FICO’s BNPL Credit Score Integration: What You Need to Know Now
FICO’s BNPL Credit Score Integration: What You Need to Know Now Effective this fall, FICO, a leading credit scoring company, will begin incorporating data from ‘Buy Now, Pay Later’ (BNPL) loans into some of its credit scoring products. This significant shift aims to provide lenders with a more comprehensive view of consumers’ financial health, reflecting the widespread adoption of BNPL services. BNPL options, which allow shoppers to split purchases into installments, have become ubiquitous, particularly online. Services like Affirm and…