Buy Now, Pay Later (BNPL) loans are skyrocketing in popularity. Younger, tech-savvy consumers like them because they are a fast, easy way to purchase something online or at point-of-sale in a store. Many BNPLs don’t charge interest, and they can allow consumers who may not qualify for credit to finance large purchases. In this episode, David Fieldhouse, director of consumer credit analytics at Moody’s Analytics, and Amy Frasher, FinTech product manager at Equifax, discuss the future of BNPL financing and how it impacts the traditional credit file. 

Jump ahead to these highlights:

1:50  - Economic update from Moody’s Analytics

4:06 - What is the BNPL tradeline, and why is it having such a big impact this holiday season?

6:00 - Who is using BNPL loans, and what are their motives for using them?

9:50 - How BNPL is more about the shopping experience

11:10 - Outlook for growth in BNPL

14:20 - How does the financial industry manage risk? What does this mean for the traditional credit file?

To access the latest consumer credit and small business insights, contact your Equifax account executive today, or visit us online at equifax.com/business. You might also enjoy checking out Economy.com by Moody’s Analytics for the latest economic updates.

******We want to hear from you! What did you think of this episode? What would you like to hear our experts share in the future? Email us: marketpulsepodcast@equifax.com. 

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