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Avant is based out of Chicago, Illinois, and it is a privately owned business that works within the financial technology industry. Its beginnings were in 2012 by entrepreneur Albert Goldstein, John Sun, and Paul Zhang. Since then, the business has grown and continues to provide loans for people today.
Avant Lending Company has helped more than 600,000 customers and has loaned out over 4 billion dollars. One of the things Avant stands behind is giving people with not so high credit score loans because they understand that things happen unexpectedly.
Avant gives out personal loans anywhere from $2,000 to $35,000. These personal loans can be used for a variety of needs. One can use this lending company to assist with finances or debt loans, medical loans, and home improvement loans.
What Loans Does Avant Offer?
Avant loans can be used for many different expenses.
An Avant credit card is a basic card that offers a variety of different allowance amounts. There are not a lot of extras, like points or miles, but it is great for someone’s first credit card.
Also, Avant gives cards to people who might not have the most excellent credit score or have a lot of built-up credit. That being said, one can improve their credit score or build credit by having an Avant card and managing their finances well.
If the credit card holder continuously shows responsible payment history, one can receive a higher credit limit.
Avant loans are all classified as personal loans, but before getting approved, a lender will ask what the loan will be used for. Some common loan uses are for debt consolidation, home improvement, and unexpected expenses.
They also offer loans for a variety of medical reasons.
Avant Plastic Surgery Loans
Plastic surgery is not only getting a lift or injections for solely cosmetic reasons. Plastic surgery is used when accidents happen or for medical purposes.
If someone is in an unexpected accident, they might require plastic surgery. A loan can help pay for the expenses that come with plastic surgery, which can be hefty.
Avant Dental Loans
It is essential to keep teeth healthy by brushing and flossing every day. Even if one does these things, it is possible they need dental care.
Loans can be used for children who require braces, unexpected tooth loss, fillings, root canals and any other dental expenses big or small that you might need.
Avant to Bariatric Financing
Bariatric surgery is also known as weight loss surgery, which is also not used only for cosmetic reasons, but for severe health conditions. Some people have illnesses or have to take medications that cause a lot of weight gain.
Carry a lot of extra weight is not suitable for overall health. These surgeries can be costly and not always covered by insurance plans. That is when a loan is a great option to finance bariatric surgeries.
Avant Fertility Financing
It can be very stressful for a couple who wants to start a family, and there are complications getting pregnant or complications while pregnant. These types of things are never planned and can be pricey.
If a mother needs surgery or needs to use artificial insemination, a lot of insurances do not cover these types of things. One can use an Avant loan to pay for expenses that help with fertility problems.
Avant Vision Care Loan
Sometimes children need glasses, or as one gets older, they need to start wearing glasses. You could also be injured in an accident and have a severe eye injury. When people age, they might need laser surgery or cataract surgery to ensure better eyesight. In these cases, the expenses can be high.
Also, a lot of insurance companies only cover contact lenses or regular glasses, not both. If someone wants both, they have to pay for one out of pocket, which can be expensive also. One can use a loan to pay for these expenses because everyone deserves to be able to see.
Avant Hearing Aid Loan
No one wants to lose their hearing, but now with everyone listening to music louder and louder every day, it is bound to start happening earlier in our lives than before. Hearing aids and hearing aid maintenance can be a high cost for someone who is not planning for it.
Also, if a child is born without hearing, a speech therapist, sign language teacher, and hearing aids or even hearing surgeries can be a significant expense for families.
An Avant loan can be used to help finance these unexpected hearing loss situations, and no one has to go without the proper care that is needed.
Avant Hair Restoration Loan
As we age, hair can become thinned or even fall out. When this happens, it can be embarrassing and can hinder someone from doing typical day to day tasks.
Also, if someone has cancer and needs chemotherapy, they likely lost their hair because of treatment.
In both cases, getting hair restoration or a nice wig can add up quickly. When it is unexpected, it can be even worse. You can use an Avant loan to help pay for these expenses and then go out into public with the confidence they once had.
Avant Veterinary Loan
When a person adopts or purchases a pet, big or small, they instantly become part of the family. Similar to humans, pets of all kinds require medical attention. Even if a pet is healthy, it is always good to get their yearly check-ups which can be over $100.
If a pet needs to be fixed or is sick and needs surgery, these other expenses can add up quickly. As a part of the family, no one wants to see their loved pet in pain or uncomfortable, so sometimes a loan is needed to help pay for these expenses.
Avant Refinancing Options
People sometimes have many different credit cards, student debt, mortgages, car payments, etc. that all have different payment methods and amounts.
In order to manage debt better, it is a good idea to make payments to one place. People can use their personal loan to pay off some of their debt, then only have to pay to Avant in a single monthly payment.
An excellent quality of Avant is that it has a fixed interest rate, which can be easier to handle than having a range of rates for various amounts of money. There is an app and online account access, so you can view how much you owe each month, the total amount left to pay, and how much you’ve already paid off.
Avant Customer Service
Avant has a lively support staff that is eager to help their clients or potential clients. They are easy to reach via email or by calling during their business hours.
The support staff can help with any problems or questions you might have.
When you are approved for a loan, you have to pay an origination fee or administration fee. The fee is 4.75% of the amount of the loan you are asking for. So if a person asks for a $5,000, they will get charged $237.5 and only receive $4,762.5 but will have to pay the full $5,000 back.
Avant Pros and Cons
There are pros and cons as with everything. Avant Lending Company has more pros than cons, but it is good to be aware of both sides.
- People with low credit scores are often approved
- Loans up to $35,000 are available
- Loans can be used for a variety of reasons
- Once approved, one gets their money quickly
- Great customer support staff
- A credit card also available
- Administration Fee of 4.75%
- On the higher side for APRs, ranging from 9.95%- 35.99%
How to Apply for Avant Loans
This lending company tries to make the application process easy and clear for potential clients. On their homepage, there is a place to apply, and you will have to fill out some personal information. Then Avant will use this information to customize a loan that is perfect for the needs required.
Applying to Avant With Bad Credit
Don’t worry if bad credit is something that’s linked to your name. Avant is a company that wants to make sure its clients have the money they need. The company understands that finances and debt can add up, but that does not mean life stops or that accidents won’t happen.
That being said, Avant has higher interest rates and fees than other lending companies. If no other company will give someone with bad credit, a loan, then Avant is always here to provide a helping hand with a charge.
My Conclusion About Avant Services
Avant is a reliable lending company that provides loans to people who might not get approved by anyone else.
No one should have to stress over the expenses of medical bills that need to be paid immediately. Avant provides personal loans that can be used for medical emergencies.
Personal loans can also be used for a variety of expenses. It is crucial to keep in mind not to ask for a loan if a person doesn’t really need it because the fees and rates are quite high. They are high because many of the people borrowing from them do not have the best credit history.
If one is stuck in a bind and is not getting approved from other companies with lower charges, Avant is a fantastic option to manage life’s finances.