Why Avant is Superior to Payday Loans
When unexpected car repairs or medical bills strike and your credit score is below 600, predatory payday lenders offer tempting "instant cash" with APRs of 400% or higher. Avant provides a safe, regulated alternative with transparent installment schedules, APRs capped at 35.99%, and regular monthly payments that fit your income.
Pros & Cons
| Pros | Cons |
|---|---|
| ✓ Accessible minimum credit score of 550 FICO | ✗ Administrative fees up to 4.75% deducted from disbursement |
| ✓ Funds deposited directly into your bank as soon as next day | ✗ Maximum loan amount capped at $35,000 |
| ✓ Reports to all 3 credit bureaus to help rebuild your score | ✗ Higher starting APR (9.95%) than prime lenders |