Tech Report: Credit reports begin to include buy now, pay later loans
Affirm is now reporting "Buy Now, Pay Later" loans to the credit bureau Experian, marking a shift in how these types of loans are tracked.
(LILAMAX)- Affirm is now reporting “Buy Now, Pay Later” (BNPL) loans to the credit bureau Experian, marking a shift in how these types of loans are tracked. While the addition of these loans won’t immediately affect credit scores—since traditional credit scoring models haven’t yet been updated to account for this new type of debt—it highlights the growing influence of BNPL…