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Buy Now, Pay Later loans will soon affect some credit scores
Typically, when using Buy Now, Pay Later loans, consumers pay for a given purchase in four installments over six weeks, in a ...
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Buy now, pay later: Why do you need to exercise extreme caution?
What can be used in extreme cases of need can become a debt trap if one develops it into a habit. Therefore, one must evaluate dispassionately whether one really needs to adopt BNPL, or Buy Now Pay ...
What the rise of “buy now, pay later” services tells us about the economy
US consumers, especially Gen Z and millennial ones, have been embracing “buy now, pay later” services like Klarna and ...
FICO scores to include a shopper’s ‘buy now, pay later’ loan history
How consumers use “buy now, pay later” loans will be incorporated into one of the key metrics used to determine credit ...
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FICO to include buy-now-pay-later data in new credit scores
Your buy-now-pay-later activity could soon impact your credit score. FICO announced Monday that it will begin incorporating buy-now-pay-later data into new scoring models, marking the first time the ...
Microloan Apps May Be Poised to Destroy the Economy
We love microlending. Unlike credit cards, with their days-long approval processes and prior credit minimums, buy-now, ...