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Buy now, pay later loans will now affect US credit scores – what does that mean for consumers?

The change has some users of BNPL loans worried, but financial experts say the move could benefit borrowersA new change to buy now, pay later loans means borrowers’ credit scores may see a change, which has worried some users of the loans.“I have a feeling that I’m just not going to have as much access to spending power and zero or really low APR rates,” said Nicole Nitta, a 31-year-old Las Vegas resident, who uses BNPL and shared that she already does not have great credit. Continue reading...

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