When you apply for a loan through Affirm, different factors are taken into consideration, including eligibility requirements, your individual history, and individual store policies:
Eligibility requirements
Affirm customers must:
- Be a resident of the U.S. (including U.S. territories)
- Be at least 18 years old
- 19, if you're ward of the state in Nebraska and Alabama
- 21, if you're ward of the state in Puerto Rico
- Have a Social Security number
- Own a phone number that receives SMS and is registered to the United States or U.S. territories
Individual history
Your loan application may be affected by any or all of the following:
- Your credit score
- Your credit utilization
- Your payment history with Affirm, including overdue payments, deferred payment, and payment plan delinquency
- How long you’ve had an Affirm account
- The number of payment plans you currently have with Affirm
- The size of your payment plan request
- A verification of your income and debt obligations
- Recent bankruptcies
- Whether or not your personal information is up to date, including a new address or phone number, or a name change, which are not yet reflected in public records
Store policies
Approval criteria vary by store and are subject to change, including:
- The APR and term lengths offered on a payment plan.
- The store's minimum and maximum allowable amount.
- Whether the item is eligible under Affirm's policies.
Note: If you’re having trouble applying for a payment plan, check here
