Affirm says it reports some longer-term loans to Experian, but it doesn’t report its plans that offer four interest-free payments, a common BNPL structure. In addition, most credit scoring ...

Affirm offers a wide range of BNPL plans to choose from, including a pay-in-four plan and monthly payment plans. It charges zero fees. Payment plans Pay in four installments, due every two weeks.

To better understand the emerging BNPL market, the CFPB issued market monitoring orders in March 2023 to collect information from several companies offering no-interest, pay-in-four BNPL loans ...

While a pay-in-four plan doesn’t usually charge interest, longer-term BNPL plans may charge an annual percentage rate up to 36%. Fees, like for late or rescheduled payments, range from $2 to $15 ...