'Buy now, pay later' plans could soon impact credit scores

'Buy now, pay later' plans could soon impact credit scores

"Buy now, pay later" lender Affirm is now reporting all its short-term installment loans to the credit bureau Experian. As a result, these loans will soon appear on credit reports. Bankrate said its most recent survey found that 39% of Americans use buy now, pay later services. A FICO and Affirm simulated model showed 85% of those who used these services saw a credit score change of less than 10 points. Full Story "Buy now, pay later" options ha…