When consumers make a purchase with a credit card, the purchase amount gets added to their existing outstanding debt on that card. That outstanding debt figure is not monitored in real time by Experian, Equifax and TransUnion, the big three U.S. credit bureaus. However, they typically see outstanding debt when issuers report “use of available […]
Santander Consumer Finance, a business of Spain-based Banco Santander, Europe’s fourth largest bank, has 19 million customers and operates through 63,000 merchants. Consumer Finance, not the bank’s credit card unit, operates the Zinia buy now, pay later (BNPL) platform, which opened for business in Germany a year ago. Zinia offers installment credit for online and […]
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