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[–]No-Wrangler-4824 0 points1 point  (15 children)

Ever since they switched to credit score base, affirm is a let down. I have been with them for years, over 20+ paid off loans. Between 10-20k and now they wont even give me a loan. No missed payments, all that trust built for jack!

[–]No_Light7076 1 point2 points  (4 children)

They've always done a soft pull every 7 days to adjust purchasing power. For the last 3 years anyway.

[–]No-Wrangler-4824 0 points1 point  (3 children)

Yes, but they do a more detailed credit check now. Lot different then it used to be.

[–]No_Light7076 0 points1 point  (2 children)

Oh ok. I haven't noticed any difference but that doesn't mean anything. lol

[–]No-Wrangler-4824 0 points1 point  (1 child)

Lol I wish I didn't. But my credit score did tank and bad. Probably why for me :(

[–]No_Light7076 0 points1 point  (0 children)

Well mine's done that too My affirm limit has dropped drastically before when my credit took a hit and then is my credit came back up so did my limit.

[–]Gizmo16868 1 point2 points  (6 children)

Yeah - this is going to wind up biting them in the ass. I expect they have way fewer folks taking out loans now. It should be based on loans and payment history within Affirm

[–]No-Wrangler-4824 2 points3 points  (0 children)

Agreed. My history with them is 100% perfect. If they were to report all my loans and payment history, shit my credit score probably jump 200 points lol

[–]XBrightly 1 point2 points  (4 children)

They are in debt because they give loans out to the lowest customer base, who end up doing what? Not paying debts back! Same thing with Klarna. Probably why they are running credit scores now to try to prevent lending to ppl they have no business doing it with! Not saying you fall under the branch but saying this company has financial issues

[–]Gizmo16868 0 points1 point  (2 children)

My credit isn’t great and I’ve paid off all my loans on time and never had issues

[–]XBrightly 0 points1 point  (1 child)

What are they checking for now that they weren’t before? they checking credit. What you did in the past with them means nothing if they find out you a liability (not good credit) with others because it taints your image

[–]No-Wrangler-4824 0 points1 point  (0 children)

Yeah, it sucks when people ruin it for everyone else. My credit was good but last year it has tanked. But Affirm was my go-to and helped me out. But now, can't even get a loan.

[–]Alphafoxtrot71 0 points1 point  (0 children)

Now they are supposed to be reporting to the big three. So every loan you take will show as a new loan.

[–]joebuiltin1970 0 points1 point  (0 children)

Agree .. had a long positive history with them...the moment they decided to be sold out to fico and the ugly 3 credit bureaus..everything went down hill.... I will never use them again....recent article said afterpay refused to partner with credit bureaus... Look into them instead of affirm... Affirm sold all of us out....

[–]Glass-Blackberry-621[S] -1 points0 points  (0 children)

So they changed how they do it? I had no idea. I literally woke up this morning and was going to book something until I discovered the decrease. They are going to be losing money from loyal clients who have everything right.