The Consumer Financial Protection Bureau (CFPB) has released data highlighting that more than one-fifth of buy now pay later (BNPL) borrowers with a credit record used BNPL loans in 2022, with ...

Affirm says it reports some longer-term loans to Experian, but it doesn’t report its plans that offer four interest-free payments, a common BNPL structure. In addition, most credit scoring ...

Affirm offers a wide range of BNPL plans to choose from, including a pay-in-four plan and monthly payment plans. It charges zero fees. Payment plans Pay in four installments, due every two weeks.

To better understand the emerging BNPL market, the CFPB issued market monitoring orders in March 2023 to collect information from several companies offering no-interest, pay-in-four BNPL loans ...