The confirmation is a common purchase now, and later (BNPL) allows consumers to buy large ticket elements and pay the total amount in four interest -free installments. Unlike many similar applications, it does not charge the service or late fees for the “Payment in 4” plan. It also provides a purchase power of up to $ 20,000 with longer payment plans than 3 to 60 months.
However, interest rates for monthly payment plans can reach 36 %, and there is a difficult credit examination. In addition, confirming the late payment reports of Experian of the “Payment in 4” plan, but it does not report your payments on time. Therefore, the interest -free plan can only harm your credit, not helping it.
We have 14 options for applications such as confirmation
If you decide that this application does not work for you and wants to compare other companies such as confirmation, think about the similar BNPL applications. Or, if what you need is cash instead of credit, we have also included a variety of cash advance applications so that you can know how these are stacked and if they are better for your needs.
| PayPal in 4 (BNPL) | $ 30 to 10,000 dollars | 0 % to 35.99 % | Pay 4 or 3 to 24 months | When buying | no | |
| Claus (cash advance) | Up to $ 750 | free | Even the next salary | From 1 to two days work or a moment for a fee | no |
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| Mypay (Cash Prix) | Up to $ 500 | free | Even the following deposits | Within two days or a moment for a fee | no |
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| Clarna (BNPL) | No limits in advance | 0 % to 33.99 % | Pay 4, within 30 days, or 6 to 24 months | When buying | Yes | |
| After me (bnpl) | The border begins about $ 600 | 0 % to 35.99 % | Pay 4, 6 or 12 months | When buying | Yes | |
| Dave (cash advance) | Up to $ 500 | It reaches 5 dollars per month | The next payment day or the nearest Friday | Up to 3 working days or a moment for a fee | no |
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| Sezzle (BNPL) | Up to $ 15,000 | Service fee reaches $ 5.99, 0 % to 34.99 % | Pay in 2 or 4, or up to 48 months | When buying | Yes | |
| Brigitte (cash advance) | $ 50 to $ 250 | 8.99 dollars to 14.99 dollars/month | The next payment day, but it can extend | From 1 to 3 working days or immediately with a distinguished subscription or for a fee | no |
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| Zip (quadpay (formerly) (BNPL) | Different | 0 dollars to $ 78 | Pay 4 or 8 installments | When buying | Yes | |
| BNPL (BNPL) | The initial limit of up to $ 1500 | 0 % | Up to 6 months | When buying | no | |
| Cleo (Critical Prix) | It reaches $ 250 | $ 5.99/month | Within 14 days, it can extend | From 3 to 4 days or on the same day for a fee | no |
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| Perpay (BNPL) | Up to 1000 dollars, the initial extent of the spending | 0 % | Not clear, you may reach 6 months | When buying | no | |
| Split (bnpl) | It depends on the balance available for your credit card | 0 % (but your credit card prices and fees are still applied) | It differs from the merchant | When buying | no | |
| Suggestion of the cash application | Up to $ 1,000 | 5 % of pre -amount | Usually within 4 weeks | Day | Yes |
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How is the confirmation compared?
He confirmed a good confirmation against the competition, with some of the highest loans and there is no interest or late fees on short -term loans. It also provides a variety of payment options, with terms of up to five years for the largest purchases.
But prices on monthly loans can reach 36 % – worse than a credit card or most personal loans. In addition, it can only harm your credit, not help, while some applications have started providing credit building features with their loans.
Check our full review to confirm to learn more.
Positives
- Loans reach $ 20,000
- There is no difficult credit examination
- No fees
cons
- Only reports of late payments for credit offices
- The batch is usually required
- Rates up to 36 % on installment loans
Why choose the BNPL app
BNPL applications can be a great tool if you want to make a larger purchase, but you prefer to spread the cost on a few salaries. This service is especially important if you need something important today – like the new refrigerator – but you don’t have enough money to cover it.
In addition, many BNPL providers do not require soft credit at most, so it is relatively easy to qualify for it. But prices can rise if you choose a longer payment plan, as this may increase spending and most of them do not help build credit such as loans or credit cards.
Positives
- Short -term loans free of interest
- It is usually easy to qualify
- Approval in minutes
- It is widely available
cons
- The service fees or late fees may
- You may encourage increased spending
- Usually it does not help in building credit
- High loan rates in the long term
Why may the applications of money advance may be a good alternative
One of the largest advantages of the cash advance applications on BNPLS is access to cash. After all, the BNPL loan can usually help you if you need a gas now to reach work or a little money to enjoy a drink with friends.
In addition, some applications of money advance are free from a practical point of view, while BNPL loans often come with late fees, service fees or high interest rates if you need more than a month or two to pay. However, some applications of money advance require a monthly subscription, short loan conditions and sometimes highly slope transfer fees.
Positives
- Access to criticism
- There is no interest or late fees
- It is easy to qualify for
cons
- It may require a monthly subscription
- Immediate transfers fees
- Short loan conditions
- Perform up to $ 150 a day, with a maximum of $ 750 between payment days
- No credit examination
- There are no monthly fees or benefit
- Connect the bank account to reach the cash advance
- Get up to $ 500 for each payment period
- No interest or fees required
- Access to your salary within 24 hours
Other alternatives
If there is no cash advance or BNPL loan that suits your needs, think about these alternatives:
- Personal loan. For larger loans, think about a personal loan, for up to $ 50,000 or even $ 100,000. You may need good credit to qualify, but you may be eligible to get better prices than the BNPL provider.
- 0 % credit card. A variety of credit card companies offers 0 % promotional cards for 12 to 18 months, which gives you longer time to pay for your purchases without interest.
- Debt unification loan. If you find yourself tending to BNPL offers because your credit cards have been maximum, you can take advantage of a loan to enhance this debt in one monthly payment at a lower interest rate.
- save. Although it is not always possible, saving for the things you want can give you a sense of achievement and your removal from debt.
- Credit consultation. Non -profit credit advice provides free or low -cost services to help you create a budget and control your money.
Related questions
Can I get multiple loans from companies such as confirmation?
Yes. In many cases, you will have a total spending limit, and you can get many loans as you want to this extent. Other sites such as confirming the review of each purchase as a new loan, so that you can one day be approved and you rejected the following, depending on a number of variables.
How do you decide places like confirmation how much I am qualified?
The accurate criteria for the amount of borrowing depend on the BNPL provider. Some factors that may include applications such as confirmation of your income level, use of account and date with the application, and the amount of credit you used, and if you have other debts.
