Avant does offer personal loans for bad credit as its minimum credit score requirement is just 580+. To qualify for a personal loan from Avant with bad credit, you will also need to be at least 18 years old, have a valid bank account and have enough income to make monthly payments.
Key Things to Know About Avant Personal Loans for Bad Credit
APR range: 9.95% - 35.99%
Loan amounts: $2,000 - $35,000
Repayment timeline: 24 - 60 months
Credit score requirement: 580+
Funding timeline: 1 - 2 business days
Origination fee: Up to 4.75%
Avant is not the only lender that accepts people with bad credit, though. To see which lenders may approve you and what rates may be available to you, check out the free pre-qualification tool on WalletHub.
Yes, Avant is a legit online lender because Avant is registered to do business in the 44 states where it offers personal loans, which is a legal requirement to be a legitimate lender. Avant has been in business since 2012 and also has a secure website, so your data stays safe. The company is accredited by the Better Business Bureau, too.
You can borrow $7,500 with bad credit from Achieve Personal Loans, Avant and Peerform, among other lenders. Most of the best places to borrow $7,500 with bad credit will require credit scores toward the upper end of the bad credit range. You will also need a relatively high income and little existing debt to get approved for this type of loan with bad credit. But people who cannot qualify can consider other options like no credit check loans,...
The easiest loans to get approved for with bad credit are secured, co-signed and joint loans because you can use collateral or another person’s creditworthiness to make up for your bad credit score. Payday loans, pawnshop loans and car title loans also are easy to get, but they’re extremely expensive.
Alternatively, personal loans may offer the lowest rates among loan options that are relatively easy to qualify for. Some personal loans won’t even check...
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