Affirm Financing

FAQ's About Affirm Financing

1. What does it mean to prequalify? When you prequalify, you get an estimate of how much you can spend with Affirm. You don’t have to use the full amount, and you’re not on the hook to pay anything back until you actually make a purchase.

2. Does Affirm charge interest and fees? They don’t charge any fees. That means no late fees, no prepayment fees, no annual fees, and no fees to open or close your account. Depending on the size of your purchase and where you’re shopping, your payment plan may include interest. You’ll never owe more interest than you agree to on day one—so you always know exactly what you’re getting into.

3. Does Affirm do a credit check, and how does it impact my credit score? When you first create an Affirm account, they perform a ‘soft’ credit check to help verify your identity and determine your eligibility for financing. This ‘soft’ credit check will not affect your credit score. If you apply for more loans with Affirm, they may perform additional ‘soft’ credit checks to ensure that we offer you the best financing options possible.

4. Why was I denied financing by Affirm? Please contact Affirm via email at help@affirm.com or by calling (855) 423-3729 for assistance on denials.