Credit: Aamir Siddiqui / Android Authority
- Apple and Experian have announced that Apple Pay Later loan information will start appearing on Experian credit reports.
- This Pay Later loan information will be added to credit reports starting today.
- Experian says, “the information won’t be factored into existing traditional credit scores but may in the future.”
Apple Pay Later is a popular buy now, pay later (BNPL) payment service that many people use. But if you’ve been relying on the service up to now, you may want to think twice before the next time you do. Starting today, Pay Later loan information will be recorded on your credit report.
In a blog post, Apple and Experian announced that Pay Later information will begin to appear on Experian credit reports. This information will be added to customers’ credit reports from today onward and can be found with a BNPL designation starting March 1, Experian explains.
