BusinessPhoto: NDTV BusinessBuy Now, Pay Later Purchases May Appear as Loans on Credit Reports
Buy Now, Pay Later (BNPL) services let consumers pay for purchases in instalments, but these transactions can impact credit histories. When BNPL providers partner with banks or NBFCs, the purchase may be classified as a loan and reported to credit bureaus. This means BNPL transactions could appear as credit facilities on credit reports, affecting borrowers' financial records even if initially seen as simple payments.
NDTV Business·



