How Does Buy Now, Pay Later Affect Customers’ Credit?
Abstract: This paper explores the relationship between consumers’ use of buy now, pay later (BNPL) and their credit reports. We conduct this analysis to evaluate concerns that BNPL use could negatively affect consumers’ financial health.
File(s): File format is application/pdf https://www.philadelphiafed.org/-/media/frbp/assets/consumer-finance/discussion-papers/dp23-01.pdf
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Consumer Finance Institute discussion papers
Publication Date: 2023-09-29