Affirm which was founded in 2012 is a publicly-traded financial technology company headquartered in San Francisco, United States.
Affirm Payments is one of the BNPL providers that does not report information to Experian on some Loans. What do I mean?
BNPL simply means Buy Now, Pay Later and is a type of short-term financing that allows customers to make purchases and complete payments at later dates.
It’s usually structured like an instalment plan money lending process that involves consumers, financiers and merchants.
Currently, Klarna, Afterpay and Affirm are rated as the world’s largest BNPL systems. Other such systems are split and Sezzle.
If you couldn’t make a certain purchase all at once, you can take advantage of Affirm as they have a lot of repayment options for you… Some of these may affect your credit and others won’t.
Nonetheless, the payment arrangement you succumb to notwithstanding, if you default on your Affirm payments, it could affect your credit score and history.
As such people who know try to remove affirm from their credit report. Perhaps, you’re in the category.
Do you know that Affirm late Payment will adversely impact your credit score? Therefore, you should learn to remove affirm late payments. That’s why I’ve done my research and gotten the following:
Read Also How To Delete Affirm Account
Situations In Which You Should Remove Affirm payments In Credit Report
1. If you happened to have really made your payment late, it’s advisable that you ask Affirm for a goodwill message on the basis that you’ve proven aforetime to be a good customer.
If you’ve made previous payments on time with no problems at all, they may remove the late remark. Prepare your write up well and maximize the opportunity well, it may only be a one-time thing so be more careful next time.
Anyway, If you’re sure you paid on time and affirm recorded a late payment on your credit report, make sure you dispute the mark with credit bureaus with evidence that you made payment on time.
Affirm reports to Experian so your explanation and provision of evidence should be directed to Experian so they can remove the late payment from your credit report.
Anyway, it usually takes about 30 days for Experian to look into it and respond. Therefore, you will have to be patient. If they find you correct, they’ll remove the late payment from your credit report.
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2. If you had any hardship paying back, then you must be able to prove it to Affirm. This is different from the first case where you paid late maybe because of financial inconveniences.
In this case, perhaps, you had issues with your account or something and therefore, could not pay back on time.
If this truly happened, you may get affirmed to reverse the late payment on your credit report.
Take note that Affirm isn’t under compulsion to honour your request so be courteous and provide as much evidence as possible.
3. If you love to get the job done through an individual you can contact one on one, then you should check out Lexington Law Credit Repair.
They’ll get it done quicker than you should if you tried yourself.
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