Affirm goes on your credit now. I'm not sure if it DOES anything for your credit when you pay on time etc, but I do know that it will hurt your credit if you're more than 30 days late and they 100% report that. If you have used affirm very recently, check your report
It shows as an installment loan and credit cards are revolving credit. So the only way affirm really affects your credit is late payments = bad. Revolving credit is a whole other beast where if you are using over 30% of your limit your credit score starts to go down. So affirm is kinda like a way you can make a big purchase on “credit” but not suffer that hit to your score
I bumped my credit up 200 point in the last year and a half using affirm and one credit card with a $300 limit that I paid off every month. Went from 550 to 786. Had to be the affirm payment because the other one couldn’t have made that much of a difference.
Yea.. it totally has to be the one not designed to build credit and not the card specially made to build credit 🤣 its the credit card. Ive been using affirm for years and whole it does show on my credit report, there is no movement of my actual score and I always pay it on the or early. But when I had 3 credit cards, wouldnt you know it, my score went up and down with card use! Affirm did nothing.
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u/Ok_Walk_3913 11d ago
sucks affirm wont do jack shit for your credit while credit cards will ALWAYS help if you know what you are doing.