shouldiuse.io

VERDICT

Should I use Avant?

Personal loan and credit card products through Avant could help you reach your financial goals. Apply for a personal loan or credit card online today. - avant.com

Depends. Avant is a legitimate online lender worth checking if you have fair credit and have been declined elsewhere, but its FTC settlement history and unresolved-fraud complaints justify comparing credit unions and rivals first. If your credit is good, you can almost certainly borrow cheaper somewhere else.

Confidence

Medium. Based on ~15 public sources. Many 'Avant' security results refer to unrelated companies (Avant Browser, Avant Assessment, Avant Smart Home) and were excluded.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support quality
  • Security posture

Pricing

Not disclosed

ModelNot disclosed
Monthly feesNot disclosed
HardwareNot disclosed

Best for

  • Fair-credit borrowers declined elsewhere
  • Debt-consolidation shoppers
  • People wanting a fully online application

Not for

  • Good-credit borrowers hunting the lowest APR
  • Anyone expecting responsive fraud support
  • Guess: small businesses — Avant lends to consumers only

Gotchas - check before you buy

high

Cardholder says fraud claim stalled with no resolution for months

medium

Reputation confusion is common — buyers must verify terms and reviews independently

low

No security page found on the website during review

Pros and cons

Pros

  • Operating since 2012; secured $250M Ares funding in 2022
  • WSJ Buy Side rated its personal loans 4/5
  • Fully online applications for loans and credit card
  • Marketed to bad-to-good credit borrowers other lenders pass on
  • Mobile app to manage card or loan

Cons

  • FTC returned $3.7M to consumers harmed by Avant
  • 2019 FTC settlement over alleged consumer-protection violations
  • Customer says card-fraud report went unresolved for months
  • Active BBB complaint file in consumer finance
  • Reddit users ask whether Avant is a scam

Sources & method

Analyzed 9/23/2026 - 12 sources - No known vulnerabilities found in the sources reviewed.

official x1review x8news x3

Key stats

  • Value for money: 2/5

    Rating

  • Not disclosed

    Starting price

  • 12

    Sources

  • Analyzed

  • Value for money: 2/5. FTC returned $3.7M to harmed consumers
  • Ease of use: 4/5. Online applications plus iOS app
  • Feature depth: 3/5. Personal loans and one credit card only
  • Support quality: 2/5. Fraud complaint unresolved; BBB complaints listed
  • Security posture: 2/5. FTC settlement over consumer protections
  • 4/5 WSJ Buy Side rating 2026 personal loans review
  • 2012 Founded Formerly AvantCredit
  • $250M Funding Ares facility, Dec 2022
  • $3.7M FTC refunds To harmed consumers, 2022

Pricing

Not disclosed

Security

No known vulnerabilities found in the sources reviewed.

What users say

Reviews are split: WSJ rates Avant 4/5, but borrower forums and complaint boards flag trust and service problems.

“Are there any genuine Avant reviews, or is it considered a scam?”
Reddit, r/loansharks
“Has anyone actually used Avant? Looking for real...”
Reddit, r/loansharks
Full analysis

Based on ~15 public sources. Many 'Avant' security results refer to unrelated companies (Avant Browser, Avant Assessment, Avant Smart Home) and were excluded.

Legit lender for fair credit, but FTC history and support complaints mean compare credit unions and rivals first.

Methodology

Based on ~15 public sources. Many 'Avant' security results refer to unrelated companies (Avant Browser, Avant Assessment, Avant Smart Home) and were excluded.

Sources

  1. Avant | Personal Loans & Credit Cardsavant.com
    official
  2. Avant Personal Loans Review 2026 - WSJ Buy Sidewsj.com
    review
  3. Avant Personal Loans & Debt Consolidation Review - Debt.orgdebt.org
    review
  4. Read Customer Service Reviews of avant.com - Trustpilottrustpilot.com
    review
  5. FTC Returns More Than $3.7 Million To Consumers Harmed by Online Lender Avantftc.gov
    news
  6. The Avant settlement: New financial platforms, established consumer protectionsftc.gov
    news
  7. Avant credit card fraud getting nowhere - AskAboutMoneyaskaboutmoney.com
    review
  8. Are there any genuine Avant reviews, or is it considered a scam? - Redditreddit.com
    review
  9. Avant Secures $250 Million In Funding From Ares - WebBankwebbank.com
    news
  10. Avant, LLC | BBB Complaintsbbb.org
    review
  11. Avant - App Storeapps.apple.com
    review
  12. 7 Loans Like Avant for Bad to Good Credit - Finderfinder.com
    review

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