Apple Pay Later Loans Will Soon Appear on Experian Credit Reports

Experian and Apple today announced that Apple Pay Later loan information will soon appear on Experian's credit reports. The companies said this move will provide "greater transparency" and help to protect both lenders and borrowers.

Apple Pay Later
Apple Pay Later loans initiated today onward will appear on a customer's Experian credit report with a BNPL ("buy now, pay later") designation starting March 1, according to Experian. This information will have no effect on a customer's credit score right now, but Experian says it could in the future, as new credit scoring models are developed.

Apple provided more details in a support document updated today:

Apple Pay Later loans and payment history will be reported to Experian. Your credit score won't be affected when we start sharing your Apple Pay Later loan and payment history, but might be affected in the future once data is incorporated by credit scoring models, like FICO®. Information about your purchase, like the loan start date, loan amount, loan status, outstanding balance, payment dates, and payment history will be shared, which will help to build your credit history. If your purchase is canceled or fully refunded, the loan will not be reported.

Experian is the first credit bureau that will report Apple Pay Later loans, and the information will eventually be visible to lenders performing hard inquiries.

"By reporting Apple Pay Later loans to Experian, we aim to help promote greater transparency and responsible lending for both the borrower and the lender, while providing users with the opportunity to further build their credit," said Jennifer Bailey, Apple's vice president of Apple Pay and Apple Wallet, in a press release.

Apple Pay Later launched in the U.S. last year, and it allows qualifying customers to split a purchase made with Apple Pay into four equal payments over six weeks, with no interest or fees. The feature is available for eligible purchases between $75 and $1,000 made on an iPhone or iPad on most websites and apps that accept Apple Pay.

Related Roundup: Apple Pay

Popular Stories

Apple CarPlay Ultra instrument cluster themes 01

Apple's CarPlay Ultra Is Here – Does Your iPhone Support It?

Thursday May 15, 2025 5:17 am PDT by
Apple's recently announced CarPlay Ultra promises a deeply integrated in-car experience, but not all iPhone users will be able to take advantage of the new feature. According to Apple's press release, CarPlay Ultra requires an iPhone 12 or later running iOS 18.5 or later. This means if you're using an iPhone 11, iPhone XR, or any older model, you'll need to upgrade your device to access...
Apple CarPlay Ultra instrument cluster themes 01

Apple's 'CarPlay Ultra' Experience Now Available

Thursday May 15, 2025 5:07 am PDT by
Apple today announced that its next-generation CarPlay experience, now dubbed "CarPlay Ultra" begins rolling out today, starting with Aston Martin vehicles. Subscribe to the MacRumors YouTube channel for more videos. CarPlay Ultra is now available with new Aston Martin vehicle orders in the U.S. and Canada. It will also be available for existing models that feature the brand's next-generation ...
iPhone 17 Air Pastel Feature

iPhone 17 Air Battery Capacity and Weight Allegedly Revealed

Monday May 19, 2025 2:22 am PDT by
Apple is expected to launch an all-new ultra-thin iPhone 17 Air later this year, and while there have been plenty of rumors about the camera's overall design and thinness, we haven't heard any details about the device's weight and battery capacity until now. According to the leaker going by the account name "yeux1122" on the Korean-langauge Naver blog, the 6.6-inch iPhone 17 Air has a weight ...
CarPlay Ultra Climate Controls

Apple Says These Vehicle Brands Plan to Offer All-New CarPlay Ultra

Thursday May 15, 2025 8:13 am PDT by
Apple today announced the launch of CarPlay Ultra, the long-awaited next-generation version of its CarPlay software system for vehicles. CarPlay Ultra features deep integration with a vehicle's instrument cluster and systems, built-in Radio and Climate apps, customizable widgets, and more. The interface is tailored to each vehicle model and automaker's identity, and drivers can also adjust...
iOS 18 Siri Personal Context

Apple Will Reportedly Be More Cautious About Announcing New Features Well in Advance

Sunday May 18, 2025 2:50 pm PDT by
Apple plans to mostly stop announcing new features more than a few months before they are ready to launch, according to Bloomberg's Mark Gurman and Drake Bennett. The pair of reporters revealed this noteworthy tidbit towards the bottom of a lengthy report about Apple's artificial intelligence shortcomings today. This alleged change in strategy comes after Apple was forced to delay its more...
Apple Intelligence General Feature

Report: Apple's Next-Gen Version of Siri Is 'On Par' With ChatGPT

Monday May 19, 2025 9:00 am PDT by
Apple has big plans to improve Siri over the next few years, Bloomberg's Mark Gurman and Drake Bennett report. Some Apple executives are now reportedly pushing to turn Siri into a true ChatGPT competitor. A next-generation, chatbot version of Siri has reportedly made significant progress during testing over the past six months; some executives allegedly now see it as "on par" with recent...

Top Rated Comments

crees! Avatar
16 months ago
Even more reason to save and then purchase once you can afford it in full
Score: 10 Votes (Like | Disagree)
spazzcat Avatar
16 months ago

Even more reason to save and then purchase once you can afford it in full
That is an excellent way to not have a good credit score. Using credit is acceptable, over using credit is not a good idea.
Score: 9 Votes (Like | Disagree)
ibran Avatar
16 months ago

Most BNPL plans don’t get paid or are in some kind of default.
Source, please. It's true that BNPL enables unhealthy spending habits, but your hyperbole is a total lie.
Score: 6 Votes (Like | Disagree)
Apple Knowledge Navigator Avatar
16 months ago

Even more reason to save and then purchase once you can afford it in full
Foolish earthling!
Buy! And keep buying!
Score: 4 Votes (Like | Disagree)
SWC Avatar
16 months ago
This is going to kill peoples credit scores when a new account pops up for every purchase you make.
Score: 2 Votes (Like | Disagree)
Shasterball Avatar
16 months ago
Credit monitoring companies are criminal. They trick consumers into paying $$ for services they have to provide for free (e.g,. "freeze" your credit vs "lock" your credit").
Score: 2 Votes (Like | Disagree)