Does Sezzle affect credit score?

_{Sezzle credit score, Sezzle affecting your credit score, British Columbia}

Curious about Sezzle in Canada? No worries—using it won’t impact your credit score as they perform soft credit checks. But if you’re eyeing the Sezzle Up program, remember: prompt payments can boost your credit by reporting to bureaus, while late ones might lower your score. If in doubt or need help, reach out via phone, text, or live chat. Some trustees may not be trusted!

Show Table of Contents

_{Sezzle’s impact on credit score: Soft checks, no worries!}

Sezzle Credit Score Question

Does Sezzle affect credit score? I’m curious if using Sezzle can have an impact on my credit score. It’s not clear how it works with credit reporting.

From: Anonymous Question
Location: Burnaby, British Columbia (BC)
Category: credit rebuilding

Sezzle Credit Score Answer

Using Sezzle in Canada generally won’t mess with your credit score since they perform only soft credit checks. Now, if you’re thinking about trying out the Sezzle Up program, your payment history might get reported to credit bureaus. This can be a sweet way to build your credit if you’re on top of your payments. However, if payments come in late, it could ding your score if you’re in the Sezzle Up program. Without it, any payments you make through Sezzle won’t impact your credit history at all.

From: Insider Scott

Office of the Superintendent of Bankruptcy (OSB) Answer

Sezzle does not directly report to credit bureaus unless you miss payments or default on your agreement. In such cases, negative payment history may impact your credit score. Hence, responsible use of Sezzle may not affect your credit score, but poor management can lead to negative reporting, which can affect credit standing. Therefore, it is crucial to monitor payments and manage your finances wisely.

From: OSB Helper

Related Questions to Sezzle Affecting Your Credit Score

Here are the top 5 most frequently asked questions related to the impact of Sezzle on credit scores, tailored for the Canadian context:

1. Does Sezzle report to credit bureaus?

Sezzle reports to credit bureaus only if you are enrolled in Sezzle Up.

2. How do late payments on Sezzle affect my credit score?

Late payments on Sezzle can negatively impact your credit score, especially if they remain unresolved for multiple months.

3. Can using Sezzle help me build my credit score?

Yes, using Sezzle and making on-time payments through the Sezzle Up program can help you build your credit score.

4. Is there a minimum credit score required to use Sezzle?

No, there is no minimum credit score requirement to use Sezzle, as it only conducts a soft credit pull.

5. How can I view my credit score if I am using Sezzle Up?

You can view your credit score using services like Borrowell in Canada if you are enrolled in Sezzle Up.

If you have a question about debt see our debt questions or ask your own debt related question.

References

_{Table of article references}