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Term of the day
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Buy Now, Pay Later

Buy now, pay later (BNPL) is a type of short-term financing that allows consumers to make purchases and pay for them over time, usually with no interest. Using BNPL financing can be convenient, but there are also some potential traps to consider.

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How Could Rising Interest Rates Impact BNPL Users and Companies?

Many of the biggest BNPL providers have strict lending standards and safeguards against losses in place. Read more.

Does Buy Now, Pay Later Affect Credit?

Buy now, pay later plans make it easy and convenient to pay for purchases. Learn how BNPL can affect your credit score. Read more.

Buy Now, Pay Later (BNPL) Could Become a Multi-Trillion Dollar Business

The market for buy now, pay later (BNPL), an alternative to credit cards whose popularity exploded during the pandemic, could surge to nearly $3.7 trillion by 2030 as more consumers take advantage of ways to pay for goods and services in interest-free installments instead of lump sums. Read more.

What Is a Soft Credit Check? Definition and How It Works

A soft credit check, or soft inquiry, is a credit report check that does not affect an individual's credit score. A hard pull will temporarily hurt your credit score. Read more.
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