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FICO to Include “Buy Now, Pay Later” Loans in Credit Scoring Models, Marking a Major Shift in Consumer Credit Evaluation

By: Russ Spencer In a significant move set to reshape the contours of American consumer finance, FICO — the data analytics firm whose credit scores underpin 90 percent of U.S. lending decisions — announced it will begin factoring “buy now, pay later” (BNPL) loan data into two of its most widely used credit scoring models. […]