I have seen some things that Affirm has a negative impact on scores because it's viewed as sub-prime.
I have done purchases through Affirm 2 times. $750 for 3 months and $2,100 for 12 months (paid off in 6)
My Fiancee has done Affirm once for a 12 month term as well.
I have had the affirm posted on my file for over a year now and I have never seen any adverse impact to my score or approvals. Should I be waiting for the other shoe to drop here?
CFAs have negative scoring remarks. You may not have come across one, but that's only because there were other, more pertinent reasons given for approvals and denials.
If you're not seeing a scoring change, it's more than likely because you already have a CFA on your reports. No, you can't figure out which of your accounts are CFA. Any financing, like an auto loan from a manufacturer, can be one.
Gotcha, so there is not much difference between having 1 or 5?
All of my other installment loans report along the way, the Affirm only seemed to hit once as "paid as agreed" once it was closed out.