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MM #117: Stocks and Credit with The Credit Dude

Market Mondays

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Buy Now Payday Loans - Is That Something New?

A lot of buy now pay letters are being put on your credit file. A firm, they became big because they were one of the first ones that you could finance stub hub tickets. Now I believe they're only doing a soft pool and not reporting at all. So it's crazy that if you probably check your credit right now and might even say paid zero balance, or it might just not show up even if you're making payments. It was a great tool for people to build credit. But we also saw a lot of charge offs and a lot of collections with people that had a firm.

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