You tap a button to split your purchase into four payments, and just like that, you’ve opened a loan. Not a metaphorical loan. A real one that can land on your credit report and influence your credit score.
Affirm, one of the biggest players in the buy now, pay later space, markets convenience and transparency. It often charges simple interest instead of compounding interest, and it shows you the total cost upfront. That part appeals to anyone who hates credit card math.
