The Aven rates seem pretty high for a line of credit that is backed by a borrowers home. Credit cards are a rip off with their current rates, but people should know that they won't lose their home if they default on a credit card, BUT with Aven you are putting your home at risk for consumer debt. That's a horrible idea for a lot of people, especially those who are not disciplined with money.
It's defiitely not a product for everyone. At this point, I think it's a more fair comparison to compare Aven with a HELOC than with an unsecured line of credit (i.e. credit card)
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The Aven rates seem pretty high for a line of credit that is backed by a borrowers home. Credit cards are a rip off with their current rates, but people should know that they won't lose their home if they default on a credit card, BUT with Aven you are putting your home at risk for consumer debt. That's a horrible idea for a lot of people, especially those who are not disciplined with money.
It's defiitely not a product for everyone. At this point, I think it's a more fair comparison to compare Aven with a HELOC than with an unsecured line of credit (i.e. credit card)
No, not comparable in rate/term.
Aven sponsored video? I can't trust this...
They charge 1% regardless if you use it or not?
If I pay off Aven card balance each month (on/before due date) do I get charged interest or do I only pay what I borrowed without any other fees?
Stay away from them. The bank can take your home easier.
If you owe 10.00 and you die... the bank gets your house.