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(CNBC)   Looks like Walmart is going to ditch those high interest "buy now, pay later" loans through Affirm. They're starting their own new company to do it themselves   ( divider line
    More: Obvious, Credit card, Money, Walmart -backed startup, own version of the payment service, later companies, Payment, Walmart's website, Wal-Mart  
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476 clicks; posted to Business » on 09 Dec 2022 at 7:35 PM (16 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

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2022-12-10 9:01:05 AM  
10 votes:
Don't support massive conglomerates, support small American owned businesses instead!

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2022-12-09 8:19:45 PM  
1 vote:
Affirm might have high-ish interest rates (it varies, some of mine have been 0%, some have been 11%), but the terms are so short that interest paid isn't obscene. I use it once a year to buy something then pay it off, it counts as an installment loan and payoff every time you do it, good for your credit.
2022-12-09 11:06:39 PM  
1 vote:
In the old days they had layaway. Goes to show how cheap credit has complétely flipped the script. In either case, they still own you until you have your debt paid off.
2022-12-10 4:32:47 AM  
1 vote:
So many BNPL companies call themselves "fintech," and it's BS. They are just usury companies doing usury through different means such as mobile apps.

And the fact that some people actually need to buy necessities through BNPL is a tragedy and an indictment of society. That should only be for occasional purchases such as buying a TV through installment payments.
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