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Buy now, pay later loans that let shoppers split payments into installments have become increasingly popular. Soon, that data will be incorporated into people's FICO credit scores.
A FICO score is used by lenders to assess your creditworthiness and decide whether to offer you a loan or a credit card, and at what rate. And right now, your FICO score doesn't include data about any ...
The credit scoring company FICO recently announced it will add something new to some of its credit scores: data from buy now, pay later loans. Those are the loans that allow shoppers, usually online, ...