IMHO they are the title/payday loan operators of the web, like their real world counterparts they prey on the poor.

I've never (in my experience) seen credit-poor customers get approved by Affirm (or any other BNPL).

I have, however, seen Affirm's other scummy side -- they have a special 'workflow' with a partnership with Katapult, a lease-to-own provider, where the merchant can take an Affirm denial and push it to Katapult for an even more predatory rent-to-own loan at higher rates.

I have rarely found anything that is capitalist and has a demographic interest in financially marginalized people ever to be ethical. When you match desperation with a lower possibility of solid education, "fiduciary responsibility to satisfy the investors" can never be capped. That goes same for the proverbial social business.

Totally Agreed.