Understanding Scratch Plan Interest Rates
Interest rates for Scratch Pay 12 & 24 month plans are tailored to each applicant's credit profile. Your specific interest rate is determined after you apply, as it depends on your comprehensive personal and financial information.
At Scratch, when applying for and accepting a Scratch Pay plan, your credit score will not be impacted. Scratch Pay plan applications do require a soft credit check. After accepting your Scratch Pay plan, your credit score could be affected if you fail to make plan payments on time.
If approved for a Scratch Pay plan, you'll see your interest rate in the plan details. If you're not content with the offered rate, you can decline the plan at no cost, and it won't affect your credit score in any way.
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Scratch Pay plans in the US are issued by WebBank, while in Canada, they are issued by ©Scratch Financial, Inc. ©Scratchpay (NMLS ID#: 1582666). Eligibility is required for these loan products, and Scratch Pay plans may not be available in all states.