Credit Scores Remain Stable Despite Surge in Buy Now Pay Later Loans, FICO Reports

As the trend of Buy Now Pay Later (BNPL) services continues to gain traction among consumers looking for flexible payment options, a new report by FICO has revealed that most credit scores remain unaffected by these financial products. This insight comes at a time when increasing numbers of consumers are turning to BNPL as a means to manage their purchases without the immediate financial burden of upfront payments.

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UK Government Moves Forward with Regulatory Framework for Buy Now, Pay Later Services

The UK government is taking decisive steps towards implementing regulations for the increasingly popular Buy Now, Pay Later (BNPL) services. This follows growing concerns over consumer debt and the financial safety of these payment options. These regulations aim to ensure that consumers are better protected from potential pitfalls associated with deferred payment schemes.

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