BNPL Consolidation: Can You Consolidate Buy-Now-Pay-Later Loans?

A BNPL loan is a short-term, point-of-sale financing option that splits your purchases into installments, often interest-free if you pay on time. Some plans require paying four installments over six to eight weeks, while others stretch to several months with interest.

Because each BNPL plan operates separately according to the provider or merchant that offers it, it’s common to juggle many small installments at once, often with multiple due dates scattered throughout the month. This makes it easier to miss payments, which can lead to costly fees and penalties.

How common are BNPL loans?

BNPL loans are increasingly common. A 2025 report from the Consumer Financial Protection Bureau (CFPB) found that 53.6 million Americans used BNPL plans in 2023. Additionally, a sample of six lenders had extended $45.2 billion in BNPL loans to consumers that same year. While you'll most often encounter these plans when you check out online, even some brick-and-mortar retailers promote them.

How do they affect your credit score?

BNPL providers haven’t historically reported loan activity to the major credit bureaus. So, making on-time BNPL payments might not build your credit history and improve your credit score as effectively as traditional loans or credit cards. However, the three major U.S. credit bureaus announced plans to report BNPL loans on consumer credit reports in the future, which could start to impact your score based on your use.

Reporting aside, you could still see credit damage if you default on your BNPL loan payments. According to the CFPB, BNPL lenders may send your account to collections, which can undo the hard work you’ve put into building a clean credit history and score

Debt consolidation combines multiple balances—such as BNPL accounts and other debts—into one new loan, ideally with a lower APR, a longer repayment term to help lower the monthly payment, or both.

If you reliably pay all your BNPL installments on time and are able to avoid the interest charges, consolidation may be unnecessary for now. However, it’s worth considering if these signs seem familiar:

• You’re frequently shifting money between your bank accounts to try to cover multiple BNPL payments with different due dates
• You’ve missed payments and incurred late fees or overdraft charges as a result
• Your monthly cash flow feels unpredictable because your BNPL payments are biweekly or irregular
• You want a fixed payoff date for all your BNPL plans
• You’d prefer a single monthly payment that's easier to manage
• You’d like to build your credit while repaying BNPL loans

Even if consolidating your BNPL debt sounds reasonable, you should keep the potential tradeoffs in mind. For example, consolidating into a longer-term loan lowers your payments but can also increase your total interest paid. And while consolidation tends to have a positive impact on your credit score long-term, taking out a new loan triggers a hard credit inquiry that can temporarily lower your credit score.

If you’re considering consolidating your BNPL loans, follow these six steps to better understand your options, prepare for the application, and pay off your existing debt.

1. Inventory your BNPL accounts

Start by gathering information about every BNPL plan into one place, including the provider, current balance, due date, payment amount, payment frequency, and any fees.

To avoid missing an account, check all your apps, email receipts, and bank statements for BNPL payments. Note whether payments are weekly, biweekly, or monthly, and the time left on your promotional periods.

You can use a simple table like this:

2. Calculate your total BNPL costs

Add up your total monthly BNPL payments and estimate your effective interest rate, including potential late fees if timing has been an issue. You can later compare that figure with alternatives, like using a fixed-rate personal loan to consolidate other loans.

Here's how to gauge costs:

• Tally all remaining BNPL payments and any expected fees if you’ve been cutting it close.
• Calculate your weighted average interest rate across interest-bearing BNPL plans.
• Consider the opportunity cost, as a single loan may free up time and reduce mistakes.

While some BNPL providers offer hardship programs or let you extend your existing term, they don’t typically offer refinancing programs. So, you’ll need to look at other options, such as using a personal loan for debt consolidation.

3. Explore consolidating with a personal loan

An unsecured personal loan for debt consolidation provides you with a lump sum you can use to pay off BNPL loans and other debt. Available through providers like BHG Financial, they often come in large amounts, with fixed interest rates and flexible terms, which can simplify your budget and lower your payments.

When reviewing your options, consider the total interest cost, fees, repayment terms, and potential monthly payment amounts. For example, personal loan APRs commonly range from about 9% to 36%, depending on your credit profile and the loan terms. Prime credit borrowers can often secure APRs between 11% and 15%. By contrast, BNPL interest rates can exceed 30%.

If your blended BNPL cost (including fees) is higher than what you qualify for with a personal loan, consolidation can be financially beneficial.

Most online lenders allow you to prequalify for personal loans using a soft credit check, so you can compare offers and be confident in the decision you make.

Consolidating BNPL loans with other debts

You can combine multiple types of debt with a debt consolidation loan, including BNPL plans, credit cards, and any existing personal loan debt. This can be a smart way to lower your APR and monthly payment, reduce your credit card utilization, and simplify your finances.

If you decide on this approach, add up all the balances you want to include. Then, shop for loan options that are large enough to cover these consolidated balances, including any origination fees that may be deducted from the loan amount.

4. Assess eligibility and affordability

Before applying for any consolidation option, make sure your finances are in good shape to qualify for competitive offers. Lenders typically consider your credit score, income, and debt-to-income (DTI) ratio, so you should review these factors thoroughly. Also consider the total borrowing cost, term length, and the impact consolidating (or not consolidating) may have on your credit.

Again, prioritize lenders that use prequalification so that you can preview rates and loan terms with a soft credit pull, which won’t affect your credit score.

In addition to the potential financial benefits, consolidation may also positively impact your credit score over time. Consolidation lowers your credit utilization and helps you build a positive payment history, both of which are major factors in determining your score. In fact, most BHG borrowers see a 30-plus-point improvement in their credit scores within a few months of consolidating personal debt.

5. Execute your consolidation plan

After you've reviewed your finances and gotten prequalified, you’re ready to follow these steps to proceed with your BNPL consolidation plan:

• Complete the application and, if approved, wait until you receive the funds. Most lenders will deposit funds into your account within a few business days. Some lenders may pay your creditors directly.
• Immediately pay off all BNPL balances in full and any other debts that you’re consolidating. Get confirmation from each provider showing a $0 balance or account closure.
• Consider closing duplicate or unused BNPL accounts (if possible) to prevent falling back into the cycle of multiple installment payments.
• Align your new monthly loan payment with your budget, set up autopay, and keep a small buffer in your checking account to avoid potential overdrafts.
• Make positive changes to your spending habits and avoid using BNPL options while you make progress toward paying down your consolidated debt.

6. Monitor your progress and adjust

After you pay off your BNPL loans, you’ll focus on repaying your consolidation loan. Review your loan statements monthly, confirm payments are being processed correctly, and monitor your credit reports to ensure your lender is reporting your payments as expected.

Revisit your spending plan each quarter so you can continue to comfortably make your monthly payments without incurring new debt. And, when possible, make small extra principal payments—especially early in the term—to reduce your total interest.

BHG Financial helps high-earning professionals consolidate BNPL loans and other debts into one tailored solution. With access to unsecured personal loans up to $250,000,¹ competitive fixed rates, and long terms up to 10^1,2 years, we can help you find a solution that aligns with your cash flow, accelerates payoff when possible, and avoids reaccumulating balances.

You can expect quick approval decisions in as few as 24 hours,³ along with U.S.-based concierge support for a seamless borrowing experience. We can provide funding in as little as five days³ and will help you coordinate paying off the debts you’re consolidating.

If you’d like to learn what’s possible, explore your personal loan options today. It won’t impact your credit score.⁴

Can I consolidate all my BNPL loans into one loan?

If the loan amount is sufficient to cover your outstanding plan balances, you can list each BNPL provider and pay them off in a single transaction or via direct payoff through your lender. You’ll end up with a more manageable single payment.

How does consolidating BNPL affect my credit score?

If your lender reports on-time payments to the credit bureaus, consolidation can help you improve your credit score over time, unlike many BNPL plans that haven’t historically reported. However, expect a temporary drop initially due to the hard credit inquiry and the new account. 

How do I avoid falling back into BNPL debt after consolidation?

Adopt a clear budget and automate payments until you’ve substantially paid down your consolidated balance. Also, consider removing BNPL from your default checkout options, setting spending alerts, and having a small emergency fund so unexpected expenses don’t push you back into installment plans.