FTC Returns Money to Eligible Avant Customers
The FTC is sending another round of checks to people who were harmed by the lending practices of Avant, LLC.
The FTC sued Avant in April 2019, alleging that in many cases the company falsely advertised that it would accept payments by credit or debit cards but then rejected these forms of payments. This often resulted in customers being charged additional interest on their loans as they tried to arrange a different form of payment. The FTC also alleged that the company withdrew money from customers’ bank accounts or charged their credit cards without authorization, failed to properly and timely credit payments made by check, provided deceptive payoff quotes to customers, and tried to collect more money even after the customer paid the quoted payoff amount.
The FTC first mailed checks in January 2022, which resulted in $3.4 million in refunds. Because there is still money in the fund, the agency is sending another payment to eligible consumers.
If you get a check, please cash it within 90 days.
You can find answers to common questions about refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-877-625-9420.