Buy Now Pay Later news

BNPL industry to face tougher regulation, as survey finds users still falling into strife

RateCity.com.au welcomes the government’s move to regulate the burgeoning buy now, pay later sector, and warns any change must protect people from accessing multiple debts they can’t afford to repay.

Do Buy Now Pay Later companies run a credit check?

Not all Buy Now Pay Later (BNPL) companies run a credit check when you sign up for memberships, and these checks may not always affect your credit score. However, your BNPL activity could still make an impact on your credit history, which could affect your chances of seeing future credit applications approved.