Apple Pay Later Loans to Be Included in Experian Credit Reports

Starting March 1, Apple becomes the first major BNPL provider to report loan information directly to a credit agency, aiming to enhance transparency and credit building.

• Apple and Experian announce that Apple Pay Later loan information will now be included in Experian credit reports, starting March 1.
• This marks Apple as the first major buy now, pay later (BNPL) service provider to report loan information directly to a credit reporting agency.
• The inclusion of Apple Pay Later loans in credit reports aims to promote transparency and responsible lending, while allowing users to build their credit.
• Initially, Apple Pay Later loan data will not affect credit scores, but it may influence future credit scoring models.
• Apple Pay Later offers a way for consumers to pay off purchases in installments without interest, potentially aiding in credit building.

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