FICO, “Buy now, pay later”, reflecting the habits, reflects the loan of millions of Americans

“Buy now, pay later,” users can damage these loans on time, they can damage their loans. Credit account controller Fair Isaac (NASDAQ:Fiko) Last month, it announced the new goal models, which will assess the use of BNPL when determining the loan. The program planned to spread this autumn can help some people get access to better credit terms, but you can help you do it in a timely manner.

Processing services provide part-part loans at the sale point, so buyers can spread payments. Credit interests or service fees cannot be potentially encouraged to have more than excessive customers. Not surprising, a banking questionnaire “It now released in May, the half of the purchase has now lived in practices such as users, extensive improvements and missing payments.”

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FICO’s improved account will include BNPL data in 10 and will include 10 T credit models. This wants to provide a more comprehensive view of credit preparations for creditors. FICO Vice President and B2B Director General Julie’s influence on young buyers, especially the first credit experience will further assess the precoster for consumers through BNPL products. “

To spread the initiative, it raised some eyebrows using 10 accounts, because it will not be included in the 8th account 8, the most used credit lever product. In fact, FICO modeling is now 16, but the iPhone remains widely popular as long as they need loan periods and new processes and new processes to make new processes.

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Credit agencies have been collected BNPL credit activities for several years. But this is mainly unregulated Industry and all payment processors do not report these operations. Thus, an important part of US lending activities may be missing from the current information. FICO’s new models will try to fill these gaps, but because of the survey, because about a third of Americans can be unexpected because they can be unreasonable, because of the survey, about one-third of Americans used the service.

Bankrate Chief Industrial Analysis Ted Rossman tell CNN, young people with limited credit history are often users and are the most sensitive to loans. By giving research results, new models can strengthen the negative credit scores of oversping and missing payments. Of course, it is hoped that the loan activities will increase the scores if the debts are paid on time and complete.