10/02/2017: One startup’s alternative to credit card debt
Almost 40 percent of American households have some kind of credit card debt. A startup called Affirm wants to provide an alternative. It partners with stores to offer loans for when you make a big purchase, like a mattress or a bike. Affirm was started by PayPal co-founder Max Levchin. Marketplace Tech host Molly Wood talks with him about the project and his own early borrowing mistakes.
Almost 40 percent of American households have some kind of credit card debt. A startup called Affirm wants to provide an alternative. It partners with stores to offer loans for when you make a big purchase, like a mattress or a bike. Affirm was started by PayPal co-founder Max Levchin. Marketplace Tech host Molly Wood talks with him about the project and his own early borrowing mistakes.
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