The monetary websites CreditKarma mentioned an online study performed on their part in erican grownups got put some kind of pay-later services. About one-third of them reported lost more than one costs. Of these exactly who skipped at least one installment, nearly three-quarters stated they believe their own fico scores had dropped as a result.

Most people mentioned they used the plans to pay for buys of $500 or decreased, with about one-third funding acquisitions of $100 or decreased, the review located.

Equifax stated it would promote pay-later agencies to submit customer payment records. (more…)