In fact, as of August 2021, even some Amazon customers can go this route. Oh, and don’t forget, you need a decent credit score too.Īffirm works with thousands of sites and stores. And you have to agree to receive texts from Affirm. You hand over your personal info-like your cell number, email address and the last four digits of your Social Security number. Account holders have to be at least 18 and be a permanent resident or citizen of the U.S. You have to download the app or go to Affirm’s website to create an account. Let’s talk a little about how Affirm works. (We aren’t making this up.)Īffirm Makes It Easy. One of their slogans is literally “Our mission moves us forward.” Not you. And how do they do that? Off of your interest payments. Thanks for the confidence boost, Affirm.Īffirm talks a big game about helping you, but since it’s a publicly traded company, Affirm has stockholders who are very interested in making lots of money. No ability to be in control of your money. Listen, companies like this promise you the luxury of saying yes to instant gratification because waiting like a responsible adult just plain sucks, right? Basically, they assume you have no ability to practice patience for your purchases. (Because credit cards are so last season?) With digital loans like this, you can go into debt in a couple clicks on a user-friendly app. Here’s the deal: Affirm says their payment plan option isn’t “unhealthy debt.” But what does that mean? Is Affirm offering debt on a tight workout or vitamin regimen? Nope. But what they’re really setting you up for is saying yes to debt in a new way. They say they’re customer-focused, granting people the opportunity to say yes. That’s right, they’re in the debt business. Similar to companies like Afterpay and Klarna, Affirm is a loan provider in the world of digital installment plans. It’s a company whose whole purpose is to make it possible for you to buy stuff you can’t afford. It’s a digital loan with high interest rates. Let’s find out exactly why you should stay away. They’re telling you to spend money you don’t have, but you know better than that. Don’t be fooled by their promises of spending freedom. This wolf in sheep’s clothing claims to make your life easier, but what they’re really selling is an easier way to go into debt. Net cash flow is distinguished from net income, which includes accounts receivable and other items for which payment has not actually been received.Online shoppers, guess what? There’s a new bad guy in town. Negative cash flow indicates that a company's liquid assets are decreasing. Positive cash flow indicates that a company's liquid assets are increasing, enabling it to settle debts, reinvest in its business, return money to shareholders, pay expenses and provide a buffer against future financial challenges. (Q references here are to the company's quarter, rather than relative fiscal quarter)Ĭash flow is the net amount of cash and cash-equivalents moving into and out of a business. The cash flow statements are on a cumulative basis įor Q4 report, value = Q1+Q2+Q3+Q4 = Fiscal year or same as Annual The Cash Flow report is used to assess the quality of a company's income, that is, how liquid it is, which can indicate whether the company is positioned to remain solvent.īarchart provides the option of viewing Annual or Quarterly Cash Flow Statements.
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