Avant

I am just applying with AVANT. I was approved. I need it say to now just upload a bank statement to the account i am having it wired into. That is a simplified step. (or bank log-in info) i don't know about that part. But i am still reviewing today with the folks to ensure i should go with AVANT or WELLS FARGO(whose rate is only 8 to 10%)as i also plan on paying it off early. I am happy with a fairly good score 600-631 i can get a loan for my continued survival,legal fee(s)involving a lawsuit i have pending,and we plan to settle by or before new years 2016,so i will pay it off either way quick. THANKS AVANT,for giving my family a chance to continue to live and stay focus to pay off few debts to eat,survive and we will pay you back in full when lawsuit check come in 3 to 5 months,thank you.More people need to be like you avant.

Everything started when I was desperately looking for a loan for an emergency when every single lenders refused to offer me a loan. Lo and behold a loan officer from Avant personal loan sent me a contract for $5000 at 7% APR for 36 months. Sounds like a good deal which I accepted. The real hidden danger comes from their application which requires you to put down your personal bank login details for "So that reason we need your online mobile banking user id and password because when we deposit your loan amount in to your bank account at that time we take a picture of the transaction and keep a “Digital Records” on your name. If you trying to run with loan amount or if you skip any installment so that time this “Digital Records” will help us to take a Legal Action against on you, you’re “Bank Account” and you’re “Social Security Number”. Because at that time we can proof yourself that we deposit your “Loan Amount” on this specific Date, Day and Time." Although skeptical at first and talking with them, they assured me that they will only use it to verify my account and also send in a check for an amount between $300-$1000 for their so called verification process with the company money to make sure that your account is not a fake account or that you'll run away with the loan once deposited. Once that's done make sure you change your username and password to your online banking as they also advised as well. The real danger comes when you have to send the money back by either Apple gift cards or Cash App transfer. They say once the transaction department gets the information they would work on sending out your loan amount to the bank account. Little did I realize that the checks they login to my online bank account was very likely a fake check to which later caused a lot of problems with my bank that ultimately led to my account closure and ending my banking relationship sadly. Now by this point, you'd think I'd get my loan already, but nope. The transfer failed and they closed my case thinking I've received my loan amount. By this point, I've already lost about $600 because the deposited "fake" checks were sent to both my checking and savings account and that they won't proceed without the full amount being paid back within a 24 hour window or else you'll have to do it again due to the transaction department timing. Because of work timing, that's difficult to do and sadly this resulted in an accumulated lost of $600 to which the loan officer said they will include that money back into the account with the loan transfer as they say "its your money that we are sending back." Later, the transfer failed and their payment gets returned. After discovering it, I called them to clarify what happened. Apparently their ACH transfer failed, so now according to their transaction department, there's a $1200 transaction fee to which they will try to send that amount to you then you have to transfer back to them through a 3rd party banking transfer or Apple gift cards. So I successfully got a Zelle transfer of $1000, not the full amount due to the other party's transfer limit. When they tried to send the remaining $200, it somehow failed and told me that I need to come up with the remaining amount so that they can send the loan amount with any additional money you put in. Keep in mind that this is a 20% transfer fee that the company is supposed to pay which is insane why I have to go through this multiple transfer craze just to get a simple loan. Also, they don't accept anything less than a $100 Apple gift card and I unknowingly due to store limitation got $50 cards amounting to $200. That didn't go well and now I have to get a card of $200. Even after repeated inquiries and assurance, I never got my money back or the loan. Once again, expressing my frustrations why they won't just direct deposit this, and so it's their company policy and transaction department that I need to pay the fees so that they can send my money and the loan back while not budging despite my precarious financial situation. After so many rounds of failures and calling for clarifications, then they tell me I need to send another $400 for the transaction fee which by this point, all my banking relationships are in dead water due to this stunt. And they say once they have received the $400 that they will direct deposit the amount into my 3rd party banking app which thankfully still kept my account open while everyone else closed their doors on me. They say that they are just a click away from direct depositing the money into my Cash app account, but won't do it until I send the $400 which they will add back into my account. In the end no money means no saving grace for you. This whole situation left me devastated financially, emotionally, and mentally. Never trust this loan company otherwise you could be in this situation worst than you thought

I borrowed $8400 and they gave me $7900 after up front fee was taken out. My interest rate is 35%. I applied one day and the money was in my account the next day. I also applied at another company that also put money in my account and the interest rate was 25% (Lending Club). I tried to get them to take the money back and they told me I would still have to pay the up front fee but the other company said if I left the money in the account they would take it back in 2 days and not charge me (lending Club). I have been making payments for 8 months and the principle paid each month ranges 174 to 112? I called to complain and they have no idea what I am talking about so I asked for an amortization schedule and they would not send it. I tried to explain the principal should be higher each month as the balance gets paid down. If you are planning to pay off early the the principal balance will be wrong.

Avant gave me a $15,000 loan 6 months ago. I sold my house and paid them off. However I have been trying to get a new loan and they said they called my employer. I have had to restart my loan three times now because someone at avant can't do their dang job and call during normal business hours or just call in general to verify employment even though I have submitted 4 pay stubs from the US Army to them. Never had this problem on my first loan. Would not suggest to anyone to use them.

I got a loan from Avant in December 2017, I paid the entire loan on Jan 3, 2018. Their payment dashboard is always incorrect. I paid the balance showing on the the dashboard (which was incorrect) and on May 2019 I received an email telling me a had a payment set up for automatic withdrawal on June 7, 2019. This is was the first I heard from since making the payment in 2018. After numerous emails and calls. I was informed I had a balance and it had accrued interest for over 17 months. They never even contacted me prior to this email. Their practices are deceiving and misleading. Be very careful when dealing with them. There dashboard is never accurate, I currently owe them $220.00 and some dollars but their dashboard showed I owe 6 more payments of $584.00. They hardly ever respond to written communication and when calling, they don't give a straight answer, they try to confuse you.

Avant Double Billed me. They promised to take my payment that I payed early and apply it to my loan. I have used this pre-pay process in the past, with success. For some reason, this time they billed me. They used the payment I payed, along with the monthly draft. The second payment overdrew my account. There were 5 NSF fees for other charges that were outstanding. The bank wouldn't refund those moneys. The amounts however were payed since I have an agreement with the bank to pay if I have direct deposit and an overdraft in my savings. I called Avant to get a resolution. They promised me in 8 business days the money would be refunded to my account. Then a few more days went by. I didn't receive any information. I called repeatedly. Still, promised the money would be refunded so my NSF's would be refunded by the bank. After 21 days have passed, I finally called and they said my request was rejected. I couldn't object, or appeal to their refusal process. I was slightly disappointed. Nevertheless, I contacted my bank to alert them of the possibilities that this company may be taking money out of the accounts of the persons they do business with, without their knowledge or consent, or reversing mistakes that may have possibility happened as a result of their procedures, or as a result of electronic malfunction. Unfortunately, others should be made aware that their processes allow for these types of mistakes, which can result in many over draft charges, and other types of fees that a person may normally not expect. With the addition of these new fees as part of the responsibility of taking out a loan with Avant, I thought it pertinent to share my experience with the BBB. Although they have an A+ Review, taking money out of a person's account unexpectedly is the new norm. It's unfortunate, but true.

I have a loan with Avant, and it was a short application process and I got the money I needed the next day and even though the rate is high, it met my needs at the time and I can pay it back at any time and get a better rate. The loan is easy to keep track of and they want to help you get a better rate.

I’d avoid doing business with them at all costs. My experience you must pay on time or get harassed, if you fall behind even by one business day you will get endless Debt Collector calls. Personally I understand they do want their money, however calls after Midnight up until 1:30AM is excessive and considered abusive practices under The Fair Debt Collection Practices Act (FDCPA) guidelines meaning they can call between 8am and 9pm, your local time. Upside you get fast approval, downside you get high interest rates forced onto automatic ACH monthly payments regardless unless you contact them to opt out. The biggest con about Avant they respond as collections if you happen to run behind even one day past your due date the collection calls begin, with the intent to behave as a collection agency.

There are 6 reasons why Avant’s processes may mislead you. 1) (ClearScore) you are told that you have 100% chance of being accepted and been pre-approved for the loan on the understanding that the information given is accurate. This is NOT the case. In fact in my case this a lie as I provided you with evidence supporting things like my income. 2) you will be given a contract to sign, giving you the impression that the loan has been granted. Normally you don’t sign an agreement unless you have been offered something. 3) you will be given a payment schedule, again giving you the impression the loan has been accepted. Why would I be interested in scheduled dates and amounts you are going to collect from my bank account unless I had entered into an agreement? 4), you will receive an email asking you to confirm your bank details for Direct Debit payments again giving you the impression your loan has been accepted. Why would you need to confirm my bank account details unless you were going to make or receive a payment? 5) You receive an email saying your Direct Debit is set up and money will be taken from your bank account as long as the mandate is approved by your bank, again giving you the impression that your application has been accepted. Why would you set up a DD for something that still had a chance of failing? Im in a lucky position where the loan was more helpful than a necessity. But if you were desperate and mislead like I was I can see a rejection being much more painful. When pointing all this out to Avant they concentrate on the rejection rather than the point that they are misleading people in the process as they think this would be the most important thing. Just be very very careful and do not consider you to be successful applicant no matter what they send in writing or say. You really will only know when the money is in your bank!

Hi there, I apply 2 months ago and got approve for what I ask for. I apply on Frinday by 1130pm and got the funding Monday morning. Easy process. Thank you Avant!

Poor, pathetic excuse!!! Sad!!!! Unbelieveable!!!!! I live in Colorado which at the time of applying online, I didn't realize that it mattered which state a person lived in. I applied for and received into my checking account $4100. I repaid in loan, in full, with 3 months,...3 MONTHS!!! Having never missed or been late, with any payments. I used the loan mainly for my business startup. Well, I checked my Avant account to confirm the loan payoff, and the message along with the confirmation stated the after about a month, I would be able to apply for another loan. BS on Avant. I've tried several times since September, even emailing their customer service, each time I was told that Avant does not do loans for applicants in Colorado, even though they had!!!! My theory is that they prefer to have people with long term loans still open so they can make money from the interest, regular lending practice, right. My advice go with your bank, if possible or a financial institution that does short term loans, just avoid Avant!!!

This place is Great. They think outside the box. They give chance to most where others would not. customer service is OUTSTANDING !!! Thanks you AVANT CE Denver CO

Definitely apply if last resort to getting a loan. Interest rates are usually very high as anyone with good credit can get a much cheaper loan with bank or CU. I would recommend paying on time to improve credit score than try to get a much lower loan with bank or CU to pay off Avant loan. I am hoping to pay off my four year loan within 2 years to avoid paying too much interest.

I just got approved, and happy about it. Unsecured unlike Spring leaf wanting my car as collateral.. on a 5000.00 loan really? I'm ok with the interest amount as I plan to pay loan off in less than 2 months. Thanks Avant!!

Received a letter that my loan was not approved. I never applied for a loan. I called and ask how did they get my information. They said I have to talk to the fraud dept. emailed the so called fraud dept everything. Got absolutely nothing back. What a fraud they are. There is no fraud dept. nothing but a scam this company is. Freely using my information without my consent. There should be a class action lawsuit against this company for being a fraud and scammer.

Very deceptive. Application process is not easy. Verification is confusing, repetitive. Website and application is not user-friendly. Customer service is not helpful at all. Email responses tell you they'll give you a decision within 24 hours, and then they send you an email telling you they'll make a decision within 1 to 3 days, then 7 days later they come back and tell you your application has been cancelled, feel free to reapply. I think it's a scam, I think they're phishing for information. I DO NOT RECOMMEND.

If you fall behind and then catch for the next 9-12 months and you want to have a good will removal of late payments from your account, they do not accommodate. Also, they seem to have a problem with making additional payments. If you owe them, do your best to pay them off. They do not like to work with you.

Deceptive during the application process I was told I was eligible for a loan submitted all my documents after three days of going back-and-forth with them and being told to look for the confirmation email I was denied even though my credit score is a 692 ...They should've been honest and just said we're not eligible at this time if you're told you qualify you shouldn't have to apply and be denied

I applied for a loan over two weeks ago. I have been asked to confirm my personal information twice! I have been stuck in review for two weeks when told I should have an answer within "24 hours". I wish I could get a hold of the person reviewing my loan to simply find out if I am approved or not? I only applied for less then half the amount I was pre approved for not wanting to borrow more then was needed. I cant wait any longer to be stuck in limbo. Some simple correspondence with a definitive answer would have been appreciated. .

Canceled payment modification agreement and then reported me as not having made payments for 120+ days even though I had made the payments. Spoke today to Daniel who is their director of compliance. He is super rude, disrespectful, and condescending. With leadership like him no wonder Avant's customer service team sucks. Will be pursuing legal action against Avant.

I got a loan and haven't had any problems with this company they seen to be a good outfit hope to pay this off next month Yeah!!! ;-)

I just learned that when making extra payments, they take part of the extra payment and apply it to interest! So on top of not being able to clearly see when your loan will be paid off, the very high interest rates (double that of Lending Club), 1/3(ish) of your extra payment isn't being applied to the principal balance. Made an extra payment of $300 - $232.16 was applied to principal - $67.84 was applied to principal. I feel taken advantage of and preyed up.

The APR is so ridiculously high. I really regret taking out a loan with avant. I did out of desperation (stupidly) I have now been approved for another loan with a much lower APR and will be paying my balance off at avant with this loan as soon as I get it. I have been paying off the loan for 6 months and it hasn't budged the loan amount at all, it only goes towards the interest first. I would urge people to look elsewhere ever if your desperate.

We applied for a loan June 2014, we were approved quickly, and the money transfer went smooth, we paid 176.00for 8 months and then decided to pay off early (22month loan) so February of 2015 we called to get the payoff amount. I was shocked to find out it was 1788!!! After paying faithfully on time every month a total of OVER 1,400 dollars only 212 went to the actual loan! ! How disgusting is that!!! Stay away!!

Got 2 loans now when I apply I get denied only thing that has changed is my annual income has gone up. Can’t get straight answer from customer. Only use for short term

I’m grateful that they give me a loan however my customer experience with this company was really bad i ended up paying my loan in full after 3 months because I didn’t want to deal with this customer service anymore

I got a loan in December 2018. I paid-off the loan August 2019. In face, I overpaid. They owe me a refund and are now telling me it takes 22 business days before I receive my refund? Why? Especially in the age of electronic transmittals/ACH!!! JJ

Avant is the only lender in the world that would send an email confirmation stating you're accepted one day, then send another email to notify you that you're declined the next. But that's not all. They'll then send a 3rd automated email asking for feedback

Deceiving advertising even during the application process. AVANT will make you look as if you're preapproved, and then they will even make you believe how much money you qualify for by running a " soft check" on your credit and tell you how much you qualify for. DO NOT USE AVANT or Web Bank. Deceptive.

Previous loan PIF Dec 2016- Pd early. Applied in Jan, Was treated with over kill canned speech. Constantly told they had everything, & kept calling me. I felt harassed. I told them to FORGET it. HORRIBLE HORRIBLE to deal with now!

Although the Process as a whole was very easy, Avant does Not Process all Loans By Next Business Day, Or even 2-4 Days at that. There is a Point to getting a Loan, And Most are based on Emergency Needs, And getting your Date for Your first Re-Payment, Before you get your actual Loan Is Quite a Contradiction.

I was approved and I was told to accept offer. As I was doing that I received an email that stated I will not be offered the loan at this time. Why would you approve me just to deny me. What a dumb company. Glad it didn't work out cause with practices like this no telling what the outcome would be

Their interest maybe high, but when you are in a bad place and someone is willing to help, am thankful...Thank you Advant!

I have used Avant for debt consolidation and it doesn't give great rates, but they are much better than pay day loans.

DO NOT USE Avant or Web Bank. Deceptive and ask you to upload documents before they run a credit check. I won't go into details, but DO NOT USE them.

Was quick and easy. Asked the relevant question only unlike an other company. Helpful.

Horrible nightmare. This company is not willing to help when you fall on gard times