People should worry about having small short term loans on their credit report, because it could result in other lenders assessing them as a higher risk and therefore a higher interest rate.
For example, you use Apple BNPL, and then in a couple years you go to buy a house, and they see that you use a BNPL service, and so their underwriting classes you as a higher risk and you could end up paying 100bps more on a mortgage.
But the wording on Apple's website is fine since the whole claim is technically true:
>Users can apply for a loan within Wallet with no impact to their credit.
Yeah I get what you are saying. I bought a cup of coffee from Starbucks and they told me it was hot but they didn't tell me the caffeine could make me restless and dehydrated. Are they bad? Should I sue them?
Typically what people worry about are the cost of a hard pull when applying for credit. Apple is saying they will not do a hard pull