Weird business. Company pays couples $10,000 to have their dream wedding, charges money back with interest if they divorce
This company is taking advantage of the high divorce rates to rake in some dough. Yes. They are investing in divorce.
SwanLuv, a Seattle startup company, offers to pay couples for their dream wedding, but the money will have to be returned with interest if they ever get divorced. If you want to get married and you apply, they check you out and if you meet their criteria, they’ll offer you a loan of up to $10,000.
The couple don't return the money unless their marriage crashes. But the moment they decide to get a divorce they’ve got to cough up the original amount, plus interest. And the longer the couple stay, the higher their interest they will attract if they divorce eventually.
Those who started this business are banking on the statistical fact that most of these marriages will fail. More like gambling with people's lives and happiness?
If a marriage ends in abuse, only one person is responsible for paying off the debt. And to help couples beat the odds, SwanLuv offers free marriage counseling when things get rocky.
CEO and co-founder, Scott Avy, says most people have reacted positively to the concept. “They’re signing up for it,” he said. “We’re not forcing them. It’s all by choice.” He is accepting applications from couples and hopes to start making payments by Valentine’s Day next year.
More:5 things so untrue about sex
SwanLuv, a Seattle startup company, offers to pay couples for their dream wedding, but the money will have to be returned with interest if they ever get divorced. If you want to get married and you apply, they check you out and if you meet their criteria, they’ll offer you a loan of up to $10,000.
The couple don't return the money unless their marriage crashes. But the moment they decide to get a divorce they’ve got to cough up the original amount, plus interest. And the longer the couple stay, the higher their interest they will attract if they divorce eventually.
Those who started this business are banking on the statistical fact that most of these marriages will fail. More like gambling with people's lives and happiness?
If a marriage ends in abuse, only one person is responsible for paying off the debt. And to help couples beat the odds, SwanLuv offers free marriage counseling when things get rocky.
CEO and co-founder, Scott Avy, says most people have reacted positively to the concept. “They’re signing up for it,” he said. “We’re not forcing them. It’s all by choice.” He is accepting applications from couples and hopes to start making payments by Valentine’s Day next year.
More:5 things so untrue about sex
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