Avant Credit Card Master Trust, Series 2021-1 Asset-Backed Notes: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to Series 2021-1 notes (Notes) to be issued by Avant Credit Card Master Trust (Issuer). The Notes will be secured primarily by a pool of credit card receivables, which are originated under the revolving credit card accounts owned by WebBank, a Utah chartered industrial bank insured by the FDIC. The Issuer's Series 2021-1 is the inaugural credit card securitization by Avant, LLC (Avant or the Company), while the Company has been a frequent issuer of unsecured consumer loan ABS since 2016.