A Summer Destination You’ll Soon Regret

Using this tool will get anywhere but where you want to be

Photo by Guzmán Barquín on Unsplash

It’s summertime and you’re ready for a vacation.

Where will you go?

How will you get there?

And, well, how will you pay for it?

Do you have a vacation fund, some “mad money,” a bonus from work, or maybe just put it on a credit card and pay for it over time.

Or, you COULD borrow some cash from a cartoon bear.

A Very Scary Cartoon Bear

And that’s just what the Dave App wants.

This fintech nonbank that acts a lot like a bank but without all the accountability is ready to lend you some cash.

Want $500 for some summer fun?

Ask and the bear will deliver.

This cartoon bear app is hungry for your cash

I’ve written before about how Dave seems like a nice deal — you know, you get some cash, pay “no fees or interest” and just pay the money back in two weeks.

But the deal is not so nice when you factor in Dave’s tipping feature and other associated fees (yes, the fees that come with a no-fee advance in some serious language trickery).

Then, you’re looking at an interest rate in the mid-triple digits.

Yup — wanna pay 500% interest? Go for it with Dave!

Also, if you don’t have $500 right now for your vacation, you’re very unlikely to be able to pay this payday predator back IN FULL in two weeks.

Then what?

Hungry bear wants its honey — and you’re stuck with fees, interest, pain.

For this year’s summer trip, steer clear of Dave’s debt trap.

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