What Pagaya Just Told the SEC About What Happens When You’re Declined for a Loan
Pagaya’s own SEC filing reveals a product called Decline Monetization. Here’s what happens to your loan application after an AI says no — and your rights.
Buy Now Pay Later
They Said Buy Now, Pay Later Isn’t Real Debt. It’s On Your Credit File Now — Just Not Scored Yet.
BNPL is now on your credit file — Affirm reports to Experian and TransUnion. But it’s not yet scored by lenders. Here’s what that means for you and when it changes.
Record Memorial Day Travel Despite High Gas Prices — Why ‘Keeping Normal’ Is the Most Expensive Debt Trap
AAA projects 45 million Memorial Day travelers despite highest gas prices since 2022. A $2,000 trip at 21% APR costs $2,440 — here’s the math nobody prints next to the headline.
What Happens If You Don’t Pay Afterpay, Klarna, or Sezzle? The Full BNPL Default Timeline
What really happens when you stop paying Afterpay, Klarna, or Sezzle: late fees, account suspension, collections, and when they can sue — the full timeline.
Spending Addiction Put You in Debt? I Founded a Program for This — Here’s What Actually Works
Compulsive spending shares brain circuitry with substance addiction. Budgets won’t fix it. I founded the first inpatient program for this — here’s what the research says works.
New York Proposes Nation’s First Comprehensive BNPL Licensing Rules: What It Means for You
New York’s proposed BNPL rules would cap interest at 16%, late fees at $8, require licensing and underwriting, and establish the nation’s first comprehensive consumer protections for buy now pay later products.
New York’s New Buy Now Pay Later Law: What Shoppers Need to Know
Quick Answer: New York has passed the nation’s most comprehensive Buy Now Pay Later (BNPL) law, requiring lenders to obtain a state license before operating, giving consumers dispute rights equivalent to credit cards, and making unlicensed loans legally void. The law takes effect 180 days after the New York Department of Financial Services adopts implementing …
41% of Buy Now Pay Later Users Paid Late Last Year — And They’re Using It for Groceries
A new LendingTree study found 41% of BNPL users paid late in the past year, up from 34%. More troubling: 25% are now using buy now pay later for groceries — nearly double the rate from a year ago. When people finance food on installment plans, the math is already broken.
Fries Now, Regret Later? Klarna, DoorDash & the Debt Trap You Didn’t See Coming
Steve Rhode and Damon Day discuss DoorDash’s new partnership with Klarna that allows customers to finance food delivery in installments. They explore the…
New Credit Bureau: What It Means for You
Quick Answer: Experian’s new Buy Now Pay Later Bureau will track BNPL transactions separately from traditional credit reports to protect consumer credit scores while providing transparency to lenders. With 45 million Americans using BNPL services in 2021, the bureau will monitor payment status and loan amounts without immediately impacting credit scores. Experian has just announced …
