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AvantCredit Loans | www.avantcredit.co.uk Reviews

AvantCredit Loans

About AvantCredit Loans

Avant was founded in Chicago by Al Goldstein alongside John Sun and Paul Zhang. Al Goldstein had previously been the founder of Enova who are of course a key local competitor today. After formation in 2012 their first personal loan was issued in 2013. The UK division also started in 2013 under the SpringCoin name. They later changed this in early 2015 adding “Credit” on what they are known stateside. Globally, this firm has helped 600,000 customers with 80,000 of these being located in the UK. Collectively more than £3.5 billion is impressively borrowed annually across their user base. This company is famed for their in-house proprietary technology that determines an individual’s creditworthiness.

AvantCredit’s product is competitively priced and they lend sizeable amounts typically pitched by banks. Between £1000 and £25,000 is made available although only £20k max is selectable on their homepage calculator. To match the high sums you can spread the loan across as long as 72 months. This lender importantly operates 7/7 across matched times of 9am to 6pm with same day payouts pitched. A variable interest range is headed, but most pay 42.5%. This translates as £205.16 for £1000 per year that is currently the cheapest subprime deal on the market. AvantCredit’s Trustpilot score has taken a bit of a battering recently falling to 44% (1030+). The American site in contrast scores at 94% (9200+).

Company Details

Address: 11-12 Hanover Square, London, W1S 1JJ

Brand: AvantCredit (aka: Avant Credit)

Company: AvantCredit of UK Llc (subsidiary of Avant Inc)

Contact (📧): support@avantcredit.co.uk

Contact (☎): 0800 610 1516

FCA Licence: 727347

Launched: 2013 (was SpringCoin)

Niche: Personal

Opening Hours: Mon/Sun (9am-6pm)

Related Brands: Non

Site Address: www.avantcredit.co.uk

Site Rank (Alexa UK): Unranked | 809k (global)

Product Specs

Amounts Available: £1000 to £25,000

Late Payment Fee: £12

Login Provided: Yes

Pricing: £205.16 /£1000 (12m)

*Variable APR range of 11.8% to 49.8%. Representative 42.5%

Repayment Terms: 12 to 72 months

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: 44% (1030+ count)

Rivals & Similar Lenders Like AvantCredit

Whilst Avant is one of America’s high flying alternative lenders, the local featured site has struggled to gather the same level of traction. As it stands this site ranks around the 10th spot and so there is plenty of ground to make up. Both Bamboo and On Stride Financial lie just ahead. At the very top of the tree is 118 118 Money. Some of the high traffic ranks belong to instalment specialised firms and so their 12 month terms tend to be expensive. You see this for instance with MyJar and Satsuma where nearly £1000 is charged that is almost x5 what you’d pay here (£205.16). For further competitive deals see Bamboo (£235.72) and Likely Loans (£278).

Last Check @ www.avantcredit.co.uk: August 18th, 2019

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