Affirm: Buy now, pay over time 4+

Identity Fraud Non-Verification

Whether you’ve been a customer for years and paid your past purchases on time and all
Paid off, this company will not verify your person if you have identity fraud on your credit. I’ve had to have identity fraud on all three credit reports as of recently, and not thinking on it went ahead to purchase an item of which I’ve purchased through affirm and paid off. (I’ve been an Affirm customer since around 2014). Once I was in the affirm app
site, I received a message that I would need to be called and verified due to the identity fraud. I waited for a couple days with no call from Affirm. Though it stated it would call me 1-3 business days on the site. I decided to call thereafter and for three weeks straight spoke to different reps. Each rep would tell me they would call me back once I hung up the call. I never once received a return call. This company was great while I was able to benefit from it, but if you ever have identity fraud at your end, you will not receive the courtesy they state on their site to call you and verify your person over the phone. It’s been a waste of my time trying to connect and they ask me questions to then tell me there going to call and they do not call. I’ve deleted the app because it’s a no-go at my end with this company at this stage. Terrible service.

My FAVORITE way to Level Up my life!!

I have been using Affirm to make larger purchases for the past few years, and Affirm has enabled me to purchase 2 Rolex watches - one for me and one for my wife - which I most likely never would have purchased otherwise. The convenience of qualifying for a purchase, making the purchase, and then making automatic payments to Affirm on my purchases is unmatched - period! What I love even more, however, is the ability to have a savings account with Affirm!! Affirm gives me the ability to automatically deposit funds on a weekly or monthly basis, and as a result I have been able to grow a fairly substantial little nest egg without ever thinking about it! And as if things couldn’t get any better, Affirm allows me the ability to withdraw funds and have them automatically deposited into my checking account whenever I wish, which I have done a few times when unexpected expenses have presented themselves. I haven’t found an easier or better way to save money in the past, and this savings account has been a real lifesaver on more than one occasion. I highly recommend Affirm to everyone I know and anyone I meet!!!

Pretty good…… sometimes

Affirm is good for large purchases if you’re able to get approved. I had issues getting approved at first and my credit was good. Affirm doesn’t list a minimum credit score to qualify for a loan, but some websites state if you have a 640 or above, you’re more LIKELY to get approved. I don’t think that’s truly the case because I had a credit score well over 640 & I was still denied at first for small purchases less than $400. Then I was approved for a purchase of $2000. It doesn’t make sense at all. Every time I login in, it tells me I need to get pre approved again! My pre-approved amount always changes. I was pre-approved for one amount and when I logged back in, the amount was significantly lower. More than likely I will not use affirm again. I’ve paid off loans with them & even paid off some loans early & I was still unable to get another one. Another issue is, I doubled up on payments for one month, I thought it was go towards the balance for the next month & it did not. I still had to pay for the next month. If I would’ve known that at first, I would’ve never doubled my payment. Instead I would just continued to pay month to month.

I’m not really sure how Affirm works but it’s a major headache. I will stick with other companies. The upside is, the interest rate isn’t that bad. Far less than other companies.

Developer Response ,

Each loan is uniquely underwritten and results may vary after applying across our partner stores. When you apply for a loan with Affirm, a number of factors are taken into consideration including eligibility requirements, your individual history, and individual store policies. If we're unable to approve your loan, you'll receive an email with details of that decision. -TL, Customer Care