can I make additional payments with Balance Credit?
Yes. Balance Credit allows you to make additional payments and even pay off your loan early at no extra cost.
What will my payment schedule look like with a Balance Credit loan?
Depending on your loan’s size, you could repay your loan weekly, twice a month or monthly.
How can I reach Balance Credit’s customer support?
You can call a Balance Credit representative by phone at (855) 942-2526, email support@balancecredit.com or visit its website for live chat.
Balance Credit installment loans is not currently available on Finder
Have you considered OppLoans Installment Loans?
Comes with the option to change your due date so you won’t fall behind on repayments.
