Aven Card vs Traditional HELOC: Watch BEFORE Deciding

[@AppleCrider]

🏠 Apply now at getaven.com/cc to prequalify in as fast as 2 minutes!

[@ericwilkins4945]

Aven sponsored video? I can't trust this...

[@halfunkbass2966]

Stay away from them. The bank can take your home easier.

[@MarcusEatmon]

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?

[@gdelete8098]

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.

[@AppleCrider]

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)

[@PrairieChicken-04]

No, not comparable in rate/term.

[@Keto_Mike]

They charge 1% regardless if you use it or not?

[@halfunkbass2966]

If you owe 10.00 and you die... the bank gets your house.