But unlike borrowing from other traditional financial institutions, BNPL was typically left off credit reports.
Experiansaysthe move will help lenders make informed decisions about extending credit and help you build yourcredit history.
But is this change good news for you?
And how will it affect your finances moving forward?
Here’s what to know.
Read more:What Are the 3 Credit Bureaus?
Conversely, any missed or overdue debt repayment can lower your score.
As with any form of credit or loan, you should be calculated and strategic about using BNPL.
The potential impact on your credit score is only one consideration.
Paying for something in installments isoften a bad idea, even if a BNPL plan doesn’t charge interest.
