Founded in 2012 by PayPal co-founder Max Levchin, Affirm offers an easy way to pay over over time for the things you love—through merchants like Wayfair and Casper, and through the Affirm mobile app.

I use Affirm for my Peloton loan. My biggest issue is that I can't change the date on when the payment will be taken. I would actually like it to come earlier in the month because I submit a receipt for reimbursement via my company's health benefit, but it's not an option in Affirm. Pulling receipts could be easier too. I also had an issue where I got a new phone number, and it logged me into the account of the previous owner of that phone number, giving me his name, email and address. Not good.

With Affirm, you can split almost any online purchase into easy monthly payments. Unlike a credit card, there are no hidden fees and no surprises. Just enter a few pieces of information for a real-time decision, then choose the payment schedule that works for you!

In 2016, credit card issuers in the United States raked in $94.3 billion in fees and $70.4 billion in interest income. The average credit card has 6 fees, with some having as many as 12! Credit is broken and the incentives for banks that issue it are built on business models that profit from hurting consumers and betting on their failure. The future of credit is here and it is not a piece of plastic, it is an app. The Affirm app will serve as a platform for us to deliver even more products that improves lives.

Does this product work only for US citizens and permanent residents?

@erickbarron86 U.S. only (for now)

@mlevchin yes, but I meant if it's restricted to citizens or any USA resident with a SSN can apply?

@erickbarron86 Works for US residents with an SSN

I have been using Affirm for large purchases $500+ from tech/e-commerce companies like Leesa (mattress), Casper (mattress) and Peloton (indoor cycling bike) with no interest and it's been awesome!

Pros:

Easy to use, affordable microloans for purchases

Cons:

Wish it was accepted in more places!

Hi Rebecca! With your app you can actually use Affirm at almost merchant online. We'd love for you to try it out and let us know what you think!

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