Does Frasers Plus Affect Credit Score

Does Frasers Plus Affect Credit Score

Frasers Plus is a payment service offered by Frasers Group — the retail company behind brands like Sports Direct, House of Fraser, Flannels and Evans Cycles. It allows customers to buy now and pay later for items online, with flexible repayment options over several months. While this can be a convenient way to spread the cost of purchases, many people ask the important question: does using Frasers Plus affect your credit score?

The short answer is yes, Frasers Plus can affect your credit score, both positively and negatively. That’s because it is a regulated credit agreement that involves a formal credit check and is reported to UK credit reference agencies. In this article, we’ll explain how Frasers Plus works, how it interacts with your credit file, and what you need to be aware of before using it.

What Is Frasers Plus

Frasers Plus is a Buy Now, Pay Later (BNPL) credit option launched by Frasers Group in partnership with Frasers Group Financial Services, an FCA-regulated provider. It gives you the ability to:

• Buy items from selected Frasers Group brands

• Choose to pay in full later or split the cost over up to 12 months

• Manage payments via the Frasers Plus online portal

• Use an account with an approved credit limit, like a credit card

Unlike unregulated BNPL services, Frasers Plus involves a formal credit agreement and monthly repayments, which means your borrowing behaviour is monitored and reported.

Does Frasers Plus Affect Your Credit Score

Yes, using Frasers Plus can impact your credit score in the following ways:

1. Hard credit check on application

When you apply for Frasers Plus, the provider performs a hard search on your credit file. This is visible to other lenders and may cause a small, temporary drop in your credit score.

Hard checks stay on your report for 12 months and are taken into account by lenders when assessing risk. If you apply for multiple credit products in a short space of time, it can reduce your chances of approval elsewhere.

2. Credit account appears on your report

Once approved, Frasers Plus appears as a credit account on your credit file. This includes:

• Your credit limit

• Current balance

• Monthly repayments

• Payment history

This account is reported to credit reference agencies such as Experian, Equifax and TransUnion. Like any other credit product, how you manage it can affect your credit score.

3. Missed or late payments hurt your score

If you miss a payment or pay late, it can be reported as a negative mark on your credit file. This may cause your score to drop and can stay on your report for up to six years.

Lenders will see these entries when you apply for future credit, and frequent missed payments can make it harder to get loans, credit cards or mortgages.

4. On-time payments help build credit

If you use Frasers Plus responsibly — keeping your balance low and paying on time — this can help improve your credit score over time. A consistent, positive payment history is one of the strongest factors in a healthy credit profile.

Real-World Example

Jordan applied for Frasers Plus to buy a new winter coat and trainers from Flannels. A hard credit check was performed during the application. He was approved for a £500 credit limit and chose to pay over six months.

He set up a direct debit to ensure payments were made on time. Over the following months, his on-time payments were reported to credit agencies, and his credit score improved by 25 points thanks to low utilisation and good repayment behaviour.

In contrast, Emma applied and was accepted but missed two monthly payments. These were reported as late payments, and her credit score dropped significantly. She later found it more difficult to get approved for a 0% balance transfer card.

How to Use Frasers Plus Without Harming Your Credit Score

If you choose to use Frasers Plus, here’s how to manage it responsibly:

• Make payments on time — set up direct debits or payment reminders

• Don’t max out your credit limit — aim to use less than 30% where possible

• Avoid multiple credit applications around the same time

• Check your credit report regularly to monitor how Frasers Plus is recorded

• Understand the full repayment terms — read the credit agreement carefully

If you find you’re struggling with payments, contact Frasers Plus customer service early. Missed payments can spiral quickly and lead to fees, collections or further credit damage.

Final Thought

Frasers Plus does affect your credit score, because it’s a regulated credit product that involves a hard credit check, a formal agreement, and monthly reporting to credit reference agencies. When managed well, it can contribute to a stronger credit profile — but if misused, it can lead to long-term damage.

As with any credit product, it’s essential to borrow within your means, keep up with payments, and stay in control of your finances. Used wisely, Frasers Plus can be a useful tool — but it’s not risk-free.