Normally, no. Most providers will not make a 'hard' enquiry on your credit history, although some may perform a 'soft' enquiry. A hard enquiry occurs when you make a formal application for credit, and the credit provider requests a copy of your credit file from a credit bureau, an event which is recorded in your credit history and may temporarily reduce your credit score. A soft enquiry has no impact on your credit score, because the provider may ask you to request your credit file yourself and let them take a look. However, failing to satisfy repayments can affect your credit rating on future loans should credit unions or banks choose to look into your repayment history and see BNPL credit defaults recorded.