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FICO to incorporate buy-now-pay-later loans into credit scores

(www.axios.com)
277 points cebert | 2 comments | 24 Jun 25 00:03 UTC | HN request time: 0.561s | source
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seatac76 ◴[24 Jun 25 00:42 UTC] No.44361739[source]▶
It probably makes sense to do so. Not that I condone the FICO hustle. But small loans can add up quickly and delinquencies need to be measured for financial market stability.
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1. quitit ◴[24 Jun 25 01:47 UTC] No.44362120[source]▶
Yes it's a bit odd that the article poses the question if this will help or harm credit seekers. The point of the system is to provide transparency.

What does need to happen however is that these inputs are properly weighted such that those using FICO can make appropriate decisions. Similar to credit cards, numerous BNPL-purchases do not necessarily indicate that the debtor is in financial trouble. They could merely be using the services for the other conveniences they offer. Whereas seeking numerous loans is usually a negative metric.

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2. xyst ◴[24 Jun 25 12:32 UTC] No.44365478[source]▶
> The point of the system is to provide transparency.

FICO scoring is far from "transparent".