The only drawback with Avant is the rates. Coming up on the end of my loan with Avant in January 2021, I had a need to get another loan and considered doing it with Avant. They were only able to offer me a high rate near the one I had on my first loan when I was far earlier in my credit rebuild. I would have considered paying them slightly more because they have been wonderful to work with and have a very nice app, but in the end I found another good lender who offered me a rate less than half what Avant did. If you are in a situation where you are stuck with only high rate options, Avant is great to work with. If you can do better on APR, you should. I did. But I do appreciate Avant for the role they played. I think it's the role they intend to play, and it is important.
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Most Helpful Negative Review
I applied and got a $5K on a 36 month loan 2 years ago which I'm still paying. I was happy with this company, it was perfect. I have excellent payment history with 24 on time payments and 12 left to go. My husband went on unemployment in March due to the pandemic and we've been managing as much as we can but light bills have been relentlessly $3-400 over what we normally pay because of the Texas heat and it's getting harder to stay above water, especially since we do not qualify for any assistance. I called Avant and was told I can apply since their minimum requirements are at least 6 on time payments and $2000 to refinance. I exceed both of these so I applied. To my dismay I was rejected and told it will take 30 days for them to tell me why. I'm not faulting the people who work for the company, they are very nice and just doing their job. I'm appalled at this company and how they choose to do business with their good paying customers. I have referred people to this company but I will discourage anyone from taking a loan from this company going forward. Especially during this pandemic and in a time when the government won't even help their citizens. I doubt this company has any real value in their customers and wish I could pay this off sooner and be done with them for good. They will turn their back on you too. Consumer beware!
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**Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based on analysis of information provided by the consumer and available rate information from lenders. While efforts have been made to maintain accurate information, the loan information is presented without warranty and the estimated APR or other terms presented do not bind any lender. Lenders generally have a range of available APRs (for example, a lender’s range might be 2% to 12%) and only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, vehicle information, credit usage and history. All loans are subject to credit review and approval. Additionally, model year, loan-to-value, minimum loan balance mileage, income, debt, etc. restrictions may apply. When evaluating offers, please review the lender’s Terms and Conditions for additional details.