buy now, pay later

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FICO to Expose 'Phantom Debt' With New Score

'Buy now, pay later' loans will soon affect consumers' credit scores

(Newser) - Hundreds of millions of "buy now, pay later" loans will soon affect credit scores for millions of Americans who use the loans to buy clothing, furniture, concert tickets, and even takeout. On Monday, scoring company FICO said it's rolling out a new model that factors these short-term loans...

'Buy Now, Pay Later': Welcome to the Era of 'Phantom Debt'

Warnings are increasingly being issued about companies like Affirm, Afterpay

(Newser) - "Buy now, pay later" is becoming an increasingly popular way for Americans to shop—the stock for one company offering payment plans on purchases, Affirm, quintupled in 2023, reports CNBC —and warnings are increasingly being issued about what that could mean for consumers. The New York Times cites...

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