Does Avant Hurt Your Credit?

When you apply for a loan, Avant loan company reviews the application and your eligibility by performing a soft check on your credit. Soft credit inquiries don’t harm your credit score and give you the chance to check your rates and loan options with Avant. Should you decide to accept a loan option, Avant will perform a hard check on your credit. Hard checks can have an impact on your credit if there are multiple checks at the same time and will be attached to your history. Also, any third party reviewing your account will be able to see this inquiry.

Does Avant Increase Credit?

Avant reviews credit lines for borrowers and cardholders over a period of time, based on their repayment performances, especially on how timely the payments are. Credit scores can also be increased if credit limits are increased. Regular payments improve the chances of borrowers seeing credit increases.

How Long Does It Take for Avant To Approve?

Borrowers who qualify for a personal loan don’t have to wait long before their applications are approved, and access is granted to the funds. It takes Avant one to three business days to approve and disburse funds for loans.