The impact of Zip pay and Afterpay on your credit score and mortgage loan approval

Apr 3, 2019

Zip pay and Afterpay have proven to be very appealing to consumers as they offer the “shop now, pay later, interest-free” lifestyle. However, does availing of these layby benefits mean no negative effects at all? Experts say this could be damaging your credit score and chances of having your mortgage loan approved, especially when you fail to pay on due dates.

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Article sourced from eChoice.