topic Re: AVANT Loan APPROVED!!!! in General Credit Topics

AVANT Loan APPROVED!!!!

Anonymous — Tue, 02 Feb 2016 17:33:30 GMT

Not the best loan comapny but by far not the worst!!!! $10,600 at 28% ... they pulled me at 697 EXP! WOOOOOO!! I wil lbe paying this off WAY EARLIER than scheduled -- monthly payments are $360, I will double pay each month -- no prepayment penalty and no extra fees or balloon payment. Using the funds to pay off all but one CC and lower my UTIL to 3-4% overall. Then SDing all but one card for daily use!!! I have $58,000 in credit lines, and $7800 in credit debt. This is going to help me huge, and boom my score right up! :-)

Using the other $4000 for life events...Now i know many would scoff at 28% APR, but, it is what it is...Im not over 700 score (though I was), and far from 800 club so I take what I get ... honestly it isnt nearly as bad as others i saw - 69%, 200%, 300%!!!! LOL nooope! My CU wouldnt approve me because all my income isnt taxable -- Avant only called me at my job to verify my employment, looked at one bank statmeent showing $13,000 in deposits from DEC and BOOM!!!! They were going to charge me like 20% initerest anyway -- for a CU thats crazy given my scores. HOWEVER they also were pullinh my FICO 04 which are WAYYY LOWER!!!!

Re: AVANT Loan APPROVED!!!!

Anonymous — Tue, 02 Feb 2016 19:12:16 GMT

I was horrified when I saw that rate, to the point where I wondered if you had missed a decimal point. But it sounds like you're going in with your eyes open, so I'll just leave it at that.

I do applaud you for making double payments! If you stick to that, you'll pay it off in about 18 months instead of 48. That's a pretty good discount (in terms of time to pay it off) for being aggressive with it. Good job on that!

Re: AVANT Loan APPROVED!!!!

Anonymous — Tue, 02 Feb 2016 19:23:32 GMT

yea others here have gotten these loans too .. CAPTOOL can chime in ! :-) Like I said, paying double per month so im not really worried. With nearly ZERO CC debt now, car paid off and rent split with partner, I'm not worried -- the mix of the new loan will help my profile too. Scores after paydown of my UTIL from 25% to 5% are estimated to take me to 720s at least, so im thrilled!!!!

My plan is to have this paid off within 24 months. However, as a nurse, let me explain something else. I view life very differently than most. Nobody is guarnatted tomorrow, let alone 2 years from now...so interest doesnt really phase me. I've seen many a people not make it home on their way home from work, or return from a vacation, or die in the middle of dinner .. so, like i said -- different priorities and viewpooints ! :-)

Re: AVANT Loan APPROVED!!!!

Anonymous — Tue, 02 Feb 2016 20:57:22 GMT

They quoted me 35.91% with a Fico score of 819, and util of less than 2%.

Re: AVANT Loan APPROVED!!!!

Anonymous — Tue, 02 Feb 2016 21:01:46 GMT

So you took it or no lol?? That's insane why even try with them with an 819

Re: AVANT Loan APPROVED!!!!

Anonymous — Tue, 02 Feb 2016 21:09:43 GMT

@Anonymous wrote:
So you took it or no lol?? That's insane why even try with them with an 819

Of course not. That's more than five times the APR I have on my Promise Financial loan. I just check all of the web based loan companies for research purposes.

Re: AVANT Loan APPROVED!!!!

gibeon — Tue, 02 Feb 2016 21:18:40 GMT

Joeyz, they will auto-pull your regular payment everyonth from the bank account that they push the original loan funds into.

To make double payments I recommend calling in every month and having them pull the payment and apply it towards the principle.

Re: AVANT Loan APPROVED!!!!

Anonymous — Tue, 02 Feb 2016 21:25:57 GMT

Thank you Gibeon. I actually prefer they auto pull as I have the most money in that acct.

I see WAY BETTER reviews for Avant than many others like Speingleaf for example. Lol

Re: AVANT Loan APPROVED!!!!

Anonymous — Tue, 02 Feb 2016 21:26:20 GMT

Also I see Promise financial only did weddings

Re: AVANT Loan APPROVED!!!!

Anonymous — Wed, 03 Feb 2016 00:55:20 GMT

@Anonymous wrote:
Also I see Promise financial only did weddings

Nope. Weddings is their hook, but they loan for all the same things everybody else does.