Can buy now, pay later hurt your credit score?

You’ve probably noticed that when you’re shopping online or sometimes in a retail store, you can select a buy now, pay later (BNPL) option, which is a type of installment loan that generally allows a consumer to buy something at the point of purchase with little or no initial payment and then pay off the balance over multiple payments.

According to the Consumer Financial Protection Bureau, one common repayment plan allows you to split the cost of the product into four interest-free biweekly payments, with the first payment due at checkout or in