Afterpay's dropped some big changes, and not everyone's gonna be stoked!
They’ve rolled out a bunch of new features, like paying when it suits you and keeping your credit in check.
Now you can pick the day you pay each week, so no more stressing the night before payday – been there, eh?
For the Afterpayers with a solid payment history, there’s a new ‘no upfront payment’ feature.
You can delay your first payment by up to two weeks, but watch out – your bank account might give you grief if you keep doing it.
And if you’re ever tight on cash when your next bill is due, you can push it back a week – only three times a year though, which is probably for the best.
Starting in September, 'buy now, pay later' regulations mean credit checks will be mandatory for new users. For the Afterpay regulars, you'll have a credit check to assess whether your current spending limit is right for you.
Afterpay promises these checks won’t be visible to other credit providers and won’t mess with your credit score.
New users aren’t so lucky, checks might be visible to credit providers, which could affect their credit.
All ‘buy now, pay later’ apps, like Afterpay, are now keeping tabs on your payments – good and bad.
Late payments might put a dent in your credit score, but getting it paid off in time will boost it.
Afterpay won’t pull these checks without giving you the heads-up.
You know what, it's probably a good reminder to check in with your spending habits anyway.... never hurts, eh?
