Loans through Avant give you the flexibility to pay off your debt with simple monthly payments over the course of 24 to 60 months** We give you the flexibility to personalize your loan and choose the best option for your needs.
Avoid the hassle of managing multiple credit card bills every month.
However, such consolidation loans have costs: fees, interest, and "points" where one point equals to one percent of the amount borrowed.
In some countries, these loans may provide certain tax advantages.
That's if your credit card has a large enough credit limit.
A low credit limit doesn't have to stop you from doing a balance transfer.
If you have multiple outstanding credit card bills, for example, a debt consolidation loan could be used to pay off those bills, leaving you with only one monthly payment.Combining all debt into one loan reduces your total monthly bills into one single payment, making it easier to plan your finances.Missing just one credit card payment could damage your credit score and add interest to your monthly payment.In many countries, especially the United States and the United Kingdom, student loans can be a significant portion of debt but are usually regulated differently than other debt.The bulk of the consumer debt, especially that with a high interest, is repaid by a new loan.