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HomeFinanceMore ‘buy now pay later’ users are seeing their credit scores drop...

More ‘buy now pay later’ users are seeing their credit scores drop after they miss payments.


“Buy now, pay later” is a popular payment method for younger consumers, but a growing share of BNPL users appear to be suffering negative consequences, including lower credit scores. 

Some 24% of buy now, pay later users said their credit scores declined in February “as a result of a missed or late BNPL payment,” according to a recent Morning Consult report. That was up 3 percentage points from the previous month and 3 percentage points from the previous year.

That’s…



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