I applied for a buy now pay later loan of 1000$ what if I don’t use it?
I applied for a buy now pay later loan. What if I don’t use it?
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This is a user-to-user forum. Apple largely is not here except to moderate it. If you need a definitive answer as to how the Apple Pay Later program works, you need to contact Apple.
I don't work for Apple or any of its financial partners. But in skimming these sites:
Apple introduces Apple Pay Later - Apple
Apply for an Apple Pay Later loan and make a purchase - Apple Support
I noticed the following on the second one:
"Every purchase made using Apple Pay Later is a separate loan and requires a new application."
"You can use your Apple Pay Later Available to Spend amount to make a purchase up to 24 hours after you're approved."
That indicates that unused loan approvals expire after 24 hours. You apply to buy something with the "four equal payments over six weeks", they approve you, you wait a week, you're going to need to apply again. This would let them turn down the second application if they felt like it.
