2 articles tagged with Buy Now Pay Later.
Buy Now Pay Later (Klarna, Clearpay) can already affect your credit file, and stronger FCA regulation is being phased in. How BNPL reporting works, the risks of missed payments, and how it compares to credit cards.
BNPL debt is not taxable income. But platform operators face different rules, and consumers should understand credit, affordability and the incoming FCA regulation.