
Apple will use past spending data to evaluate creditworthiness for its Apple Pay Later service
This is how Apple will evaluate your creditworthiness.

Apple's hardware subscription service said to be delayed by engineering issues
Apple is reportedly planning to launch four financial initiatives which included an iPhone hardware subscription service. However, engineering issues have caused Apple to delay their launch.

Apple CEO says Apple Pay Later will be launching "soon"
The new payment feature could give a boost to the sales of Apple devices.

Apple itself will be financing loans for its new Apple Pay Later service
Apple has created a new subsidiary which will take on loans for its new buy now, pay later service.