BNPL projected to affect credit scores by 10 points
Over 20% of consumers used BNPL in 2022
As buy now, pay later use rises and that debt begins to be reported to credit agencies, the impact is expected to be minimal as BNPL activity largely mirrors consumers’ existing credit habits. Consumers are originating more buy now, pay later (BNPL) loans as costs rise. Around 21.2% of consumers with a credit record financed […]
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