Michael is the Founder and Chief Executive Officer at Accrue Savings. He has spent his career in the technology sector, serving as a go-to-market leader and entrepreneur with marketing, sales, and operational focus. Michael believes that if merchants genuinely cared about their customers, they needed to offer payment options that didn't rack up debt.
It’s about changing the mindset of the travel industry itself, where we spent decades and decades building credit alternatives in the category. And we are not a replacement - we are a complement to the existing players in the category.
While buy now, pay later plans offer financial flexibility, they introduce a high risk of debt, and can leave the user unprotected if something goes wrong.
Black Friday is right around the corner with companies far and wide gearing up to deliver discounts on the holiday's hottest items. As deals trickle in earlier every year, consumers start their holiday spending just as early, hoping to get as many deals as possible while remaining debt-free. Credit card debt is back on the top of consumers' minds, as a PwC survey illustrates consumers will be spending the most since the pre-pandemic and a Federal Reserve Bank of New York report showed household credit card debt hit $1 trillion in the second quarter of 2023. Accrue Savings Founder and CEO Michael Hershfield joins Yahoo Finance to give insight into the best ways to capitalize on these earlier deals and how to keep more in your wallet during the holiday season. "There are all ways when a product design or retailers design their websites, it makes it feel like there's...
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