How to Determine Affirm Mattress Eligibility in 5 Simple Steps

08/27/2024

Ben Trapskin

I have carefully studied and evaluated many mattresses, sheets, pillows, duvet inserts, comforters, sleep gadgets, and adjustable beds for over a deca... Full Bio

How Affirm Makes Mattress Financing Easy

Can you use Affirm to buy a mattress? Yes, you can! By choosing Affirm at checkout, you can buy a mattress now and pay for it over time with flexible financing options. Here’s how:

Select a payment plan: Pick a term that suits your budget, ranging from 3 to 48 months.
No hidden fees: Affirm charges simple interest, so you’ll pay only what you see up front.
Soft credit check: Affirm runs a soft credit check that won’t affect your credit score.

Finding the right mattress can be overwhelming, especially when factoring in the cost. But platforms like Affirm make financing easy, transparent, and flexible. Whether you need a medium-firm, hypoallergenic mattress or one that offers pressure relief for your back pain, Affirm has got you covered. This guide will walk you through how to determine your eligibility for Affirm mattress financing in just five simple steps.

I’m Ben Trapskin, the creator of Yawnder. My journey in sleep began when I struggled with sleepless nights. Now, I help others find the perfect mattress and financing solutions like Affirm to improve their sleep and overall health.

Can you use Affirm to buy a mattress? terms to know:

Step 1: Understand What Affirm Is

Before you dive into financing a mattress, it’s important to understand what Affirm is and how it works.

Buy Now, Pay Later

Affirm is a buy now, pay later service that allows you to purchase items immediately and pay for them over time. This can be a lifesaver when you need a new mattress but can’t afford to pay the full price upfront.

Microloans

Affirm provides microloans to consumers. These are small loans that you can use to finance your mattress purchase. The beauty of microloans is that they are custom to fit your budget, making it easier to manage your finances.

No Hidden Fees

One of the standout features of Affirm is that it charges no hidden fees. You will only pay the amount you agree to at the time of purchase. This transparency helps you avoid any unpleasant surprises down the road.

“Affirm does not charge late fees, service fees, prepayment fees, APR penalties or any other hidden fees for a late payment. They strive to always be more transparent and fair than any other form of financing.” — Yawnder

No Late Fees

With Affirm, there are no late fees. This means that even if you miss a payment, you won’t be penalized with additional charges. This feature sets Affirm apart from many other financing options, which often impose hefty fees for late payments.

Simple Interest

Affirm uses simple interest instead of compound interest. This means you won’t be paying interest on top of interest, which can quickly add up. Simple interest makes it easier to understand exactly how much you will owe over the life of the loan.

When you shop at Purple with Affirm, you’ll never pay more than what you see up front. Unlike most credit cards, we charge simple interest, not compound interest.” — Yawnder

By understanding these key features, you can see why Affirm is a smart choice for mattress financing. It offers a transparent, flexible, and user-friendly way to pay for your new mattress over time.

Now that you have a good grasp of what Affirm is, let’s move on to the next step: checking your credit score and eligibility.

Step 2: Check Your Credit Score and Eligibility

Before using Affirm to finance your mattress, it’s crucial to understand the eligibility requirements and how your credit score comes into play.

Soft Credit Check

When you apply for financing through Affirm, they perform a soft credit check. This type of inquiry verifies your identity and assesses your creditworthiness without affecting your credit score. Unlike a hard credit check, which can lower your credit score, a soft check is harmless and won’t show up on your credit report.

“Affirm only requests a soft credit check for approval, so the credit inquiry won’t affect your credit score.” — Yawnder

No Impact on Credit Score

Since Affirm uses a soft credit check, you don’t have to worry about any negative impact on your credit score. This is a significant advantage if you’re cautious about maintaining a good credit rating.

“Affirm requires a soft credit check when opening an account, which does not affect your credit score.” — Investopedia

Eligibility Criteria

Affirm evaluates several factors to determine your eligibility for financing. While they do consider your credit score, they also look at other data points such as your income, repayment history, and the loan amount requested. This comprehensive approach means you might still qualify for financing even if you don’t have an extensive credit history.

“Affirm bases its loan decision not only on your credit score, but also on several other data points about you. You may be eligible for Affirm financing even if you don’t have an extensive credit history.” — Yawnder

Experian

Affirm primarily uses Experian for its credit checks. Experian is one of the three major credit bureaus in the United States, and it provides a reliable assessment of your creditworthiness.

“Affirm performs a ‘soft’ credit check to help verify your identity and determine your eligibility for financing.” — Yawnder

By understanding these key points, you can better gauge your chances of being approved for financing through Affirm. Now that you know how to check your credit score and eligibility, let’s move on to the next step: choosing your mattress and retailer.

Step 3: Choose Your Mattress and Retailer

Once you understand Affirm’s eligibility requirements, it’s time to pick the perfect mattress. Yawnder offers a curated selection of top-quality mattresses designed for various sleeping preferences and needs. Here’s how to choose the right one for you:

Yawnder’s Exclusive Mattress Selection

At Yawnder, we provide a range of mattresses that cater to different comfort and support needs. Our exclusive collection ensures that you find the perfect match for your sleep habits. When you check out, simply select Affirm as your payment method to split the cost into manageable monthly payments.

“Explore our exclusive mattresses and pay over time with Affirm—without any hidden fees.” — Yawnder

Customized Options

We understand that each sleeper is unique, so we offer customized mattresses that are tailored to your preferences. Whether you need enhanced back support or a softer surface for pressure relief, our customizable options have you covered.

Trusted Quality

All our mattresses are made with high-quality materials to ensure durability and comfort. By choosing a mattress from Yawnder, you’re investing in a product that will support your sleep health for years to come.

Easy Financing with Affirm

Selecting Affirm at checkout allows you to finance your mattress purchase directly through our platform, ensuring a seamless and secure transaction. Choose from various payment plans to suit your budget and enjoy the benefits of a good night’s sleep without immediate financial strain.

By selecting a mattress directly from Yawnder and using Affirm for financing, you can manage your payments easily and enjoy a premium sleep experience without any hassle.

Step 4: Apply for Affirm Financing at Checkout

Applying for Affirm financing at checkout is straightforward. Here’s how to do it:

Real-Time Decision

When you’re ready to buy your mattress, select Affirm as your payment method at checkout. You’ll be asked to provide some basic information, like your name, email, mobile phone number, date of birth, and the last four digits of your social security number.

Simple Application

The application process is designed to be user-friendly and quick. Once you’ve entered your information, Affirm will send a text message to your phone with a unique authorization code. Enter this code on the application form to verify your identity.

“Affirm’s application process is secure and in real-time. You’ll know exactly how much you’ll owe each month, the number of payments, and the total interest.” — Yawnder

Virtual Visa Card

In some cases, Affirm offers a virtual Visa card that you can use to complete your purchase. This card can be used just like a regular credit card on the retailer’s website. It’s especially handy if the retailer doesn’t directly integrate with Affirm.

Flexible Payment Plans

Affirm offers a variety of payment plans, ranging from 3 to 24 months, allowing you to choose the plan that best fits your budget. Some purchases may even qualify for 0% APR, meaning you won’t pay any interest if you pay off the loan within the specified term.

For example, instead of paying $1,500 upfront for a DreamCloud mattress, you could pay $63 a month at 0% APR over 24 months.

“Choose the payment plan that works for you from 3 to 24 months.” — Yawnder

By selecting Affirm at checkout, you can break down the cost of your mattress into manageable monthly payments, making it easier on your budget. Next, we’ll discuss how to manage your payments effectively.

Step 5: Manage Your Payments

Once you’ve successfully financed your mattress with Affirm, managing your payments is straightforward and hassle-free. Here’s how to keep everything on track:

Auto-Pay

One of the easiest ways to manage your payments is by setting up auto-pay. This feature ensures that your monthly payments are automatically deducted from your bank account or debit card. By enabling auto-pay, you reduce the risk of missing a payment and incurring additional interest.

Email and SMS Reminders

Affirm sends email and SMS reminders before each payment is due. These reminders include the installment amount and the due date, helping you stay on top of your payments. You can also receive notifications about your payment status and account updates.

“Affirm will send you email and SMS reminders in advance of your upcoming payment.” — Yawnder

Payment Methods

Affirm offers flexibility in how you can make your payments. You can choose to pay using a debit card or through an ACH bank transfer. Simply log in to your Affirm account, select the loan you want to pay, and choose your preferred payment method.

No Prepayment Penalties

One of the best features of Affirm is that there are no prepayment penalties. This means you can pay off your loan early without incurring any extra fees. Paying off your loan ahead of schedule can save you money on interest and help you manage your finances better.

“Affirm does not charge late fees, service fees, prepayment fees, APR penalties or any other hidden fees for a late payment.” — Yawnder

Simple Payment Process

To make a payment, follow these easy steps:

Go to www.affirm.com/account.
Enter your mobile number to receive a personalized security pin.
Enter the security pin and click “Sign In.”
Select the loan you want to pay.
Choose your payment method—debit card or ACH bank transfer.

By following these steps, you can ensure your payments are made on time and your credit remains in good standing.

Frequently Asked Questions about Using Affirm to Buy a Mattress

Can you use Affirm to buy a mattress?

Yes, you can use Affirm to buy a mattress directly from Yawnder! This allows you to spread out the cost of your new mattress over several months with flexible payment plans.

One of the biggest benefits of using Affirm is the transparency. Affirm charges simple interest and no hidden fees. You’ll know exactly how much you owe each month, and there are no surprises. Plus, Affirm doesn’t charge late fees, which makes it a great option for financing your mattress.

“Affirm offers real-time financing for purchases online. With Affirm, you can buy and receive your purchase now, and pay for it in fixed monthly installments.” — Yawnder

What items cannot be purchased with Affirm?

While Affirm allows you to finance a wide range of products, there are certain items you can’t buy using their service. These include:

Weapons
Narcotics
Cryptocurrency
Money transfer services

These restrictions help ensure that Affirm’s financing is used responsibly and for legitimate purchases.

Will using Affirm affect my credit score?

One of the most common concerns is whether using Affirm will impact your credit score. Here’s the good news: Affirm performs a soft credit check when you first create an account. This soft inquiry helps verify your identity and determine your eligibility for financing, but it does not affect your credit score.

However, when you make a purchase, Affirm may require a hard credit inquiry to finalize your loan. This hard inquiry can have a minor impact on your credit score, but it’s a standard part of the loan approval process.

“Affirm requires a soft credit check when opening an account, which does not affect your credit score.” — Investopedia

Additionally, making timely payments on your Affirm loan can positively affect your credit score. Affirm reports your payment history to credit bureaus, so staying on top of your payments can help build your credit.

Using Affirm to buy a mattress is a convenient and transparent way to manage your finances, ensuring you get the rest you need without breaking the bank.

Conclusion

At Yawnder, we understand that finding the perfect mattress can be a game-changer for your sleep quality and overall well-being. That’s why we offer expert evaluations to help you choose the best mattress that suits your needs and budget. Whether you prefer a firm or plush feel, memory foam or innerspring construction, our top-rated mattresses are designed to provide comfort and support for years to come.

One of the great advantages of shopping with Yawnder is our partnership with Affirm. Using Affirm for mattress financing allows you to break down the cost into manageable monthly payments, making it easier to invest in a high-quality mattress without straining your wallet. With no hidden fees and straightforward terms, Affirm provides a transparent and hassle-free financing experience.

Moreover, Yawnder ensures a seamless shopping journey from start to finish. Once you’ve selected your mattress, you can enjoy the convenience of direct-to-door shipping, eliminating the need for you to worry about logistics. This way, you can focus on what truly matters—getting a good night’s sleep.

Ready to find your dream mattress? Visit our budget-friendly memory foam mattress page to explore our top picks and start your journey to better sleep today.

At Yawnder, we’re committed to helping you wake up refreshed and refreshd every morning.