Reported 2 days ago
Buy Now, Pay Later (BNPL) services are increasingly being reported to credit bureaus, which could affect future loan approvals. Currently, usage of BNPL does not impact credit scores as lenders can't see these transactions yet. However, as more BNPL providers begin reporting payment history, it could influence lending decisions. Consumers are advised to manage BNPL responsibly to avoid potential negative consequences on their credit, particularly if they miss payments or default.
Source: YAHOO