Finance With Affirm
What is Affirm?
Affirm is a financing alternative to credit cards and other credit payment products. Affirm offers instant financing for purchases online. With Affirm, you can buy and receive your purchase now, and pay for it in fixed monthly installments over the course of three, six, or twelve months.
How does Affirm work?
Select to pay with Affirm at checkout.
Affirm will prompt you to enter a few pieces of information - your name, email, mobile phone number, date of birth, and the last four digits of your social security number. Please ensure that all of this information is your own and is consistent information otherwise you may experience difficulty with your checkout.
To ensure that you're the person making the purchase, Affirm will send a text message to your cell phone with a unique authorization code.
Enter the authorization code into the application form. Within a few seconds, Affirm will notify you of the loan amount you're approved for, the interest rate, and the number of months you will have to pay off your loan. You will have the option to choose to pay off your loan over three, six, or twelve months (Rates range from 10%-30% APR). Affirm will also state the amount of your fixed, monthly payments and the total amount of interest you'll pay over the course of the loan.
If you would like to accept Affirm's financing offer, click "Confirm Loan" and you're done.
Going forward, you'll get monthly email and SMS reminders about your upcoming payments. You can also set up autopay to avoid missing a payment. Your first monthly payment will be due 30 days from the date we the merchant completes processing your order.
How does Affirm approve borrowers for loans?
Affirm will ask you for a few pieces of personal information - your name, email, mobile phone number, date of birth, and the last four digits of your social security number. Affirm uses this information to verify your identity, and to make an instant loan decision. Affirm will base its loan decision not only on your credit score, but also on several other data points about you. This means you may be able to obtain financing from Affirm even if don't have an extensive credit history.
Does Affirm do a credit check, and how does it impact my credit score?
Affirm does a "soft" credit check which does not affect a customer's credit score to verify their identity and provide them with a financing offer. Our underwriting model removes the hard credit check from applying for a loan.
How do I make my payments?
Before each payment is due, Affirm will send you reminders via email and SMS that will include the installment amount that is coming due and the due date. You can also sign up for autopay so you don't risk missing a payment.
Please follow these steps to make a payment:
Go to www.affirm.com/account
You will be prompted to enter in your mobile number where you will be sent a personalized security pin.
Enter this security pin into the form on the next page and click "Sign In.
"You'll now see a list of your loans and payments coming due. Click on the loan payment you would like to make.
You can make a payment utilizing a debit card or ACH bank transfer.
Can I amend my order after my purchase has been processed? Can I be approved for a higher loan amount if my purchase amount increases?
Unfortunately, you cannot edit your order after you have confirmed your loan. If you would like to add items to your purchase, you can apply for another loan with Affirm or use a different payment method.
For additional information or questions specific to your Affirm loan please contact Affirm via email at firstname.lastname@example.org or by calling (855) 423-3729