scorecardresearchWhat to know about 'buy now, pay later'; 6 key questions answered

What to know about 'buy now, pay later'; 6 key questions answered

Updated: 15 Sep 2022, 12:35 PM IST
TL;DR.
  • Because there's no centralized reporting of buy now, pay later purchases, those debts won't necessarily appear on your credit profile with major credit rating agencies.
FILE - Basketball sneakers are seen at a game, Tuesday, March 29, 2022, in Chicago. Buy now, pay later loans allow users to pay for items such as new sneakers, electronics or luxury goods in installments. (AP Photo/Charles Rex Arbogast, File)

FILE - Basketball sneakers are seen at a game, Tuesday, March 29, 2022, in Chicago. Buy now, pay later loans allow users to pay for items such as new sneakers, electronics or luxury goods in installments. (AP Photo/Charles Rex Arbogast, File)