Cryptocurrency Q&A
Can banks see if you use Afterpay?
Can banks see if you use Afterpay?
FantasylitElation
Thu Dec 26 2024
|
5 answers
1201
I've been using Afterpay for my online shopping. I'm just wondering, can banks actually see if I'm using Afterpay for my purchases? I'm concerned about my privacy and financial information.
5 answers
PearlWhisper
Sat Dec 28 2024
This type of check is different from a hard credit inquiry, which can indeed affect your credit rating.
Was this helpful?
149
20
Andrea
Sat Dec 28 2024
Lenders who opt for a hard credit inquiry are usually those who require a comprehensive review of your creditworthiness.
Was this helpful?
150
37
SeoulSerenitySeeker
Sat Dec 28 2024
On the other hand, buy now, pay later payments, such as those offered by Afterpay, do not affect your credit score.
Was this helpful?
281
98
Margherita
Sat Dec 28 2024
This is because Afterpay does not report these payments to any credit bureau.
Was this helpful?
380
25
CoinMasterMind
Sat Dec 28 2024
A soft credit check serves as a means for lenders to assess your credit history without leaving any negative impact on your credit score.
Was this helpful?
241
77
