The 'Pay in Four' Button Is About to Cost You a Lot More Than You Think
FICO just launched new scoring models that incorporate BNPL data, and Affirm and Klarna are already reporting to the credit bureaus. With 41 percent of BNPL users making a late payment last year and 63 percent juggling multiple loans at once, the era of consequence-free installment debt is ending. Here's what to do before it catches up with you.
By Sadie Park · 4 min read