Affirm is wanting to persuade millennials that taking right out loans for things that you don’t require is cool.
Now you can purchase $400 jeans with a subprime loan
Affirm is attempting to persuade millennials that taking right out loans for things that you don’t require is cool.
In the event that you’ve ever purchased a Casper mattress or seats on Expedia, odds are you’ve heard of Affirm, a monetary solutions startup that lets you pay money for acquisitions in fixed installments. Affirm might be a comparatively brand brand new business, however the service it provides is not specially innovative: It’s taking the idea of layaway, a form of no-interest payment plan that became popular throughout the Great Depression that lets you pay money for things in fixed installments and just simply simply take them home as soon as you’ve taken care of millennials for it in full, and twisting it. Continue reading “It’s simple to purchase $400 jeans with a subprime loan”