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Avant

Avant
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Overall Satisfaction Rating 2.12/5
  • 5 stars
    36
  • 4 stars
    6
  • 3 stars
    5
  • 2 stars
    4
  • 1 stars
    106
Based on 157 ratings

This company is not yet accredited. See reviews below to learn more or submit your own review.

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.

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.

PROS

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

CONS

  • High administration fees and APRs

Top Avant Reviews We Found

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Rated with 5 stars
Verified Reviewer

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 highly recommend this company for a personal loan. I have not had any issues with Avant and would use them again.

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Rated with 4 stars
Verified Reviewer

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 it anytime! 4 months in now and all is well, very transparent as of now, very happy!!

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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.

Avant Reviews

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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?
  • 2,433,504 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 2 stars
profile pic of the author
Verified Reviewer
Original review: July 22, 2020

In 2019 I applied for a loan through Avant. There was no jumping through hoops. It was cut and dry. My credit wasn’t great but I was approved for a 7200 loan. Great. Paid it off early. Now I apply for a 2500 loan. I had to send in 3 tax year filings, voided check, and bank statement. We earn great money. We built our house cash, so no payments or rent. It’s off grid so no electric payment or internet. Virtually we have no payments except our cell phones. They denied me!!!! What? A third of the first loan request, make the same money, have no payments and they deny me? I guess it’s best because their interest rates are sky high. If you’re going for a loan try someone else because this company makes no sense.

2 people found this review helpful
Rated with 1 star
Verified Reviewer
Original review: July 17, 2020

This place you do not want to take a loan at there interest rates are extremely high. I was going to pay it off with a credit card and wouldn't let me how ridiculous. Will never use them again. I also was not impressed with there customer service.

3 people found this review helpful

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    Rated with 1 star
    profile pic of the author
    Verified Reviewer
    Original review: March 25, 2020

    RIPOFF-DO NOT SIGN UP FOR THIS COMPANY'S PROMOTIONS. Signed up because of $50 Amazon gift card offer on the radio. Never received and when i called and e-mailed multiple times they only ever accused me of an invalid offer or non entry of promo on sign up. I even called them before sign up to confirm the promo and wrote it down with the time and date of the offer on my Samsung Note.

    3 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: March 4, 2020

    This company obviously will do anything possible to take your money. I applied for a credit card and was approved, I then received an email with info on how to activate the card once received in the mail and how to setup an online account. Along with this email they attached a PDF file, stating it was the Terms and Agreement Policy. For me to read it and save for future reference. So, I immediately read the entire policy. The policy was a joke!!!! It clearly stats that they have the right to charge you higher interest whenever they want, they have the right to wait as long as they want to post to your account any payments you make. They have the right to change, delete any and all on the policy. Etc... Etc... It truly blew me away. It did stat that if you do not agree the Terms of the Policy, You have the right to Cancel your account within 30 days of receiving the card in the mail.

    Well, I immediately sent an email Canceling my account. Keep in my that I haven’t even received a Credit Card in the mail yet, nor do I have an online account setup with Avant. I got a threatening reply, stating they will cancel my account only if I agree to pay my bill in full. So, I asked? What Bill? I never even got a card yet!!! Now they won’t reply. I wish there was a way of posting screenshots on here. I would love to post a screenshot of my conversation with AvantCard. I know got an email saying your monthly statement is ready, and to log onto my account to pay. ???? Seriously????

    19 people found this review helpful
    Rated with 1 star
    profile pic of the author
    Verified Reviewer
    Original review: Feb. 29, 2020

    I will keep this short and sweet, do not use Avant- for a loan, you will never pay it off, it’s a revolving loan. I took a $2500, 3 year loan in 2016, have not missed a payment ever, always on time. Payments were $200 a month! I went on this week to see my remaining balance was $2000! Do that math on that, $200 a month for 48 months and it only knocked $500 off? What happened to the 3 year loan? Please learn from my mistakes and DO NOT be suckered into this money scam! Happy to say I sent a $2000 payment to get them off my credit!

    22 people found this review helpful
    Rated with 1 star
    profile pic of the author
    Verified Reviewer
    Original review: Feb. 16, 2020

    ***BUYER BEWARE. I applied for a consolidation loan and was told after one year if my payments were on time, my rate would be lowered. I had concerns but the person over the phone assured me it would be lowered. I also signed up for automatic loan repayments. I followed their instructions and my incredibly high interest rate was not lowered. The rate remains incredibly high. I called and was told they could lower it but my loan would be extended. To me this is illegal and usury. Do not get a loan with this company at all. Go with someone else. Avoid the headache. This company is based in Chicago and we all know the history of Chicago.

    10 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Feb. 6, 2020

    Do not do business with this company, the customer service & management is horrible. Please read the fine print. They charge a $118 admin fee for this loan and the interest is very high. The customer service is horrible. The agents are very smart mouth and sassy. Customers are not valued. I talked with a young man of Latin origin by the name of Brain, he was the supervisor, his attitude was not friendly & very sassy. I spoke with a young lady before asking for the supervisor, and she also very sassy. The supervisor would not give me the name or number to his boss. The Avant Twitter & Facebook page does not allow you to leave bad reviews. We are also unable to leave comments on their personal web page. The company does not communicate well and it is difficult to get the help you need.

    13 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Feb. 6, 2020

    What these clowns did is go into my account without permission and take money from my account. Now mind you I only use it for direct deposit of my work checks and since I've been off sick my balance was low, but I paid that's fools already from another account this putting me in the negative. I called and they got these non Americans on here who can barely read a page from a kids books assisting me. Long story short I had to get the bank involved and I'm in the process of filing a class action lawsuit. This isn't the first time the idiots did this. Do like Forest Gump and Run Forest Run!???

    17 people found this review helpful
    Rated with 1 star
    profile pic of the author
    Verified Reviewer
    Original review: Jan. 31, 2020

    I WISH I COULD GIVE NO STARS!! RUN. DO NOT DO BUSINESS WITH THIS COMPANY!!!! I was told by a customer service agent that I had to make a payment by today to prevent my account from being charged off. I called to make the payment today then I was told I had to pay a higher amount than what I was told 4 days ago. I was then put on hold and offered a discount settlement amount after letting the agent know that I just wanted to pay the amount I was told was due 4 days ago and then pick up my normal monthly payments next month. Again I was put on hold.

    She came back and told me that nobody put in any notes and insisted that I pay the higher amount. After telling the agent again what I was told I had to pay 4 days prior by today she put me on another hold. Then she came back on the phone and told me they charged off my account today as of 12 am (when they're not open) and that I was suppose to make the payment yesterday so that it would've posted today (this was my 1st time hearing this). I asked to speak to a supervisor and the supervisor told me that she couldn't reverse it and she would have to listen to the call. She never offered to listen to it while I was on the phone. I'm just going to have to dispute this with all 3 credit bureaus asap. I'll never do business with this company and wouldn't ever ever ever recommend them to anyone.

    14 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Jan. 15, 2020

    Obtained initial loan a year prior, they emailed me about Re-Fi or adding additional funds. I opted for additional funds as I had a retainer due for Lawyer cost, the approval date they gave me wouldn't fit the date I needed to submit retainer so I canceled the application while on the phone with Avant. They pulled my normal payment from prior loan from the wrong account as I had canceled the loan with them again while I was still speaking with them on the phone. I asked to have the money refunded to the account and pulled from the correct account and they instructed me to cancel the payment with my Bank.

    I asked to speak with a "Manager" Jen or Jenny and she was ridiculous, reading of a Quo card and I recorded our conversation and informed her I was recording after I realized she was lying to me about correcting the problem. I asked her to send me email stating what she was doing to assist me and she said she couldn't do that...WHAT??? The only correspondence I've received regarding this issue is aggressive emails demanding the payment I stopped at their advice. I've emailed different customer service emails instructing the money be pulled from the initial/correct account and have heard nothing. This is BAD business and they need to be investigated.

    11 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
    Phone:
    (800) 712-5407
    Website:
    www.avant.com