Is Paying for Airline Tickets on Layaway Totally Genius -- or Dangerous?

air fordable airline ticketsWho doesn't love the thought of jetting off to an island this winter? Or, maybe you just want to visit friends and family during the holidays. If the only thing holding you back is your lack of savings, your problem is solved! Airfordable, a Chicago-based  startup, grants cash-strapped, would-be travelers the chance to pay for their plane tickets on layaway. Is this idea genius, dangerous, or a little bit of both? Let's explore.


It's such a cool concept and one that hits home for Airfordable cofounder and CEO Ama Marfo, who told The Huffington Post that she spent many holidays stuck in her Drexel University dorm room when she couldn't afford to fly home to her native Ghana. Sad, right?

Knowing there were plenty of others in the same boat, the sidelined traveler partnered with like-minded entrepreneurs to create a way for cash-strapped travelers to fly. 

Here's how it works: Flyers submit a screenshot of their proposed itinerary, complete with all the trip details, including the final cost with all taxes and fees. Airfordable then gets back to them with a payment plan. Travelers make an initial deposit and then biweekly installment payments kick in so that by the time they hit the runway, the flight is paid off. 

More from CafeMom: 

How's this different from just putting it on the old credit card? Well, with Airfordable, you're paying a one-time fee based on the price of the ticket (it varies between 10 and 20 percent) rather than interest.

Plus, there's no credit check, so if your FICO score is lower than your checking account balance, you're still going to get to see Grandma for Thanksgiving. 

More from CafeMom: 

So, if you've spied a great fare and don't want to miss out, you can lock it in without having all the cash in hand. Airfordable allows you to use Google Flight, Expedia, Orbitz, Priceline, Justfly, Cheapoair, Vayma, and any airline website.

While this is no doubt an amazing idea, it can give you serious wanderlust. Rather than saving up and paying in full, you can book that vacay and then work toward paying it off. It could be tempting to ignore other bills as you pack that suitcase and dream of touching down in your ideal destination, right? 

The good news is that by the time you're "wheels up," your flight is all paid off. Let's just hope you've stashed some cash for souvenirs! 


Image via zoom team/shutterstock

Read More >