panzlock
No offense, but I think you're getting some horrible advice here if no one told you that you should concentrate on budgeting and prioritizing.
 
Affirm? Rent-A-Centre? These are bad life choices that cost you more than you probably realize. Sounds like a video card is the last thing you need based on your testimony.
 
If I were you I'd start a budgeting spread sheet to identify your income and expenses to see where you could cut spending and begin saving. Once you start renting and taking out loans with ridiculous interest rates without consideration of long term consequences you may never recover your losses.
 
If you want I could help you in that regard. All you need to do is ask.

MsRavenn
Yea I  decided not to get the affirm. I was just trying to get  my pc working .I did get  geforce 1070ti with a bit of help..  I just am terrible with budgeting as in saving up cause  life has that tendency of throwing you lemons at the  worse of times ..lol; I still try to keep optamistic about things though because that's what living a life is about  right? .I used to remt from rent-A-center  and stopped because they  make it seem like you are getting a deal but they rent out  severily outdated stuff charge you double of what it's worth maybe even triple and  then there is the factor you need to sign you some contract in blood and  get 5  people   to do that as well .Also you must have a job .You know so they can also harrass your boss for money as well. How  wonderful.

panzlock

RushXTC
 
If you have the money to pay it off safely, It's okay... the people posting that it's bad for the budget and whatnot, don't understand that some of us make a great amount of money, we just don't like to spend our cash right off the bat =P!

This makes no sense. If you have the money to pay for something, why would you use an intermediary that charges interest simply because you don't like to spend your money "right off the bat"?

bill1024
It all depends, if you can afford it in the first place. I bought a nice guitar from Sweatwater Sound and used the Synchrony payment offer.
Pay x amount for 2 years with no interest. For me anytime someone offers me an interest free loan I take it. If I want that product.
I could of paid for it right away, but then that money would not be earning interest/dividends if I had used it.
My last payment is next month. Then I plan to get a Marshall half stack, pay that off over the next two or four years interest free.
 
But those places that rent to buy are charging three to four hundred percent interest. Stay away, far, far away.

panzlock

RushXTC
 
 
For the same reason that a person would finance a car and pay interest on the monthly payments, rather than spend their cash on paying it off right off the bat.
 
I don't mind paying the interest, It's minimal anyways.
 
Edit: Thought I'd add though, I use this as another method of telling me to hold up on my next purchase, I use the service, once it's paid off, that's when I purchase the next thing that was on my mind.

Understood. Don't dispense financial advice.

RushXTC
Funny you might ask, I just purchased some Paintball gear for my friend and I. I only purchased about $100 for myself, But I chose Affirm because my friend didn't have the $200+ for the items he wanted.
 
You 100% need a cell phone number, That's the way you log in through the Affirm website and that's how they do the verification. If you don't need it right now, I suggest just to save up for it to be honest, It doesn't make sense to pay interest if you don't need it (I know, I'm being a hypocrite since we used it for something we didn't really need lol).
 
The APR is pretty high, Check out what I'm paying.
 

 
If you don't mind paying 30% APR for something that could've waited, Then by all means, Go for it. Although I believe they do check your credit through a soft credit check, But I don't know how stringent they are on the requirements.
 
Best of luck,
Sergio G.

Nereus
 
If you can't afford to save a couple of hundred dollars to buy something, then how can you suddenly afford to pay the same amount off with 30% interest on top? Seriously, this should be very basic common sense, but unfortunately for so many this desire to "have it now" and pay for it later with interest when you supposedly can't afford to save for it is how so many people get in trouble financially and find they can't meet their commitments. Sure for big purchases like cars and certainly homes you may need financing, but for minor items that costs a few hundred dollars? Often the same people who fall into this predatory trap have already maxed out their credit cards as well, for the same reasons. Of course a few can manage it and are ok paying a few dollars extra for instant gratification, but those people are the exception rather than the rule.
 
To the last half dozen or so posts; the OP asked for advice, so don't start slamming people for giving it! A few people here have given good advice to avoid high-interest small financing for items that are not necessities, and they are correct. If you can't afford to save it, then you can't afford to pay it off with interest on top. How can anyone not understand that?
 
I guess an exception to the above could be made for those who don't actually need financing, but take it for the interest-free term - although even that is kind of a pointless exercise when most banks pay 0.01% interest, which is not worth the time and effort of getting a loan and making payments for, imho, even if it is interest-free and with no set up fees - unless you're trying to improve your credit rating by showing a good payment history. The only time interest-free financing really makes sense to me is with certain credit cards - I use my credit cards that way - I pay the full balance off every month, but also get rewards points (Amazon credit card), which has so far paid for over $600 of computer gear, and I have another $550 accrued right now, plus I get 5% off everything I buy at Amazon with the card - now *that* kind of short term financing makes sense.
 

albiss
Just wanted to add that, it the above example, we see that someone bought some happiness by paying a penalty of 5,33$ a month, and had to pay that penalty for 6 months.
That's about 18 cents a day. To me, happiness at that price is quite cheap. :)
 
My two (non penalized) cents!

Nereus
 
If you can't afford to save a couple of hundred dollars to buy something, then how can you suddenly afford to pay the same amount off with 30% interest on top? Seriously, this should be very basic common sense, but unfortunately for so many this desire to "have it now" and pay for it later with interest when you supposedly can't afford to save for it is how so many people get in trouble financially and find they can't meet their commitments. Sure for big purchases like cars and certainly homes you may need financing, but for minor items that costs a few hundred dollars? Often the same people who fall into this predatory trap have already maxed out their credit cards as well, for the same reasons. Of course a few can manage it and are ok paying a few dollars extra for instant gratification, but those people are the exception rather than the rule.
 
To the last half dozen or so posts; the OP asked for advice, so don't start slamming people for giving it! A few people here have given good advice to avoid high-interest small financing for items that are not necessities, and they are correct. If you can't afford to save it, then you can't afford to pay it off with interest on top. How can anyone not understand that?
 
I guess an exception to the above could be made for those who don't actually need financing, but take it for the interest-free term - although even that is kind of a pointless exercise when most banks pay 0.01% interest, which is not worth the time and effort of getting a loan and making payments for, imho, even if it is interest-free and with no set up fees - unless you're trying to improve your credit rating by showing a good payment history. The only time interest-free financing really makes sense to me is with certain credit cards - I use my credit cards that way - I pay the full balance off every month, but also get rewards points (Amazon credit card), which has so far paid for over $600 of computer gear, and I have another $550 accrued right now, plus I get 5% off everything I buy at Amazon with the card - now *that* kind of short term financing makes sense.
 
 

panzlock

transdogmifier

Again, it's not your problem..it's theirs. If they choose to do it for whatever reason, they don't have to worry about your opinion...or they shouldn't have to.
 
Don't do it if you don't like it. Don't harass and demean those who do it either.
 

People make bad decisions with money. This is not an opinion.
 
No one harassed nor demeaned anyone. Certain aspects of lifestyle were revealed willingly, and commented on accordingly. If someone doesn't like the responses/commentary, don't reveal your poor life choices on a public forum.