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Is there a hard credit check on installment payments?

Is there a hard credit check for customers wanting to purchase using the installment payment program?

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Square

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Hey @Joshxg! Thank you for your post!

 

With Square Installments, as a first step, we perform a soft credit check to verify your identity and determine if you meet our basic criteria. This soft credit check will not affect your credit score. If you meet this criteria and continue with the application process, then your credit report will show an inquiry from Square Loans, which could affect your credit score.

 

You can view this and other Square Installments FAQs in our Support Center

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Hi, I don't know that answer, but I am curious , you mentioned installment payments? How do you do that? I have client's who want to do partial payments but once i completed the invoice, it won't let them

 

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Square

Best Answer

Hey @Joshxg! Thank you for your post!

 

With Square Installments, as a first step, we perform a soft credit check to verify your identity and determine if you meet our basic criteria. This soft credit check will not affect your credit score. If you meet this criteria and continue with the application process, then your credit report will show an inquiry from Square Loans, which could affect your credit score.

 

You can view this and other Square Installments FAQs in our Support Center

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