Making consistent on-time payments with Afterpay is one way to positively impact your credit score. On the flipside, late payments may lead to a negative impact on your credit score.
In New Zealand, we are required to report credit activities to relevant bureaus to help maintain an accurate record of your credit history. We also review credit reports when onboarding new customers, and when we consider increasing spend limits.
Credit checks at Afterpay:
For new customers, we'll perform a credit check when assessing your application. This enquiry may be visible to other credit providers and may impact your credit score.
For our existing customers, we'll perform credit checks to assess whether higher spending limits are suitable for you. These checks will not be visible to other credit providers and will not impact your credit score.
Our main aim is always to help you spend responsibly, and we take a number of steps to help ensure that you’re paying on time, including sending reminders leading up to the payment due date and an alert after a payment has failed.