Sezzle does a soft credit check when you apply for their service. This allows them to verify your identity and determine if you qualify, without negatively impacting your credit score. Even if you have bad credit, you can likely still use Sezzle. They don’t have a minimum credit score requirement.
Sezzle Up: A Tool for Credit Improvement
While Sezzle itself doesn’t report your payment history to credit bureaus, they do offer a separate credit building tool called Sezzle Up. With Sezzle Up, they report your payments and balance each month. As long as you make on-time payments, this can improve your credit over time. However, if you miss a payment for over 30 days, they will report it to credit bureaus which could hurt your score.
Benefits and Approval Process
The main benefit of using Sezzle is that they allow you to split purchases into 4 interest-free installments over 6 weeks. This can make managing expenses easier without accruing interest fees like you would on a credit card. Their easy approval process also makes Sezzle accessible even if you have less-than-perfect credit. Just keep in mind late or missed payments can result in fees and even account restrictions.