Good for Those With Limited Options
If I had a 750 FICO score or family members willing to lend me 7K, of course I wouldn't have taken out a loan with Avant. But my sore was only 645, and my family is always broke. I am grateful Avant took a chance on me. The application was easy. I received the money in two days, and my payment was only $287/month for the next three years. I never made a late payment, but sometimes I took advantge of the 10 day grace period. However I did that knowing full well additional interest would accrue. That's a loan 101. I read several one star reviews for Avant from people complaining about the extra interest they were charged for extending their due date. I SMH at those people because they clearly lack the financial maturity needed to borrow money. I got myself back on track to pay my loan off on time by paying on the original due date again and increasing my payment a bit. (You can adjust the payment amount just like you can the due date.) Thanks to Avant, I got the cash I needed, and the manageable repayment terms helped to increase my credit score. The only negative thing I have to say about them is their customer service department is terrible. You have ot search for their 800 number, and when you do call them, they speak loosely. You will not get a definite answer from them about anything. They want to profit from customer confusion. It's not right, but it comes with the territory of subprime lending.
But I digress. Avant is a hassle free option for those with no other choices. Just make your payments on time, and you'll have no problems. Easy :).
Happy to get approved
Happy but I didn't get the 0 annual charge. It's $39 a year which is less than others but I was approved same day and card arrived in 5 days so that's great!
So far so good...
So when I first got this card I had a major problem I was so upset. They took the whole statement balance as my first payment and I had maxed it out during christmas, So their went my whole paycheck haha. I havent had that problem since though thankfully. My limit was raised and its been doing great. Ive since downloaded the app and all has been well. Might have just been a fluke with the internet I suppose. The stuffle was real.
Sorry this was a review for the card not the loan but the company is great so far haha
Huh?
BTW, Who is the 75% that rated this so well? Definitely false reviews.
Wish I could give zero stars.
This company is so terrible because they are not transparent at all with the consumer about how much you actually owe them. They take advantage of people going through a hard time. Literally the devil. I just submitted my final payment and I am so glad to be almost finally done with them. I am just praying they don't try to pull anything crazy at the end of this.
Easy, fast processing
Streamlined process. They asked for paperwork and I sent it. Easy Peasy!
Thank God no problems
I obtained a loan to pay down/off debt. Application was easy and quick. Accepted and funds in my account very fast. The automatic payment is great. I have read some of the negative reviews and I can say I am so glad those problems have not happened to me. Thank You.
Beware of their payment practices
I recently got a Mastercard from Avant. A few days after I made my payment I noticed that it was not reflected on my card balance. The payment had already cleared from my bank account. I called Avant to find out why my payment was not showing in my balance. They stated that it takes 1-10 business days to be reflected in your balance. That is ridiculous. If they receive payment, there is no reason to take that long to post the payment to your account. It ended up being almost the 10 business days by the time it showed in my balance. I since made a second payment with the same results. The only reason I am not closing this card is because it will hurt my credit, but this card will be paid off and just sit there. That is such a horrible practice!!
Antiqued Process
I made a payment of $350 on my existing account and it takes them 10 business days to update my balance!! Up until now they have been an ok starter card but this is ridiculous! The only explanation they can offer is that is their process. But they deduct the funds within 24 hours of me making the payment.
It's ripped off don't let them still your money
Ripoff!!
I sent 100 extra dollars when I closed the account they literally told me that I wasnt entitled to the extra 100 back even though it wasnt part of their interest. The rates are as high as a junkie on meth . And when I tried to refinance they only offered me a 1% interest drop from 29 to 28. Do not use this loan to build credit there are better options.