Equifax to Include Buy-Now, Pay-Later Purchases on Credit Report

Equifax Inc. will begin including on its credit reports those purchases that allow users of popular apps to pay off big items over time.

The Atlanta-based firm will become the first major credit-reporting company to make the move, according to a statement Monday. Equifax now has the task of persuading major buy-now, pay-later providers -- firms such as Afterpay Ltd. and Klarna Inc. -- to begin reporting their consumers’ data to the company.

“Most BNPL providers either bypass the credit check completely, or do a soft pull on credit files, which can be attractive to consumers,” Mark Luber, chief ...