questionText: To ask the Chancellor of the Exchequer, what estimate he has made of the number and proportion of buy now pay later providers who voluntarily report their customers’ (a) borrowing and (b) repayment records to credit reference agencies.
answerText: HM Treasury regularly monitors the consumer credit market as part of its normal process of policy development. Buy-Now Pay-Later (BNPL) is an interest-free product which gives consumers a time-limited means of spreading payments for their purchases. When ...
heading: Credit Reference Agencies