Re:A new credit bubble gets ready to burst
by MaxGabriel on Sunday June 02, 2019 @05:09PM
(#20078223)
Brex, at least currently, isn’t the kind of card where you carry a balance. Instead they look at your bank account and say “you have a million dollars in there, you can spend 100K this month” (not real numbers). You pay it all back at the end of the month.
So while not immune from risk, it’s considerably less risky, and works over a shorter time frame, than other credit options.
So while not immune from risk, it’s considerably less risky, and works over a shorter time frame, than other credit options.