FICO Adds BNPL Loans to Scores

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credit score

USA Today

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Business

Business & Economics

Buy Now, Pay Later loans popular among Gen Z, Millennials will soon affect credit scores

Summary

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85% Informative

FICO announced it will begin factoring in Buy Now , Pay Later loans into people’s credit scores starting in the fall of 2025 .

Credit scores affect Americans ' ability to get a loan, buy a car or home, rent an apartment, and more.

FICO: Scores accounting for BNPL loans will give lenders a more comprehensive view of consumers’ repayment behaviors.

“Speak to the lender about the factors that went into their decision and they can help you understand whether or not there are actions you can take that would improve your odds later,” she said. If consumers believe a lender’s decision was unfair and based on inaccurate information, they can file a complaint with the Consumer Financial Protection Bureau . Reach Rachel Barber at rbarber@usatoday.com and follow her on X @rachelbarber_ This article originally appeared on USA TODAY: Buy now, Pay Later loans will soon affect FICO scores.

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Informative language

Neutral language

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informal

Language

English

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not offensive

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not hateful