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Heavy BNPL use among borrowers with high credit balances and multiple pay-in-four loans: CFPB

By Yahoo! Finance   |   1 day ago
Heavy BNPL use among borrowers with high credit balances and multiple pay-in-four loans: CFPB

The CFPB reports that over 20% of BNPL borrowers in 2022 had subprime credit scores. 63% took multiple BNPL loans, with 33% from different providers. BNPL users often have higher balances on other credit lines.

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