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


6/3/2022 12:00:00 AM2 years 11 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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