IRVING, Texas, Nov. 17, 2015 /PRNewswire/ -- SunUp Financial, LLC, (dba Balance Credit), a leading online lender to hardworking families and individuals, announced today it has expanded its consumer credit services into the state of Ohio. Balance Credit, in partnership with Bastion Funding, enters the Ohio market in time to assist Ohioans who need a quick and convenient alternative to payday and title loans throughout the holiday season.
"Ohio is an important state for Balance Credit," said Jason Hutton, CEO of Balance Credit. "A recent FDIC study indicates that 1 in 5 Ohioans are under-banked; they have checking or savings accounts but rely on alternative financial solutions. Balance Credit looks forward to helping these nearly 1 million consumers in Ohio." Hutton continued, "We've had great success operating under the CSO model in Texas so far. Now we have developed a similar solution for the Ohio market."
With today's news, Balance Credit now arranges unsecured credit services in Ohio as a credit services organization (CSO). As a CSO, Balance Credit originates loans which are financed by an unaffiliated third-party lender. Ohio marks the eighth state where Balance Credit operates, including California, Idaho, Missouri, New Mexico, South Carolina, Texas, and Utah.
Balance Credit is an online provider of unsecured personal loans and credit services that assist customers with urgent cash needs. Loans made available through Balance Credit are a quick and convenient alternative to payday and title loans.
About Balance Credit
Headquartered in Irving, Texas, Balance Credit (SunUp Financial, LLC) offers unsecured, personal installment loans and credit services to customers in need of a fast and convenient source of additional cash. Using advanced analytics and proprietary technology, the company helps customers across the credit spectrum gain access to loans currently from $100 up to $5,000 and with terms up to 36 months. The company is licensed and regulated in each U.S. state where it operates. Balance Credit's mission is to provide consumers a fast, secure and simple way to apply for loans and credit services at its website, balancecredit.com.
SOURCE Balance Credit