Does Using Affirm Impact Your Credit Score?

Explore whether using Affirm for financing affects your credit score and learn about the implications of payment behavior.

Published May 14, 2025

Overview

In today's video, "Does Affirm hurt your credit?", we explore the impacts of using Affirm for financing on your credit score. With the increasing popularity of alternatives to traditional credit, understanding how these platforms affect your financial health is crucial. This video provides clarity on Affirm's credit checking process, revealing that it performs a 'soft' credit check that does not influence your score. However, your payment behavior can significantly affect your credit, making it vital to grasp the nuances of responsible usage.

Video transcript

Using Affirm for financing does not directly hurt your credit score when you apply, as Affirm performs a 'soft' credit check that doesn’t impact your score. However, like any credit product, your credit score can be affected based on your payment behavior. Timely payments can have a positive impact, while late or missed payments can harm your credit score. It’s essential to assess your ability to repay before committing to a loan, to avoid potential negative impacts on your financial health.

Questions and answers

Does using Affirm affect my credit score?
No, Affirm performs a 'soft' credit check when you apply, which does not impact your credit score. However, your credit can be affected by your payment behavior.
What happens to my credit score if I miss a payment with Affirm?
Missing a payment with Affirm can harm your credit score, as timely payments are essential for maintaining a healthy credit profile.
Can timely payments to Affirm improve my credit score?
Yes, making timely payments on your Affirm loan can have a positive impact on your credit score over time.
Should I use Affirm for financing?
Using Affirm for financing can be beneficial if you assess your repayment ability and make timely payments to avoid negative impacts on your credit score.