How does Affirm work?

How does Affirm work?

Affirm offers a convenient financing option to make purchasing your Lori Bed easier and more affordable. With Affirm, you can break up the total cost of your purchase into manageable monthly payments. Here’s how it works:
Steps to Apply for Affirm Financing:
At Checkout, Choose ‘Pay with Affirm’:

1. When you reach the checkout page on our site, select the option to Pay with Affirm.
2. Provide Your Information: Affirm will prompt you to enter a few basic pieces of information, including:
   • Name
   • Email address
   • Mobile phone number
   • Date of birth
   • Last four digits of your social security number Note: The information must be consistent with your personal details.
3. Authorization Process: To ensure it’s you making the purchase, Affirm will send a unique authorization code to your mobile phone via text message. Enter this code into the application form.
4. Approval and Loan Terms: Within seconds, Affirm will notify you of:
   • The loan amount you are approved for
   • The interest rate
   • The loan repayment term (typically 3, 6, or 12 months) Affirm will show you the amount of your fixed monthly payments and the total interest you’ll pay over the course of the loan.
5. Confirm Loan and Finalize Purchase: To accept Affirm’s financing offer, simply click Confirm Loan, and your purchase is complete.
6. Receive Payment Reminders: After completing your purchase, you’ll receive email and SMS reminders about your upcoming payments. You also have the option to set up autopay to make sure you never miss a payment.

Payment Due Dates and Autopay:
Your first payment will be due 30 days from the date we process your order. Affirm will send you a reminder before each payment is due, so you’re always aware of the installment amount and due date. You can opt for autopay to ensure payments are automatically made, avoiding late fees.
How to Make a Payment:
Log in to Your Affirm Account:

1. Go to www.affirm.com/account and enter your mobile phone number.
2. Receive Security PIN: Affirm will send a personalized security PIN to your phone. Enter this PIN to sign in.
3. View Your Loans: After signing in, a list of your loans and upcoming payments will appear.
4. Make a Payment: Select the loan you wish to pay and choose to pay via debit card or ACH bank transfer. Complete the payment process to pay off your loan balance.

By following these steps, Affirm allows you to shop for your Lori Bed now and pay over time with a flexible payment plan that works for your budget.