Speaking about the mortgage component of the item, he states the user that is average has to borrow about $130 at this stage, therefore the team hasn’t determined yet whether or not to offer bigger loans which do charge a pursuit fee in future. “$250 seems like a secure limit… But once we check out other items we possibly may raise that, we’re simply not quite certain yet,” he adds.
Wilk defines Dave as an “honor system product”, and reckons its friendly approach may help buttress it contrary to the threat of users’ using advantageous asset of the mortgage facility — i.e. by borrowing cash rather than paying it back once again (although he claims if a person continues to default their account will likely to be suspended, ergo Dave’s patience just isn’t unlimited). […]