Inside Fintech’s Newest Unicorn: A Credit Card Backed By Your Home

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  • Опубликовано: 14 окт 2024
  • Aven has hit a $1 billion valuation and is backed by big-name investors. But is it a good idea?
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Комментарии • 36

  • @Apolloneek
    @Apolloneek 2 месяца назад +54

    Yay so they can take your house when you default !

  • @dustindeboer5296
    @dustindeboer5296 2 месяца назад +44

    Sounds like an awful idea

  • @arian_moreno83
    @arian_moreno83 2 месяца назад +19

    Remember when we couldn’t believe people were buying cars and TVs with their HELOCs. Lipstick on a pig.

  • @bakmyster
    @bakmyster 2 месяца назад +19

    Sounds like a vulture circling home owners unwilling to sell their homes to wall street

    • @thegreat9481
      @thegreat9481 2 месяца назад +1

      Who you think financed the purchase? You serious? Lol

    • @bakmyster
      @bakmyster 2 месяца назад +1

      @@thegreat9481 I don't argue on the internet. Thank you for your comment

    • @thegreat9481
      @thegreat9481 2 месяца назад

      @@bakmyster who do you think financed the purchase? Who are homeowners paying every month? What happens when they don’t?
      Lmao 🤡

    • @thegreat9481
      @thegreat9481 2 месяца назад

      @@bakmyster You can’t answer a simple question? Oh it requires thinking. 💭

  • @Go-Getter
    @Go-Getter 2 месяца назад +7

    Comment section is full of people who are complaining that people are willing to use their equity to get cash, but get upset when if the lender is forced to act due to the borrower not fulfilling their obligations. Unbelievable. This is a great product for some, and it'll force traditional banks to bring more to the table when it comes to equity loans and lines.

    • @philb6079
      @philb6079 2 месяца назад +2

      Good comment. They did say this is not for the irresponsible.

  • @chuku531
    @chuku531 2 месяца назад +16

    This is definitely not a good idea

  • @bullforcetrading9995
    @bullforcetrading9995 2 месяца назад +1

    Why would anyone in their right mind sign up for this? Furthermore, people who they claim to target with 720 > credit scores and high income can get the lowest rates on loans and credit cards to begin with unsecured.

  • @denisgut
    @denisgut 2 месяца назад +6

    Gen Z just discovered loans secured by house 😂

  • @shanghaidiscovery2664
    @shanghaidiscovery2664 2 месяца назад +5

    what a stupid idea (for consumers).... spend your savings on things you don't need! and risk your home

  • @stompgrounds
    @stompgrounds 2 месяца назад +2

    It’s only a matter of time before competitors are started who offer this to subprime borrowers.
    I’d give it another 10 - 15yrs before the bubble bursts and thousands of homes are introduced into to the market at a significant discount.
    I’ll probably set some funds aside for that moment.

  • @dejesusmorrobel1201
    @dejesusmorrobel1201 2 месяца назад +2

    If there is a need, there is a product.

  • @simplythebest5341
    @simplythebest5341 2 месяца назад +3

    its better to be just a theif than a theif in wolves clothes

  • @pdlegend6829
    @pdlegend6829 2 месяца назад

    what could go wrong? 2.5% fee on every cash withdrawal.

  • @trinitytythegiftcardguy
    @trinitytythegiftcardguy 2 месяца назад +2

    this is definitely not for those who are fearful, ignorant, and most likely risk-averse which is okay. It's a choice at the end of the day

  • @utek66
    @utek66 2 месяца назад +1

    God awful idea!!!

  • @foxtrot1776-jv8rl
    @foxtrot1776-jv8rl Месяц назад

    Borrowing against your home for kids summer camp, if you can't pay it back you get to permanently camp 🤔

  • @Omar_Zazzle
    @Omar_Zazzle 2 месяца назад +2

    No Way! No Thank You!

  • @mrpepe1408
    @mrpepe1408 2 месяца назад +2

    No wonder forbes is losing credibility 😂

  • @thegreat9481
    @thegreat9481 2 месяца назад +1

    Oh gee what could go wrong

  • @Yeaguy
    @Yeaguy 2 месяца назад +11

    Sucker card!

  • @phil4346
    @phil4346 2 месяца назад +2

    The great collapse

  • @hialin618
    @hialin618 2 месяца назад

    isn't credit card bill supposed to pay off next month? why even bother about the interest rate ?

  • @foxtrot1776-jv8rl
    @foxtrot1776-jv8rl Месяц назад

    A fool and their money are soon parted

  • @keithjackson2035
    @keithjackson2035 2 месяца назад +1

    No no no.

  • @TheChangNetwork
    @TheChangNetwork 2 месяца назад +2

    Awful idea.

  • @wacokid6588
    @wacokid6588 2 месяца назад

    Oh yea, this doesn’t look like a toxic liability bubble creation at all… 🙄

  • @MiskimVeniceJohnson
    @MiskimVeniceJohnson 2 месяца назад

    Nice❤

  • @stephanierandall1170
    @stephanierandall1170 2 месяца назад +1

    😳

  • @SamuelGemette
    @SamuelGemette 2 месяца назад +1

    Now homes will be over 2m starting lol😂

    • @Go-Getter
      @Go-Getter 2 месяца назад

      Yep lol. Those sitting on the sidelines will complain, those who are active are smiling 😊