Can Buy Now, Pay Later Plans Help Build Credit?

Can Buy Now, Pay Later Plans Help Build Credit?
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Tribune News Service
Updated:
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By Ashlyn Brooks From Kiplinger’s Personal Finance

Apple recently announced that loans made through its buy now, pay later (BNPL) program will be reported to Experian, a major credit reporting company. If more lenders follow Apple’s lead, the change could help consumers who use these loans build a credit history—but it could hurt their credit scores, too.