Americans love buying shit they can’t afford to feel Insta prestigious. So Affirm might be a good business model. My research consists of reading a wsj article and then asking you spectral incels on blind : is affirm a buy?
I fucking hate BNPL companies as it’s just to target people with poor financial knowledge, but you’re probably right
Poor financial knowledge? It’s free money. Buy something through BNPL and pay with a credit card (available on most companies but not affirm) and you’ve pushed the cost out 8 weeks. Any time you can float money for low to no cost you should.
There’s huge risk when you lend money. As a user it is always easy to borrow money but risk is high for the company which is lending. On paper they do get interest %age but people could default or decide to not pay at all. Affirm cannot keep infinite cash for disposal. BNPL isn’t a new idea. It’s just that most companies wanna stay out of such business model where loss and risk is on the company’s end.
It can fkk your credit rating bad if you default though
Apple launched it's own BNPL
What’s up with so many “New” profiles? Y’all buy domains just to login to Blind?
Affirm has no moat, and they did not grow fast enough to take advantage of a first mover.
This is the correct answer.
BNPL is like a credit card with extra steps
BNPL is a predatory business. Bad karma for those who perpetrate this atrocity. BIH
I’ve only every used Affirm for 0% interest loans on high priced items. Do they also offer high interest loans?
Afrm will go zero , useless biz model
Its one of the stocks I regret buying. I do not believe in the business model.