Vacations are exciting, but they can be expensive. Flights, hotels, and activities add up quickly. This is where "buy now, pay later" (BNPL) services come into play. They let you book a vacation now and pay later in installments. Sounds good, right? But is it a smart move? BNPL services like Klarna
New York Life is putting a lot of trust in Affirm, a company that lets people buy things now and pay later. They have agreed to buy up to $750 million in Affirm's loans by 2026. This is a big deal because it lets Affirm lend more money without holding onto all those loans themselves. It's not the fi
It was a simple task. Brittany needed a new couch. However, every time she found one she liked, she hesitated at the checkout. The price tag was too high. She did not want to commit to such a large purchase all at once. Then, she noticed something interesting. Right below the usual payment options,
The economic climate is tough, and many Americans are feeling the pinch. One clear sign of this is the increasing use of buy now, pay later (BNPL) loans for everyday purchases, like groceries. This trend is on the rise, with more people turning to these loans to cover essentials. A recent survey she
A major shift is happening in the world of payments. JPMorgan Chase is teaming up with Affirm, a fintech lender. This partnership will allow merchants using JPMorgan's payment system to offer Affirm's installment loan services. In simple terms, shoppers will have another way to pay for their purcha
In 2010, a programmer who was mining Bitcoin made a huge blunder. He spent 10, 000 bitcoin on two pizzas. Today, those bitcoins would be worth a staggering 850 million dollars. This is an extreme example of how costly a small mistake can be. Now, a new trend is raising eyebrows. It involves adding i
Affirm Holdings, a popular buy now, pay later company, just scored a massive deal. Private credit firm Sixth Street is investing $4 billion over the next three years to help Affirm make more loans. These loans are typically for four to six months, and the deal could lead to over $20 billion in loans
