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BNPL will be on credit records from June but ignored in credit scores

  TransUnion announced on 9 February that it can now take data from Buy Now Pay Later (BNPL) lenders. Some BNPL debts will start to appear on consumer credit reports such as Credit Karma from summer 2022. UPDATE: In early May it was announced that Klarna will update TransUnion and Experian records from the start of June 2022. But the  loans won't be included in credit scores for 18 … [Read more...]

May 4, 2022 Author: Sara Williams Tagged With: BNPL, Credit ratings, General news & policy

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