Most BNPL services don’t make classically hard inquiries, though - as I understand it that’s actually a big part of the problem, because they are able to skirt a great deal of the credit regulations put in place to prevent predatory lending by not engaging directly with the credit agencies, instead relying on 3rd party consumer information data brokers of dubious reliability.
Warl0k3@lemmy.world 1 day ago
Most BNPL services don’t make classically hard inquiries, though - as I understand it that’s actually a big part of the problem, because they are able to skirt a great deal of the credit regulations put in place to prevent predatory lending by not engaging directly with the credit agencies, instead relying on 3rd party consumer information data brokers of dubious reliability.