Hey all,
Hope this is the right place for this on a question on Sezzle Up. I have used Sezzle for quite some time, great way to puchase for me without sticking it all on a CC at once and doesn't report. They have the Sezzle Up now that will actually report to TU, and according to the page will boost your limit along with some other benefits according to the website. For this, I was curious if anyone has this and could share how it reports, or confirm my thoughts on this from the FAQ:
What type of credit is offered through Sezzle Up? - Sezzle Up is considered a revolving line of credit (similar to a credit card).
Also -
"At the end of each month, we review the overall standing of your account, including your outstanding balance and your payment status. That month-end standing is what is reported to the credit bureaus"
So does this mean, its like a CC, the amount they say you can spend is the "credit limit" and if I have a purchase at current, that is the UTI in use... so if its 1500 available for my next purchase, i make a purchase for 200, pay the down payment of 50 with 3 remaining payments, it will report just like my CC with 150/1500 limit if the purchase exists like this at the end of the month?
Link to full FAQ page if want to read more: Sezzle Up Impact to Credit
~JD
