News

Depending on how you use buy now, pay later (BNPL), improper usage could really hurt your credit score, even tank it. Here's ...
BNPL, i.e., “Buy Now, Pay Later” scheme, has become quite popular among the youth these days. While shopping online, you can ...
Pay Later gains traction, experts warn that rising defaults could hurt consumers’ credit scores, stressing the need for ...
What are the risks of buy now, pay later loans? The promise of buy now, pay later is enticing. But, an interest-free loan is not free if you miss a payment.
Buy now, pay later (BNPL) services have entrenched themselves on every shopping platform and nearly every service you can ...
Buy now, pay later "is becoming a really big part of how people are managing ... And, of course, there's the risk of hurting your score. Almost a quarter of people using these loans made a late ...
‘Buy now, pay later’ services allow consumers to buy things immediately and pay for them in instalments over a set period, usually without interest if payments are made on time. However, as usage of ...
FICO, the company behind the most widely used credit scoring models in the U.S., has developed two new algorithms that, for ...
“Buy Now, Pay Later loans are playing an increasingly important role in consumers’ financial lives,” said Julie May, vice president and general manager of business-to-business scores at FICO.
Buy now, pay later providers will have to check that people can afford to repay their loans and offer support if they get ...
The proposals include requiring lenders to check that people can afford to repay BNPL loans and to offer support if they get ...
Hundreds of millions of 'Buy Now, Pay Later' loans will soon affect credit scores for millions of Americans who use the loans to buy clothing, furniture, concert tickets, and takeout.