Affirm Q1 FY2027 Earnings: Net Income Doubles to $164M as Credit-Loss Provisions Rise 59%
Affirm Q1 FY2027 net income doubled to $164M on 35% revenue growth, while its credit-loss provision rose 59% and the allowance reached 6.3% of loans.
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Track and manage business loans, interest, and repayment schedules
Substance Over Form, Explained: Why the IRS Taxes What Your Transaction Actually Does, Not What the Paperwork Calls It
The IRS taxes what your transaction actually did, not what the paperwork called it — an undocumented shareholder loan becomes a taxable dividend.
Debt Extinguishment, Explained: The Gain or Loss Hiding in Paying Off a Loan Early
Early loan payoff books carrying amount minus payoff as gain or loss, and IRS cancellation-of-debt rules can tax a cashless gain — run the 10% test first.
Additional Funds Needed (AFN), Explained: How the Percent-of-Sales Method Forecasts Your Next Growth Dollar — Required Assets, Spontaneous Liabilities, Retained Earnings, and What a Negative AFN Means
AFN equals required asset growth minus spontaneous liabilities minus retained earnings — the outside funding your sales forecast demands.
The Effective Interest Method, Explained: How Bond Discounts and Premiums Amortize Into Interest Expense
Interest expense equals carrying value times the market rate at issuance — the gap to the coupon amortizes the discount or premium each period.
Troubled Debt Restructurings, Explained: How Loan Workouts Are Accounted For on Both Sides of the Table
A troubled debt restructuring needs financial difficulty plus a lender concession — book a gain if future payments fall below carrying amount.
Accrued Interest, Explained: The Interest You Book Before Cash Moves — Receivable vs. Payable, Day-Count Math, and Bond Coupons
Accrued interest is interest earned or owed but not yet paid; borrowers book Interest Payable, lenders book Interest Receivable, each at month-end.
Notes Receivable, Explained: How Written Promises to Pay Differ From Open Accounts
A note receivable is a signed promise to pay principal plus interest — book the principal as an asset swap, accrue interest monthly, act fast on dishonor.
Payment vs. Collection Guaranties, Explained: Why One Lets the Lender Sue You First
A payment guaranty lets the lender sue you first without touching the borrower; a collection guaranty forces it to sue the company first.
Subordination Agreements, Explained: How Junior Lenders Sign Away Priority
A subordination agreement ranks one lender's claim behind another's — lien subordination orders collateral, payment subordination orders cash.
15-Year vs. 30-Year Mortgage: The $354,000 Decision Hiding in Your Monthly Payment
A 15-year mortgage saves about $354,000 in interest on a $400,000 loan but costs $770 more a month — the math, the DTI trade-off, and the pay-like-a-15 hybrid.
Rate-and-Term vs. Cash-Out Refinance: How to Find Your Break-Even Month
Break-even months equal closing costs divided by monthly P&I savings — except on cash-outs and term resets, where IRS tracing and total interest decide.