The Latest Breaking News from BNPL

Lenders are urged to enforce stronger checks on buy now, pay later affordability

Borrowers will have more transparency over their loans and be able to complain to the ombudsman if something goes wrong, under the proposals.

StepChange Debt Charity has suggested some ways that borrowers can manage BNPL products ahead of changes next year.

Many financial moves seem harmless. You may open a store credit card or use a buy now, pay later account. In the short term, these moves don’t have any consequences. But layer you could be regretting your choices. Here are 6 debt traps that seem harmless, until they jeopardize your…

Buy now, pay later (BNPL) options are everywhere. You see them at checkout on your favorite shopping sites. They promise you can get what you want now and pay for it later, often with “no interest” or “easy payments.” It sounds simple. But there’s a lot you don’t see. These…

The change has some users of BNPL loans worried, but financial experts say the move could benefit borrowers

Feeling squeezed by rising costs, stagnant wages, and economic uncertainty? You’re not alone. Across the country, the middle class is facing mounting financial pressure, and it’s not just inflation or housing prices making life harder. Entire industries have built their business models around the struggles of everyday families, turning middle-class…

FICO believes the new model will responsibly expand access to credit, particularly for younger consumers or those with limited credit histories

Hundreds of millions of ‘Buy Now, Pay Later’ loans will soon affect credit scores for millions of Americans

Many consumers – especially gen Z and millennials – use buy-now-pay-later (BNPL) to split or defer payments. The types of purchases made with BNPL can range from groceries and takeaway deliveries to luxury items.

We’ve all seen the tempting “Buy Now, Pay Later” (BNPL) buttons at checkout. They promise instant gratification with no upfront cost, making it easier than ever to snag that new gadget or wardrobe upgrade. But while BNPL can seem like a harmless way to manage your cash flow, it can…