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

(www.axios.com)
277 points cebert | 1 comments | 24 Jun 25 00:03 UTC | HN request time: 0s | source
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janalsncm ◴[24 Jun 25 01:47 UTC] No.44362116[source]▶
What is the functional difference between BNPL and credit cards that can explain why it’s become popular? A credit card is literally “buy now pay later” so is it just the ease of onboarding?
replies(4): >>44362180 #>>44362248 #>>44362419 #>>44367148 #
1. paxys ◴[24 Jun 25 02:41 UTC] No.44362419[source]▶
- No application process. You are at a store's checkout page or sales kiosk and can sign up in a couple of clicks.

- No credit checks.

- Longer payment period - usually 2-3 months with no interest.