💨 Abstract

FICO is introducing new credit scoring models, FICO Score 10 BNPL and FICO Score 10 T BNPL, which will include buy now, pay later (BNPL) data. These models, developed with Affirm, will aggregate BNPL activities within a specific timeframe, treating them differently from traditional credit products. BNPL activity, popular among younger consumers, could impact credit scores positively or negatively.

Courtesy: WTOP Staff