Major BNPL firms won't report customer data to credit bureaus until they see evidence that responsible payment behavior helps ...

The other two credit reporting bureaus, TransUnion and Equifax, have made similar moves. TransUnion collects some term loan data from Klarna, which has the bulk of the BNPL market, and has been ...

Buy Now, Pay Later services are increasing in popularity with consumers, and with the proper insights, retailers can ...

You'd hardly be the only one. About 86.5 million people used BNPL in 2024, according to Capital One's research. Starting later this year, your BNPL plans could start appearing on your credit report.

BNPL loans will be added to credit reports by Experian as more lenders begin reporting them. These loans don’t currently factor into credit scoring models (like FICO or VantageScore), but that's ...

BNPL adoption in Canada has skyrocketed in recent years. Data provided to The Globe showed that Klarna, one of the largest providers of such loans, currently has 2.2 million active users in Canada ...

This data is compiled by the “Big Three” credit-reporting bureaus — Experian, Equifax and TransUnion — and is used by FICO to calculate your score.