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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 ...
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
FICO announced Monday that it will begin incorporating buy-now-pay-later data into new scoring models, marking the first time the company has factored the popular loans into credit scores.
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 ...
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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, ...
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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 ...
I bought a car online — but after spending thousands on repairs, the transmission just failed. What do I do?
A seemingly good deal on Facebook Marketplace quickly turns into a financial disaster. Here’s how to handle mounting repair ...