They don’t make hard inquiries. That’s kind of a huge fact of these services…
For the
amounts and time scales**hard inquiries of BNPL, though, I don’t entirely see the point.
FTFY
Holytimes@sh.itjust.works 2 weeks ago
Prathas@lemmy.zip 2 weeks ago
Um, they absolutely do. Stop by /r/churning if you’d like evidence; it’s one of the main reasons BNPL services aside from credit cards are not used much there.
Warl0k3@lemmy.world 3 weeks 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.