Personal Loan Reviews Advertiser Disclosure

Balance Personal Loans

2.3 out of 5 stars
3 Reviews

From Borrowers in the last year


Application Process

3.5 out of 5 stars

Customer Service

3 out of 5 stars

2.5 5

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These reviews were written by current and former borrowers in the last year.

Jun 22, 2016
Ramez66 Borrower

I got the loan in February and was making the payments directly form my account twice a month with absloulty no problems. Suddenly they sell my loan to a collection agenacy with no instructions on what the next steps are. 20 days after they sold it, I am suddenly getting a call from a lwayer hired by the collection agenacy to seattle the account. No warnig no reasons why no answers

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Feb 09, 2016
Proceed with extreme caution!
Redapple81 Borrower

I took out a loan with Balance Credit in December 2015 and borrowed $1,500. When I called yesterday (Feb 2016) for the pay-off amount and I was told that it would be $1,785. They have been taking payment bi-weekly from my bank account and you would think the balance would go down instead of go up. I will not ever take another loan out with these people. You get money to get out of a financial whole only to end back up in one when dealing with high interest rates with companies such as these. I say please take extreme caution when dealing with Balance Credit. There are other personal loan companies that will allow you to pay them back monthly instead of taking payments out every time you get a paycheck. 

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Nov 09, 2015
Easy Application and funding
mhetrick Borrower

Yes, their rates are high but if you need money in a pinch they are there and complete the funding.  Be sure to be able to afford their fees!.  For example, a $100 in Texas for me cost $214 over a period of 10 payments ($110 was their CSO fee).  Just completed paying last week, originated in June.

Overall didn't have any problems with them and even chatted with their customer support a time or two.  You can pay off early and reduce some of the interest, but not the CSO fees.  Also, they say they report to credit, but I never saw the entry on mine. 

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**Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based on analysis of information provided by the consumer and available rate information from lenders. While efforts have been made to maintain accurate information, the loan information is presented without warranty and the estimated APR or other terms presented do not bind any lender. Lenders generally have a range of available APRs (for example, a lender’s range might be 2% to 12%) and only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, vehicle information, credit usage and history. All loans are subject to credit review and approval. Additionally, model year, loan-to-value, minimum loan balance mileage, income, debt, etc. restrictions may apply. When evaluating offers, please review the lender’s Terms and Conditions for additional details.