May 30th, 2013
Welcome a new member to the online-only personal loan space! Chicago-based AvantCredit aims its unsecured loans at consumers with credit scores between 620 and 720—a nearly-prime community rarely served by other lenders. Like NetCredit, AvantCredit hopes to bridge the gap between payday loans and traditional personal loans.
Its loans range from $1,000 and $10,000 and are payable over one to three years, depending on the terms you receive.
How it works
AvantCredit services its loans with a completely online process. You fill out an online application, and can receive a “provisional approval” instantly. This means you’re probably approved for the loan, but AvantCredit may require you to fax in additional information, like proof of income.
Once you receive final approval, your loan amount will be deposited into your checking account the next business day. You can make repayments on your AvantCredit loan by setting up automatic Electronic Fund Transfers from your bank account so you don’t have to worry about due dates. And the only fee you’ll pay is the daily simple interest accrued on the remaining unpaid principal of your loan.
It’s important to note that AvantCredit’s loans are only available to residents in a short list of states right now: South Dakota, South Carolina, California, Alabama, Utah, New Mexico, Georgia, Missouri, Wisconsin, Illinois and Virginia. You can see the rates and terms for each state on Avant’s site.
January 3rd, 2013
Listening to your customer base is one thing. Implementing customer-pleasing changes into a brand-new credit card product could be a game changer.
December 11th, 2012
Credit card perks are getting more creative by the minute. You can earn free hotel stays faster, maximize your daily deal site purchases, earn rewards any football fan would be jealous of, and more.
November 14th, 2012
It’s time for a newsletter for the ladies. In fact, how about three? That’s right, personal finance tool and educational website LearnVest has not one, but THREE different newsletters. I’ve been a long-time subscriber to LearnVest, so I decided it was time to talk up their content here on the Credit Karma Blog.
November 13th, 2012
Picture this: You’re starting a new business, say a hat shop. You need a small business loan to get the Hat Shack up and running, but each bank you visit has tightened its purse strings. Loans are difficult to come by, and they have high credit score requirements. Where do you go so you can get your shop ready to go before hat season? Enter Borro, an online pawnbroker that extends secured personal loans backed by valuable assets.
August 31st, 2012
You’ve heard of cloud computing, but cloud purchasing? It’s a new concept that tech startup Wallaby is introducing into the payments space. The Wallaby Card aggregates all of your credit cards into “One Card to Rule Them All”—a smart card that uses cloud technology to store your credit card information.
August 15th, 2012
Esurance is trying to make getting an auto insurance quote quick and easy with its new feature called “Express Lane.”
June 8th, 2012
NetCredit, a new online personal loan lender, is providing loans to consumers with poor credit in hopes of filling the gap between payday loan users and consumers who qualify for traditional loans. The company, located in Chicago, isn’t new to lending. It’s an extension of Enova Financial, which has been involved in the industry since 2004.
March 7th, 2012
Listen up, frequent fliers: if you missed out on last year’s “Match My Miles Challenge,” you’re in luck. Capital One today launched its “Double Miles Challenge,” offering up to 100,000 bonus miles, which translates into $1,000 in travel rewards, on its popular VentureSM Rewards Credit Card.
August 9th, 2011
Admit it. The thought of paying full price for anything these days makes you cringe. Don’t worry; it makes me cringe, too. And apparently the folks at Itemize want to do something to fix that.
The problem: Too many sales going on at once to keep track.
The solution: Newly launched Itemize.