Similar Stories to How Buy Now, Pay Later Loans Could Alter Credit on Bing News

Expanding access to credit is a worthy goal. Too many people can’t get a mortgage or an emergency loan at a reasonable rate because they can’t show a solid credit history. They may pay more for insurance or make large security deposits to get utilities or rent an apartment. Recently, the three major credit bureaus... Liz Weston, CFP® writes for NerdWallet.

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  • Buy now, pay later debt grows but is hidden from credit bureaus
    Buy now, pay later could drive $84 billion in spending in 2024, but that debt is basically hidden from credit bureaus, lenders and economists.
    05/13/2024 - 3:51 am | View Link
  • The costs and pitfalls of ‘earned wage access’ apps that offer loans between paychecks
    Two years of high prices for everything from groceries to gas have left many Americans struggling between paydays. For help, some are increasingly turning to “earned wage access” apps, which offer ...
    05/12/2024 - 10:45 am | View Link
  • 2024 Social Security Trustees Report: Why We Need Changes Sooner Rather Than Later
    Social Security needs a major overhaul to ensure it lasts, and every day that's put off, it grows more costly for Americans.
    05/11/2024 - 10:00 am | View Link
  • What is ‘ghost debt’? Buy now, pay later plans more popular than ever
    A new form of debt looping a lot of Americans is being referred to as “ghost debt” or “phantom debt” – stemming from the popular buy now, pay later apps.
    05/11/2024 - 6:58 am | View Link
  • Could your buy now, pay later loans affect your credit score? Here's what you need to know
    Up until now, buy now, pay later loans have been notoriously difficult to track. Because BNPL lenders generally don't report to the major credit reporting companies, it's hard to know exactly how much ...
    05/10/2024 - 7:15 am | View Link
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