How to undo an Affirm purchase
If you regret an Affirm-financed purchase, the cleanest path is returning the item to the merchant. When the merchant processes the refund, Affirm cancels or adjusts your loan automatically. Until that refund posts, you are responsible for payments. Contact the merchant first, not Affirm, for purchase returns.
Affirm and your credit
Some Affirm loans are reported to credit bureaus. Paying on time can help; missing payments can hurt. If you are closing your account to avoid temptation, paying off and closing is fine, but it will not erase the payment history already reported.
Frequently asked questions
- Can I cancel an Affirm loan?
- Not directly. You either pay it off (no prepayment penalty) or return the purchased item so the merchant refunds it, which cancels the loan.
- How do I close my Affirm account?
- Pay off all active loans, then contact Affirm support at help.affirm.com to request account closure.
- Does paying off Affirm early cost extra?
- No. Affirm has no prepayment penalty. You can pay off a loan early at any time in the app.