Avant

Avant

 3.6/5 (49 ratings)
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About Avant

Avant provides personal loans and credit cards with no hidden fees. Its personal loans range from $2,000 to $35,000 with APRs between 9.95% and 35.99% and term lengths from 24 to 60 months. Many customers receive funds the next business day. Avant credit cards have an annual fee of $29 and a credit limit of up to $1,000.

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    Overall Satisfaction Rating

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    Pros

    • Flexible loan terms
    • Mobile apps for iOS and Android
    • Fixed payments

    Cons

    • High administration fees and APRs

    Bottom Line

    Avant is a loan company that specializes in lending to middle-income borrowers. The company offers debt consolidation and personal loans, as well as emergency and renovation loans.

    Top Avant Reviews

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    Rated with 5 stars
    Verified

    I had a quick and easy loan process with no hiccups. Yes, the interest rate is high but... The website and customer service is customer friendly and easy to deal with. I would hig...

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    Rated with 4 stars
    Verified

    I could not believe how fast and easy it was to apply and receive my deposit! Went on the website and I could see all my info and payment dates, auto pay is great and I can change...

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    How does Avant work?

    Avant offers personal loans based on a customer’s creditworthiness. You can preapproved within 15 minutes — which gives you an idea of what rates they can get — with no effect on your credit score. Avant’s personal loans range between $2,000 and $35,000 and have terms between 24 and 60 months. You can get your money as quickly as the next day after approval.

    The Avant credit card helps customers build good credit and has no hidden fees. The application process is simple, and customers can see if they qualify without a hard credit inquiry. The card has an annual fee of $29. As long as you're a responsible borrower, it's a great way to improve your credit history.

    Avant loan rates and fees

    Avant's annual percentage rates (APRs) fall between 9.95% and 35.99% — the company chooses the APR based primarily on your credit score. For those with a lower credit score, Avant loan rates are comparable with what you can find at similar companies.

    Loans have a late payment fee of $25 and a returned payment fee of $15. You may also have to pay an origination (administration) fee of up to 4.75% on your loan. However, there are no prepayment penalties if you want to pay your loan off early.

    Avant credit cards

    Avant designed its credit card to help customers improve their credit history and health. The company typically offers credit limits between $300 and $1,000 with a variable APR of 25.49%. Avant's online portal allows for 24/7 payments, and the company is transparent about its costs and fees. Credit cards come with a $29 annual fee, no foreign transaction fee and a late fee of up to $35. If you're looking to improve your creditworthiness, an Avant credit card may help build credit scores when used responsibly.

    Avant FAQ

    Does Avant check your credit?

    Avant does a soft credit inquiry when you apply for preapproval, then a hard credit inquiry in the later stages of the application process.

    How long does it take Avant to verify your information?

    Avant boasts speedy approval, so the verification process is quick.

    Can I get a second loan with Avant?

    No, you need to pay your first loan in full before taking out another loan. However, some unsecured loans are eligible for refinancing.

    Does Avant hurt your credit?

    Inquiries only require a soft credit check, which does not hurt your credit. However, if you choose to continue the application, it performs a hard credit inquiry, which can temporarily lower your credit score by a few points.

    Is Avant a payday loan?

    Avant is not a payday loan. It offers loan terms between 24 months and 60 months.

    Does Avant require collateral?

    No. Avant offers unsecured personal loans, so it doesn’t require collateral.

    Is Avant good?

    Avant is a good option for someone whose low credit score affects their ability to borrow from most banks. Responsibly paying down your loans helps improve your credit health. However, those with better credit scores may find lower rates elsewhere. Avant’s transparency makes sure customers understand the terms of their loans.

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    How do I know I can trust these reviews about Avant?
    How do I know I can trust these reviews about Avant?
    • 4,010,213 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.

    For more information about reviews on ConsumerAffairs.com please visit our FAQ.

    Page 1 Reviews 0 - 10
    Rated with 1 star
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    Verified Reviewer
    Original review: Sept. 12, 2022

    A credit card company that you can’t call? I have wasted so much time this last month trying to reach a human being. The only way you can talk to someone is if you’re reporting the card lost or stolen and then they pass the info on. The company without warning put charges back on my account from 7 months ago from fraudulent charges and now want a police report. The timeframe is ridiculous but if they would’ve at least called me or giving me a heads up but now my accounts negative now. I don’t know what’s gonna happen with payments now. It might’ve messed up my credit score. I don’t even know. And the fact that they’re the ones that noticed the charges in the first place and let me know and now suddenly they’re suspicious? Huge Mistake going with Avant.

    Be the first one to find this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Aug. 9, 2022

    I paid my Avant credit card balance in FULL on August 3, 2022. Avant accepted my payment on August 4,2022. Avant still has not promptly added the funds to my available credit still to this day. I have contacted Avant customer service and tells me that it can take days for a payment to post. Why are they holding payments they already accepted for? I called, I emailed and they keep stating it will be 7 to 10 to post. But you posted my payment on the account so why not just add the darn payment when it was accepted?.

    I don't know why Avant wants to hold payments in this day and age where everything is digital. Even the checks I write for my rent gets canceled the very next day. Because the apartment complex does digital checking and it is sent as soon as it is photo copied and sent to the bank digitally. I believe Avant is holding funds so they can still charge interest or fees. Oh wait they are no longer allowed to do that if they already accepted payment. They are no longer allowed to charge over the limit fees if payment has posted to account and not yet set up on available credit. I think they may be facing another class action law suit or a fine by the FTC again.

    3 people found this review helpful

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      Rated with 1 star
      Verified Reviewer
      Original review: June 20, 2022

      Updated on 7/4/2022: It's the 4th of July and Avant has blocked my card yet again. My currently balance is 10% of the entire limit. I called and they are closed for the holiday. Ironic. If, I closed the account it reflects badly on my credit. There has to be a way for Avant to be held accountable for doing this. It makes absolutely no sense to continue to block a card that has only 10% of its limit used. There has to be a way to get help out of this card and hold Avant accountable. I would like to give them a 0 rating.

      Original review: Avant blocked my credit card 2x in 3 months. The first time that it happened, I thought it was just a blip. I called and it was resolved right away. My card has 0 balance and I tried to use it today only for it to be blocked. I called and was told that I had to wait for 1-10 days before I could use it. Is this legal? What if I had an emergency, like a tow truck? I would have been stuck. Avant does this and you are not notified via email, text or phone that your card is locked. How can this be legal?

      10 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: May 15, 2022

      Avant blocked my account for fraud. I did not report it as lost or stolen. Avant put a block on my card. I have a medical emergency and need to use my card asap. I called Avant and they said because I didn't call them when my card was declined in the past that Avant took my rights away to use my own credit. My son is in need of medications. He is moaning and hurts. Avant will not unlock my card even through there has been no fraud. My son is now suffering and I will be taking him to emergency at the hospital and if anything happens to him I am suing Avant for not allowing me to use the available credit that I have through Avant. Your representatives are rude and hang up on me, laughed at me, berated me for asking to have them take off their block.

      I am a mother watching my son suffer due to you, Avant, for not allowing me to use the credit given to me through your service. This is unfair and horrible for me to know that I cannot access my own credit and this is a dire emergency. I have used this card before at the same medical facility and it was declined. I called Avant and they put it through. This time, using the same facility, they refused to unblock my card. This is a matter of life or death and if anything happens due to Avant being overzealous I will have to seek advice from an attorney. Nobody ever told me that I would have to call Avant any time my card was declined, I just thought I reached my spending limit for that day. So I didn't bother. They said this is the reason I am blocked.

      How can Avant decide for me if I have my card blocked???? This is ridiculous and I will call the news, I will call my attorney and I will take my son to the hospital due to not getting the medicine he needs to survive due to Avant blocking my credit, for being hung up on time and time again by Natasha and the people in a foreign land whom I couldn't understand their english and they don't understand this is an emergency. I wouldn't recommend this credit company for any reason. Get it and it will be one hassle after another.

      10 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: April 25, 2022

      My identity was stolen, and I keep finding other attempts to steal my credit. Avant Credit Card was the latest. Once I called them, they said they would shut down the line of credit and refund the annual fee. But, they did not, and refuse to do so until I prove that it was fraud (though I have already proven my identity). With no charges and no losses, shut it down before the thieves have a chance to do damage. Do not support a card that supports ID Theft over Victims.

      8 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Feb. 16, 2022

      Do Not Borrow From these people! They intentionally seek to harm your credit so you are forced to borrow from only them. First by reporting late payments as 30 days weeks early. Attempt to hit your bank multiple times in one day even when you already paid. Take weeks to credit your payments. Call you unrelentingly 7 times a day even after you made payment arrangements. Offer payment assistance that basically puts your account into collections. Limited on type of payments they will take making it harder to pay them. Please stay clear. Thank you

      14 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Jan. 4, 2022

      Had perfect pay history with them for 1 year. They made 15.79 off me in one year on interest charges. Then I got a notice that I applied for another credit card from them 12/18/2021. Never did and they refused to explain how it happened. Cancelled and shredded my card and they are refunding me my prorated annual fee. Don't trust this company.

      10 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Nov. 25, 2021

      I got a loan from Avant financial. Mailed a payment to them at end of Sept. They stole my payment. Did not apply it to my account. I made another payment by phone. They did not apply it to my account. I'm going to take legal action.

      12 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Oct. 27, 2021

      Credit Karma recommended the Avant Card and I applied and was accepted last month. I have less than stellar credit and am trying to rebuild my credit so I jumped through all the hoops. I made two charges and within days paid off the amount in full. I "connected" my card to my bank account since I was instructed that the payment would be received and posted faster. On the 1st transaction it was (3 days total).

      The second set of transaction was a different story. The "annual fee" was charged and this brought my account over limit. I immediately paid the entire amount which came out of my bank account the next day. Avant's dashboard showed that the payment had been made and posted on the 21st. However, the dashboard showed no available balance and that I was indeed still -$53.00 over limit. Avant acknowledged that yes, they received the funds and yes, it was posted to my account on October 21st but that it could take up to 10 days for it to show on my account.

      I called three times to ask for an explanation and to have this corrected. Was told that they could do nothing and that I would have to wait until the 28th for there to be a change in my account. I asked for a supervisor three different time on three different phone calls only to be told that one would get back to me later that day. To date, no response.

      I feel that I have been taken advantage of. They have my money and I owe them $0 since October 21st. Thank God I have another credit card (Cap One who is great). Will put this card in the drawer and take it out once in a while, make a small purchase and pay it off immediately and close this account asap even though it will ding my credit which I am trying so hard to rebuild on Social Security.

      10 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: July 5, 2021

      I opened a credit card with them about a year ago. All was fine and well. It was a 300 credit card. Used it, paid in full and then I call 4 days after my payment posted to my cc account and my bank account and was told that my available balance would be withheld for 9 days. I asked why and was told the system determined it. I said, "Ok can you release my available balance," was told no. Then I stated, "Ok so you can't tell my why the "system" placed my available funds on hold for 9 days, how to avoid it in the future and you cant override the system to release my funds." Rep argued with me and said they gave me a resolution. No that's not a resolution. Closed my card. Waste of time.

      14 people found this review helpful

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        Avant Company Information

        Company Name:
        Avant
        Year Founded:
        2012
        Formerly Named:
        AvantCredit
        Address:
        640 N. La Salle Dr., Suite 535
        City:
        Chicago
        State/Province:
        IL
        Postal Code:
        60654
        Country:
        United States
        Website:
        www.avant.com