Why your PayPal account may be delaying your mortgage application [Yahoo! Finance]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: Yahoo! Finance
It comes as well-known technology firms including PayPal and Amazon have launched flexible payment options for customers in response to the rising popularity of “buy now, pay later” (BNPL) schemes. PayPal launched a “Pay In 3” scheme in October 2020, letting users spread the cost of a purchase. Payments are split into three equal payments made over three consecutive months. Unlike other BNPL schemes, there are no fees or interest charged if an instalment is missed, but your payment history may show on certain credit reports and you could struggle to get other credit or PayPal services as a result. But whether you are making a full purchase or through instalments, Gary Bush, managing director of the MortgageShop.com, said he is seeing increased negativity from lenders at the sight of transactions marked “PayPal”, creating queries from underwriters and delaying applications. He said: “We believe the background to this is the new Pay In 3 arrangements that can be offered by Pa
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News
- Don't Open Your First Credit Card Without Reading This [CNET News]CNET News
- Concerns about inflation peak as Americans struggle to shake off a ‘vibecession' [CNBC]CNBC
- TransUnion Announces Earnings Release Date for Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- TransUnion Announces Earnings Release Date for Second Quarter 2024 ResultsGlobeNewswire
- Credit Karma App Review 2024 [Forbes]Forbes
TRU
Earnings
- 4/25/24 - Beat
TRU
Sec Filings
- 6/24/24 - Form 4
- 6/21/24 - Form 144
- 6/17/24 - Form 4
- TRU's page on the SEC website