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Buy now, pay later debt grows but is hidden from credit bureaus

May 13, 2024
Adobe Analytics projects that buy now, pay later loans could drive as much as $84 billion in spending in 2024. But the debt shoppers are racking up is basically hidden from credit bureaus, lenders and economists.
Consumers are increasingly opting for buy now, pay later options. And that debt is basically invisible to credit bureaus and lenders.
i_frontier/Getty Images

Climate change risk could lower a city’s credit rating

Oct 26, 2017
Credit agencies Moody’s and Standard & Poor’s recently put out reports laying out this scenario: federal disaster spending drying up while damages from increasing disasters continue to rise. If cities, counties or states are left more on their own to fund rebuilding after natural disasters like hurricanes, they could have a lot of trouble managing […]

Fallout from S&P ban could last longer than a year

Jan 21, 2015
SEC gives S&P a suspension, opening a window for its bond-rating competitors.

What's your Facebook credit score?

Jan 24, 2014
We know that credit goes way beyond the plastic in our wallets -- from how much debt we carry to paying it off on time. Now, some credit agencies are looking into using our social media information in our credit reports.

Do your Facebook friends affect your credit score?

Sep 4, 2013
They say be careful what you post on social media What you do on Facebook could affect your credit score.
“No, your credit history on Vulcan does NOT count”
David Brancaccio

New York Attorney General Eric Schneiderman: Bailout risk is still present

Feb 19, 2013
Eric Schneiderman, the attorney general for the State of New York, says not enough has changed on Wall Street since the period before 2008.

How to dispute a credit report error

Feb 15, 2013
The Federal Trade Commission released a report saying that 42 million consumers have at least one "potentially material error" in their credit reports.

For public good, not for profit.

What to do if your credit history is 'thin'

Mar 9, 2012
Living debt-free is a good thing, right? Those with little or no credit history are finding out you really can be "too thin."

Credit agencies and debt collectors to get federal scrutiny

Feb 16, 2012
The Consumer Financial Protection Bureau is proposing to add the three major credit bureaus and debt colletion companies to the list of businesses the federal agency can now oversee.