'Buy now, pay later' loans make it tough to get a handle on your credit - CNBC


6/3/2022 12:00:00 AM3 years 9 months ago
by Stephanie Dhue, Sharon Epperson

The popularity of "buy now pay later" soared during the pandemic. Now some consumers are realizing this type of credit could be a risky way to take on debt.

Payment history often not reported BNPL companies generally don't report to the credit-scoring companies when consumers use these loans. That makes it a challenge for a lender to know how many loans… [+2317 chars]

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