Who's investing into these trash ass loans?

34% apr is basically free money if they repay

It’s actually not a total racket if you pay them off asap. I use it sometimes when I don’t feel like fucking up my savings. Just pay it off immediately.

But yeah most people are retarded

I don't get it - when you say immediately, you mean right after loaning? If you can pay immediately after loaning, then you're still taking it off your savings, no?

https://chainleft.art

Dad, data scientist, blockchain native artist.

Power consolidation=evil.

Nah, like when I get paid for example. If my paycheck is 2 weeks out and I don’t wanna use my savings, I’ll use affirm. Only for big stuff like the ps5 I just bought. Already paid off the loan but did it with today’s paycheck.

How much interest do you pay on those 2 weeks loan? % of the total purchase I mean.

Very very little. Affirm adds the interest at each payment and always shows you the principal. If you pay the principal early, you’re not charged the interest.

So like on the PS5, I prolly paid $1-2 in interest over the 2 weeks. For me, it was worth it.