Balance Credit claims to have been “built for when things don’t go according to plan.” Oftentimes, borrowers face a gargantuan task when trying to access emergency funding. Obstacles range from low credit scores and complex application procedures to slow approval processes and collateral requirements.
Balance Credit seeks to address the various challenges that stand in the way of fast and convenient funding access.
In this review, we would like to take a look at its key strengths as well as weaknesses. By the end of it, you should have a clear picture of whether or not it is the loan service provider for you.
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- Loans From $100 to $15,000
- Instant Application & Approval
- Bad Credit Considered
- Lenders From All 50 US States Onboard
What is Balance Credit?
Based in Chicago, Illinois, Balance Credit Personal Loans is a product of Braviant Holdings LLC. The company has been in existence since 2014 and is currently available in 10 states across the US.
It specifically targets users who need emergency cash. Its strongest selling points are the fact that it offers an easy approval process and fast access to funding. The institution’s main forte includes credit services and unsecured, personal installment loans for customers who need money fast.
Among its distinguishing factors is the fact that it offers options for both good and bad creditors. Claiming to offer a convenient alternative to title and payday loans, its funding is usually available in as little as a day.
The company makes approval decisions in a matter of seconds and does not charge early payment penalties. Its installment-loans are subject to fewer stringent criteria than traditional loans and do not necessarily require collateral.
But in much the same way as they offer lots of advantages, they have some serious downsides as well.
Pros and Cons of a Balance Credit Loan
Balance Credit Loan Vs the Competition, how does it Compare?
Founded in 2014, Balance Credit is a lending company trying to make it easy to access personal loan faster by lifting the hurdles involved in the application process. The company boasts of fast loan approval process and instant access to funds with less stringent requirements. Tittlemax, Check n Go, and Advance America also focus on making loan easily accessible to at fair terms and interest rates. Here is how these providers compare to each other: