Does Sezzle do a credit check? [2024] 💳

Have you ever wanted to buy something online but didn’t have the funds upfront? That’s where “buy now, pay later” services like Sezzle come in handy. With Sezzle, you can split your purchase into four interest-free payments, making it easier to manage your budget. But before you dive in, you might be wondering, “Does Sezzle do a credit check?” We’re here to answer that question and more in this comprehensive guide. So, let’s get started!

Quick Answer

Yes, Sezzle does conduct a credit check, but it’s a soft credit check that doesn’t impact your credit score. Sezzle doesn’t have a minimum credit score requirement, so even if you have a less-than-perfect credit history, you can still be approved for their service. This makes Sezzle a great option for those who may have been denied credit in the past.

✅ Sezzle does a soft credit check that doesn’t affect your credit score.

Quick Tips and Facts

• Sezzle is a “buy now, pay later” service that allows you to split your purchase into four interest-free payments.
• Sezzle conducts a soft credit check during the approval process.
• There is no minimum credit score requirement to use Sezzle.
• Sezzle’s payment plans include pay-in-four, pay-in-two, and monthly financing options.
• Sezzle charges late fees and convenience fees for certain transactions.
• Sezzle offers credit-building opportunities by allowing borrowers to opt in to credit reporting.

Now that we’ve covered the basics, let’s dive deeper into the background and workings of Sezzle.

Background: How Sezzle Works and Its Features

Sezzle is a popular “buy now, pay later” service that allows you to make purchases online and pay for them over time. With Sezzle, you can split your purchase into four equal payments, with the first payment due at the time of purchase. The remaining payments are automatically deducted from your linked payment method every two weeks.

Sezzle offers a range of payment plans to suit your needs. In addition to the pay-in-four option, they also have pay-in-two and monthly financing options. This flexibility allows you to choose a plan that works best for your budget.

Sezzle’s Rating and Consumer Feedback

To give you a comprehensive overview of Sezzle, we’ve evaluated various aspects of the service based on consumer feedback. Here’s how Sezzle rates in key areas:

Now, let’s take a closer look at each aspect to understand why Sezzle received these ratings.

Design: Making Online Shopping a Breeze

Sezzle’s user-friendly interface and seamless integration with online stores make the shopping experience a breeze. The checkout process is straightforward, and you can easily see your payment schedule and manage your payments within the Sezzle app or website.

Functionality: Splitting Payments Made Easy

Sezzle’s functionality is top-notch. Once you’ve signed up and linked your payment method, you can start using Sezzle right away. The service automatically splits your purchase into four equal payments, making it easy to budget and manage your expenses.

Performance: Smooth and Reliable Transactions

Sezzle’s performance is highly rated by users. The service processes payments quickly and reliably, ensuring a smooth shopping experience. Users have reported minimal issues with transactions and prompt customer support when needed.

Cost-effectiveness: Interest-free Payments

One of the biggest advantages of using Sezzle is that it offers interest-free payments. This means you can spread out the cost of your purchase without incurring any additional fees. However, it’s important to note that Sezzle does charge late fees and convenience fees for certain transactions, so be sure to read the terms and conditions before using the service.

Now that we’ve covered the main aspects of Sezzle, let’s address some common questions and concerns.

FAQ

What credit score is needed for Sezzle?

Sezzle does not have a minimum credit score requirement. They conduct a soft credit check during the approval process, which means it won’t impact your credit score. This makes Sezzle a great option for those who may have a less-than-perfect credit history.

Is it hard to get approved with Sezzle?

Getting approved with Sezzle is generally easy, as they don’t have strict credit requirements. As long as you meet their basic eligibility criteria, such as being at least 18 years old and having a valid payment method, you have a good chance of being approved.

Does Sezzle show up on a credit report?

Sezzle does not report to credit bureaus by default. However, they do offer an opt-in credit reporting feature that allows you to build your credit history by making timely payments. If you choose to opt in, Sezzle will report your payment activity to credit bureaus, which can help improve your credit score over time.

What is the credit limit for Sezzle?

Sezzle does not have a fixed credit limit. Your initial spending limit is determined based on various factors, including your repayment capability. As you continue to use Sezzle and make timely payments, your spending limit may increase.

Now that we’ve addressed some common questions, let’s compare Sezzle to other similar services and explore some alternatives.

How Does Sezzle Compare?

When it comes to “buy now, pay later” services, Sezzle is a popular choice. Let’s compare Sezzle to other similar services to see how it stacks up.

Sezzle vs. Klarna and Afterpay

Sezzle, Klarna, and Afterpay are all popular “buy now, pay later” services that offer similar payment plans. However, there are some differences to consider:

• Sezzle offers pay-in-four, pay-in-two, and monthly financing options, while Klarna and Afterpay primarily focus on pay-in-four plans.
• Sezzle conducts a soft credit check, while Klarna and Afterpay may perform a hard credit check, which can impact your credit score.
• Sezzle does not have a minimum credit score requirement, making it more accessible for those with less-than-perfect credit histories.

Ultimately, the choice between Sezzle, Klarna, and Afterpay depends on your specific needs and preferences. Consider factors such as payment plan options, credit check requirements, and accessibility when making your decision.

Now that we’ve covered the comparison, let’s explore how you can get started with Sezzle.

How to Get Sezzle

Getting started with Sezzle is quick and easy. Here’s how you can start using Sezzle today:

1. Visit the Sezzle website or download the Sezzle app from the App Store or Google Play Store.
2. Sign up for a Sezzle account by providing the required information.
3. Link your preferred payment method, such as a debit card or bank account.
4. Start shopping at online stores that offer Sezzle as a payment option.
5. At checkout, select Sezzle as your payment method and follow the prompts to complete your purchase.
6. Enjoy your purchase and make your payments over time with Sezzle’s interest-free payment plans.

It’s that simple! Now you can shop online with ease and pay for your purchases over time.

Alternatives to Sezzle

While Sezzle is a great option for “buy now, pay later” services, there are other alternatives worth considering. Here are a few alternatives to Sezzle:

• Klarna: Klarna offers similar payment plans and has a wide network of online stores that accept their service.
• Afterpay: Afterpay is another popular “buy now, pay later” service that allows you to split your purchase into four interest-free payments.
• PayPal Credit: PayPal Credit offers a line of credit that you can use for online purchases, with flexible repayment options.

When choosing an alternative to Sezzle, consider factors such as payment plan options, fees, and the network of online stores that accept the service.

Conclusion

In conclusion, Sezzle is a convenient “buy now, pay later” service that allows you to split your purchase into four interest-free payments. While Sezzle does conduct a credit check, it’s a soft credit check that doesn’t impact your credit score. This makes Sezzle accessible to a wide range of consumers, including those with less-than-perfect credit histories.

With its user-friendly interface, seamless integration with online stores, and flexible payment plans, Sezzle offers a convenient way to manage your budget and make online purchases. However, it’s important to be aware of the late fees and convenience fees that Sezzle charges for certain transactions.

Based on consumer feedback and our evaluation, we give Sezzle a rating of 8.5 out of 10. It’s a reliable and cost-effective option for those looking for interest-free payment plans and credit-building opportunities.

So, if you’re ready to shop online without breaking the bank, give Sezzle a try! Start by signing up for an account and enjoy the convenience of splitting your payments over time.

Recommended Links:

• Finance and Budgeting Apps
• E-commerce App Alternatives
• Social Media Alternatives
• Comparative Analysis
• App Reviews

Reference Links:

• Sezzle Buy Now, Pay Later: 2024 Review – NerdWallet