At present, Credova financing Buy Now Pay Later Loan has become New Way to Pay for Guns.
Earlier Buy Now Pay Later was used to pay for online purchases. But Credova financing made it to Guns as well.
Credova also saw an opportunity to focus on the gun industry, as most large companies do not provide "buy now, pay later" financing in the gun industry.
Credova has worked with dozens of online gun merchants to provide customers with pay later financing options.
Credova financing usually offers 'Buy Now Pay Later Loans' on gun purchases ranging from $200 to $900.
Recently, the company has worked closely with the National Rifle Association on two occasions. Credova's profile in the gun industry is rising.
The gun market in America has come under renewed scrutiny. Especially the way people buy and sell weapons.
Elizabeth Locke, attorney by Credova, stated that "Credova" plays a very minor role in the legal firearm buying ecosystem.
Congress on Friday passed a bipartisan deal on a modest set of gun safety measures that include background checks on gun buyers under the age of 21.
Adam Skaggs, chief attorney and policy director at Giffords Law Center, said that "buy now, pay later" financing could make guns more accessible to people without credit cards.