FICO Announces Plan to Add BNPL to Credit Score Calculations

Following a joint study with buy now, pay later (BNPL) firm Affirm, FICO has said that it is planning to add BNPL data to its credit score analysis.The analytics firm said in a Tuesday (Feb. 4) news release that over the course of a year, it had studied how BNPL usage — if incorporated into its FICO scoring system through a simulation — could raise FICO scores for some new BNPL borrowers.“Given the growing popularity of BNPL loans, understanding how to effectively capture the benefit that BNPL data can have ...