How Old Do You Have to Be to Use Affirm?

Introduction

Affirm is a financial service that allows consumers to purchase items through installment payments. This service is popular among those who have limited access to traditional credit cards or those who prefer to pay off their purchases over time. But how old do you have to be to use Affirm? In this article, we explore the age requirements for using Affirm and what you need to know before opening an account.

What You Need to Know Before Opening an Affirm Account

Before opening an Affirm account, it’s important to understand the legalities of utilizing Affirm as a minor. According to the Children’s Online Privacy Protection Act (COPPA), minors under the age of 13 cannot open an Affirm account without parental consent. Similarly, those between the ages of 13 and 17 may require parental consent depending on the laws in their state.

It is also important to consider whether the minor is mature enough to handle the responsibility of making regular payments on their purchases. A child who is not yet old enough to understand basic financial concepts may not be ready to use Affirm.

Exploring the Age Limits for Affirm Use

The minimum age requirement for using Affirm is 18 years old. Those under this age must obtain parental consent before they can open an account. Additionally, users must be at least 18 years old to apply for a loan from Affirm.

There is no maximum age limit for using Affirm, however users must pass a credit check to be approved for a loan. Those with a history of poor credit may find it difficult to receive approval for a loan.

In addition to meeting the age requirements for using Affirm, all users must be U.S. citizens or permanent residents. They must also provide a valid form of government-issued identification, such as a driver’s license or passport.

Conclusion

Affirm is a great financial tool for those who need access to installment payments or those who prefer to pay off their purchases over time. However, understanding the age requirements for using Affirm is important. To use Affirm, users must be at least 18 years old and pass a credit check. Minors between the ages of 13 and 17 may need parental consent, depending on their state’s laws. It is also important to consider whether the minor is mature enough to handle the responsibility of making regular payments on their purchases.

Ultimately, Affirm is a great tool for those who need access to alternative financing options. By understanding the age requirements and being aware of the legalities associated with using Affirm, users can make informed decisions when it comes to managing their finances.