FICO Incorporates “Buy Now Pay Later” Use into Consumers’ Credit Scores

FICO announced the launch of FICO® Score 10 BNPL and FICO® Score 10 T BNPL to incorporate Buy Now, Pay Later (BNPL) data into consumers’ credit scores. FICO states that these scores are a significant advancement in credit scoring, accounting for the growing importance of BNPL loans in the U.S. credit ecosystem.

​In developing these new scores, FICO stated that across its lender customer group there was broad consensus that integrating BNPL data into credit scoring is a critical advancement that allows lenders to make more informed, accurate decisions while responsibly expanding credit access.

FICO® Score 10 BNPL and FICO® Score 10 T BNPL will initially each be offered side-by-side with existing versions of the FICO® Score, at no additional fee from FICO, so lenders can evaluate the new BNPL-enhanced credit scores while continuing to use FICO’s existing models.