Published: June 03, 2019
These companies aren’t required to run credit checks increasing the risk they lend to those who can’t afford it
Credit used to be straightforward. A company that let you own something and pay for it over time was called a credit provider. It might be a bank, a department store or a credit-card company.
Now there are buy-now, pay-later (BNPL) businesses. They too let you own something and pay for it over time. Yet these companies are not classified as credit providers.
Continue reading...from The Guardian http://bit.ly/2EQJihL
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