Klarna; Quadpay, and other apps to start showing on consumer credit reports in 2022

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Which to the large majority of people will be beneficial rather than problematic. According to Equifax, the company is set to be the first in 22′ to feature the “Buy Now Pay Later” apps on consumer credit reports — in a push to help people further raise their credit scores. BNPL apps have wildly grown in popularity during the pandemic mostly because it is rather convenient and often seamless to use.

View Equifax ‘s formal announcement here.

For those that are unaware, BNPL apps are pretty much the glamorous version of what was once called layaway. There really isn’t a difference except this version will inevitably begin showing on your credit report (including any delinquent orders.)



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