There are a lot of hardworking people out there that can’t afford to pay a huge chunk of cash all at once. Yes, the most common way to do it is to use a credit card but for those that have bad credit or are just starting out, that’s not an option. That’s why Airfordable created its website/service last December.
Here’s how it works:
1. Submit your ticket
Find a flight from your favorite travel site, and then take and upload a screenshot of your flight details.
2. Lock in
Book your flight for a fraction of the cost upfront and pay the remaining balance in installments before your departure date. According to my buddy Grant Martin over at Forbes, “Airfordable charges a 10-20% fee based on the cost of the ticket and then automatically sets up a repayment plan. A $1000 ticket needed on December 3, for example, would incur a $130 ‘layaway cost’ and then $126.67 in bi-weekly payments through the date of travel.”
3. Receive e-ticket
Receive your e-ticket after your last payment.
What’s great about the service is that it doesn’t do a credit check so users can get a loan without going to the bank. However, I recommend setting fare alerts and signing up for deals newsletters so when your dream trip destination drops in price you can pounce on it for a fraction of the cost. Here are my tips for finding a cheap plane ticket.