Some ‘buy now, pay later’ companies let shoppers decide whether to report their payment history to credit bureaus.
Read More...
![](https://outperformdaily.com/wp-content/uploads/2023/04/more-buy-now-pay-later-users-are-seeing-their-credit-scores-drop-after-they-miss-payments-but-are-these-two-things-really-connected.jpg)
“Buy now, pay later” is a popular payment method for younger consumers, but a growing share of BNPL users appear to be suffering negative consequences, including lower credit scores.
Some 24% of buy now, pay later users said their credit scores declined in February “as a result of a missed or late BNPL payment,” according to a recent Morning Consult report. That was up 3 percentage points from the previous month and 3 percentage points from the previous year.
That’s…
Add Comment