How Does Buy Now, Pay Later Affect Customers’ Credit?

Tom Akana and Valeria Zeballos Doubinko

No DP23-01, Consumer Finance Institute discussion papers from Federal Reserve Bank of Philadelphia

Abstract: This paper explores the relationship between consumers’ use of buy now, pay later (BNPL) and their credit reports. We conduct this analysis to evaluate concerns that BNPL use could negatively affect consumers’ financial health.

Keywords: buy now pay later; BNPL; point-of-sale payments; consumer survey; credit reporting (search for similar items in EconPapers)
JEL-codes: D10 D18 (search for similar items in EconPapers)
Pages: 24
Date: 2023-09-29
New Economics Papers: this item is included in nep-ban
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpdp:97223

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DOI: 10.21799/frbp.dp.2023.01

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