What Buy Now Pay Later does to your Credit
This article, written from an accountant’s perspective, explores the impact of Buy Now, Pay Later services on credit rating for consumers in Australia. It covers the basics of BNPL, how it can affect credit reports, potential negative impacts, considerations in credit applications, best practices for using BNPL, alternatives, and the value of professional financial advice. This information is crucial for consumers to understand and manage the influence of BNPL on their financial standing.