Months ago, I took out a couple microloans with Affirm. No big deal except I’m bad with using credit in any form responsibly, and even though they don’t charge late fees, they’ve made it really hard to get rid of them.
They won’t allow me close my account or put a block on taking out new loans, until all my existing ones are paid in full. And because I live check to check, it’s hard to make the payments and still squeeze by. I understand this was my bad planning but it’s frustrating.
Right now my credit is taking a ding because I’m snowballing the loans. Paying off the smallest and on up. This means the other loans are delinquent until I get to them, but it also means they won’t let me open new ones, so it’s kind of a win.