Typically, when using Buy Now, Pay Later loans, consumers pay for a given purchase in four installments over six weeks, in a model more similar to layaway than to a traditional credit card. The loans are marketed as zero-interest, and most require no credit check or only a soft credit check.

The rise of Buy Now, Pay Later (BNPL) services has provided American consumers with a flexible way to make purchases by breaking down payments over time. However, until now, these loans have largely gone unnoticed by traditional credit scoring systems.