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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Yay so they can take your house when you default !
Sounds like an awful idea
Remember when we couldn’t believe people were buying cars and TVs with their HELOCs. Lipstick on a pig.
Sounds like a vulture circling home owners unwilling to sell their homes to wall street
Who you think financed the purchase? You serious? Lol
@@thegreat9481 I don't argue on the internet. Thank you for your comment
@@bakmyster who do you think financed the purchase? Who are homeowners paying every month? What happens when they don’t?
Lmao 🤡
@@bakmyster You can’t answer a simple question? Oh it requires thinking. 💭
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.
Good comment. They did say this is not for the irresponsible.
This is definitely not a good idea
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.
Gen Z just discovered loans secured by house 😂
what a stupid idea (for consumers).... spend your savings on things you don't need! and risk your home
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.
If there is a need, there is a product.
its better to be just a theif than a theif in wolves clothes
what could go wrong? 2.5% fee on every cash withdrawal.
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
God awful idea!!!
Borrowing against your home for kids summer camp, if you can't pay it back you get to permanently camp 🤔
No Way! No Thank You!
No wonder forbes is losing credibility 😂
Oh gee what could go wrong
Sucker card!
The great collapse
isn't credit card bill supposed to pay off next month? why even bother about the interest rate ?
A fool and their money are soon parted
No no no.
Awful idea.
Oh yea, this doesn’t look like a toxic liability bubble creation at all… 🙄
Nice❤
😳
Now homes will be over 2m starting lol😂
Yep lol. Those sitting on the sidelines will complain, those who are active are smiling 😊