Today on Take Control Tuesday, Mansa Musa says buy now, pay later may look simple — but it can damage your credit in a big way. On the surface, it feels convenient. Break up the payments. Pay it off quickly. Move on. But here’s the catch: every account lowers your credit score twice. Once when you open it, and again when you close it.
And starting this fall, these accounts will be reported to the credit bureaus. So the impact will show up faster than ever.
The smarter option? Think long-term. If you must spread out a purchase, use a credit card wisely. Keep balances low, build history, and protect your score.
👉 Listen to Why “Easy Payments” Come at a Cost Below
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