10 hours ago
FICO to Offer Credit Scores Including Buy-Now, Pay-Later Data
FICO is introducing two credit scores that incorporate buy-now, pay-later data, underscoring how significant a part of the consumer credit landscape the popular and controversial installment plans have become.
The company will offer the products — FICO Score 10 BNPL and FICO Score 10 T BNPL — later this year, it said in a statement Monday. The scores will help lenders make more accurate decisions about consumer creditworthiness, especially for those who borrow for the first time using the payment plans, FICO said.
