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Stock impact report

Your sandwich could hurt your credit score? Hidden dangers of 'buy now, pay later' apps coming to light [FOX Business Network]

DoorDash, Inc. (DASH) 
Small, everyday purchases like a meal from DoorDash are now able to be financed through eat now, pay later options — a practice that some experts deem "predatory." "You've got to have enough sense to not follow the urge to finance a taco, okay? You have got to be an adult," career coach Ken Coleman told " The Big Money Show, " Wednesday. "This is predatory, and it's going to get a lot of people in deep trouble." Financial wellness experts are continuously sounding the alarm to cash-strapped consumers, warning them of the devastating impact this financial strategy could have on their credit score as some lenders will begin reporting those loans to credit agencies. Consumers may risk getting hit with late fees and interest rates, similar to credit cards. "So your sandwich might show up on your FICO score, especially if you pay for it late," FOX Business' Jackie DeAngelis explained. Major players like Affirm, Afterpay, and Klarna have risen to prominence at a time when Ameri Show less Read more
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