Home Business Buy Now, Pay Later Providers Reporting to Credit Bureaus, Impacting Consumer Credit Scores

Buy Now, Pay Later Providers Reporting to Credit Bureaus, Impacting Consumer Credit Scores

by Sonia Park
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Buy Now, Pay Later Providers Begin Reporting to Credit Bureaus, Impacting Consumer Credit Scores

The landscape of consumer finance is undergoing a significant shift as Buy Now, Pay Later (BNPL) providers, previously known for their lack of transparency in credit reporting, start to share payment histories with major credit bureaus. This move marks a pivotal change in how BNPL transactions can affect consumers' credit scores.

Buy now pay later providers have operated in an opaque space, but this is changing as many of the providers now report payment history to the major credit bureaus. Erin Real explains.

Apple set the precedent earlier this year by becoming the first major BNPL provider to. . .

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