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Is Avant Legit?

Learn more about Avant and read customer reviews

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Edited by: Liz Bingler
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Fact-checked by: Jon Bortin
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Avant is an online lending platform that provides personal loans and credit cards to consumers with less-than-perfect credit scores. Founded in 2012, Avant allows borrowers to apply for loans ranging from $2,000 to $35,000 and receive funds in as little as one business day. WebBank, a bank and lender headquartered in Salt Lake City, Utah, originates and services Avant loans.

After analyzing verified customer reviews, we can say that Avant is a legitimate provider of personal loans and credit cards. It offers competitive lending options for people with lower credit scores who may not be approved by other lenders. However, it’s important to note that people with better credit scores can typically find lower rates elsewhere.

What Avant customers say

Many ConsumerAffairs reviewers reported that they were satisfied with the loan application process and fast funding.

For instance, Belinda, a reviewer from Indiana, said: “They were able to approve me for a loan. I couldn't believe how fast it all happened. [...] I had my money the very next day.”

And Veronica, a reviewer from California, said: “When I first signed up for Avant[,] I was a little leery[,] but they have proven to be very professional and [secure]. If I had any questions or [issues,] [it] was handled efficiently. [...] I [really recommend Avant to anyone] especially if you're trying to improve your credit status.”

Recent Avant reviews

Most recent Avant customer reviewers report being unhappy with Avant’s credit card, such as being charged fees and high rates. For recent reviews about Avant’s personal loans, many customers complain about the company’s customer service.

  • “I think this company is fine as far as setting up loans. However, their customer service is abominable. The agent who answered my call was extremely rude and snippy.” — Ria, a reviewer from South Carolina
  • “They gave me a better APR than other companies. But I am leaving this review for their customer service. [...] I have never worked with any financial institution who did not consider circumstances in processing fees. And then to have a supervisor not even bother to return calls and lying? [So] unprofessional.” — Nicole, a reviewer from Texas

» MORE: Avant reviews

Is Avant a scam?

Avant is a legitimate personal loan and credit card provider that’s been in business since 2012. However, in 2019, the Federal Trade Commission (FTC) sued Avant over unfair and deceptive loan servicing practices. In 2022, it announced that it would return more than $3.8 million to Avant customers who lost money.

Customers should always exercise caution when taking out a loan. Make sure to research lenders, read customer reviews and carefully read all loan details, including terms and conditions, before signing a loan agreement.

» MORE: Personal loan scams: what they are and how to protect yourself

Compare Avant to other personal loan companies

Here’s how Avant compares to other personal loan companies:

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FAQ

How quickly can I get funds from Avant?

Avant provides funding as soon as the next business day, which is in line with what many customer reviews report.

What fees does Avant charge for personal loans?

Avant charges an administration fee of up to 9.99%. It also charges a late fee of $25 and a returned payment fee of $15.

What credit score is needed to qualify for Avant?

Avant does not disclose a specific minimum score. However, it states that most of its loan customers have credit scores ranging from 600 to 700.


Article sources

ConsumerAffairs writers primarily rely on government data, industry experts and original research from other reputable publications to inform their work. Specific sources for this article include:

  1. Federal Trade Commission, “FTC Returns More Than $3.7 Million to Consumers Harmed by Online Lender Avant.” Accessed May 19, 2026.
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