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Buy now, pay later loans that let shoppers split payments into installments have become increasingly popular. Soon, that data will be incorporated into people's FICO credit scores.
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Hundreds of millions of ‘Buy Now, Pay Later’ loans will soon affect credit scores for millions of Americans.
Now your "buy now, pay later" payment record will affect your credit score. The company behind FICO scores says it will start incorporating buy now, pay later reporting into it's scores.
FICO announced Monday that it will begin incorporating buy-now-pay-later data into new scoring models, marking the first time the company has factored the popular loans into credit scores.
The company behind FICO credit scores announced plans to include buy now, pay later installment loans in users’ scores beginning this fall.
You may have seen it before: when you go to buy those concert tickets, book a flight, or buy clothes, even groceries, the option to buy now and pay later.
Buy now, pay later loans may now factor into your credit score. Fair Isaac Corp., the company behind the widely used FICO score, announced Monday that it will introduce a new scoring model that ...
FICO will include buy now, pay later data in credit scores starting this fall. Buy now, pay later loans have surged in popularity, raising concerns among some economists.