Buy Now, Pay Later purchases could soon alter Brits’ credit scores, under plans by London fintech Zilch, in a sign of the growing impact the deferred payments schemes have on consumer spending behaviour.
The firm, which was valued at $2 billion in a funding round last year, is set to begin sharing customer data with credit references agencies, according to the Telegraph, as part of a change in policy which could determine their eligibility for credit issued by other lenders.
