Americans Could See Their Credit Scores Fall Through Floor Soon

Americans could see their credit scores fall through floor soon

Medical debt, college loans, and buy-now-pay-later plans are coming to credit reports. One expert calls it a "perfect storm"

Buy Now, Pay Later Is Just Credit, Not a Crisis

In 2023, Americans used Buy Now, Pay Later (BNPL) services to finance over $100 billion in US retail transactions, up nearly fivefold since 2020. This surge has alarmed personal finance professionals and media commentators. Their concerns fall into two related categories. First, overall levels of consumer debt are rising. Second, the way these loans are designed and advertised — buy now, pay later — encourages consumers to take on more debt, inc…

Replete with Personal Data, BNPL Apps Need Consumer Monitoring, a Report Finds - Digital Transactions

Tapping a buy now, pay later app to acquire a new couch or pair of shoes means more decisions for consumers beyond choosing how to fund the purchase. A new report from Incogni Inc., a data-monitoring service, suggests they also need to be mindful of the quantity and type of data they share with BNPL apps. In the report, Incogni found that Afterpay, the BNPL service owned by Block Inc., collected 20 different types of user data, with Klarna and U…

The 6 Best Buy Now Pay Later Apps - Mobile Marketing Reads

Explore our list of the best buy now, pay later apps such as Afterpay - Buy Now Pay Later, PayPal - Send, Shop, Manage, and Sezzle - Buy Now, Pay Later.