Avant loan, LLC, which was formerly known as AvantCredit is a private Chicago, Illinois-based company in the financial technology industry. On the contrary, Avant was established in 2012 by serial entrepreneurs Albert “AI” Goldstein, john sun, and Paul Zhang the chief executive officer is matt Bochenek and it is headquartered in Chicago Illinois united states with a revenue of 316.7 million USD in the year 2017. Meanwhile, Avant is a legit online lender that gives loans to applicants and they also offer secured and unsecured loans.
Nevertheless, Avant loan comes in two different forms example of them is the unsecured loan that doesn’t require collateral. Meanwhile, a secured loan requires collateral, you also need to have a good credit score and history. Not forgetting that it takes Avant up to like 2-4 days to verify and get your loan approved. Meanwhile, it does not have any penalties for early payment. Their platform is to give its consumers the flexibility to get money when they need it and return it when they don’t.
Is Avant A Direct Lender
Avant is a well-known online lender and it does not demand in-person visits or even calls to finish the loan application. You are at an advantage if you have a credit score of 620 as you can go for OneMain Financial.
Is Avant A Legit Company
Furthermore, Avant is a legit online lender that is well known in the states as Avant is registered to render services in that country. Additionally, and it is a legal requirement to become a legitimate lender. However, Avant loans are unsecured loans whereby there are given to you based on credibility. Nevertheless, your credit score also determines the amount you are qualified for. Also, Avant has been in existence since 2012. Nevertheless, Avant has a secured website which means your data stays safe. Meanwhile, the company is also recognized by the bureau.
Does Avant Loan Need Collateral?
There are two types of loans that Avant offers. However, Avant provides an unsecured and secured online personal loans speedily funding period for accepted applications. Avant secured loans demand collateral, but unsecured loans do not.
Does Avant Give Credit Increase
Avant credit card users can ask for a credit limit increase, but the chances of approval are very slim. But if there is a good history of on-time payments and low credit usage. Individuals can also ask for an Avant credit limit increase by reaching out to their customer service on the number 11-855-AVANTCARD.
Can I Pay Off An Avant Loan Early?
The famous online lender does not have any penalties for early payments. Although some lenders request penalties for late or due payment, Avant online lender is an exception. One of the purposes of Avant is to give their customers to borrow money when they re need it and pay the money back after they must have sorted out their issues.
How Long Does It Take For Avant To Approve Of Loan?
It takes about 2 to 4 days to receive money from the Avant personal loan. However, in some cases, the Avant loan timeline adds 1 to 2 business days to get approval for your Avant loan and another 1 to 2 business days to get the funds after it has been approved.
Does Avant Ask For Proof Of Income
Every loan applicant must provide their income source information. Meanwhile, if there is a need for further verification, then a task will be shown on your dashboard. Or one of the Avant agents will check on you directly.