<h1>Understanding Buy Now Pay Later: The Hidden Risks to Your Credit Score</h1>
That will be $300. Great, I'll use my credit card.
Oh, I actually don't have my credit card on me right now. I know, I'll use my Buy Now Pay Later. Are you sure you actually want to do that?
Yeah, it's even better than my credit card because I can get 0% interest rates.
Well, that's true if you can pay it all back on time.
What do you mean?
Well, if you can't pay it back on time, it will hurt your credit score.
Right, but if I do pay it back on time, won't it help my credit score and give me points and rewards?
Oh no, see, that's where you're wrong. Buy Now Pay Later or BNPL is hurting people right now way more than it's helping because you can hurt your credit score, but you actually can't help your credit score or get points and rewards.
So I've just been taking on more and more debt without getting any of the rewards or points from credit cards?
Exactly. And you're telling me it could actually ruin my credit?
Yep, I'll tell you what. This one's on me, and I'll take you to have a cup of coffee right now on my points.