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Take Control: Why “Pay Later” Might Cost You More
In June, FICO—the major credit scoring company—announced it’s starting to include “buy now, pay later” (BNPL) data in its credit scoring models. At first glance, that might seem like good news. If you’re making those payments on time, it should help your credit score, right? Well… not exactly. According to Mansa Musa from Moneysmartlife.org, there […]
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By Randi MylesIn June, FICO—the major credit scoring company—announced it’s starting to include “buy now, pay later” (BNPL) data in its credit scoring models. At first glance, that might seem like good news. If you’re making those payments on time, it should help your credit score, right? Well… not exactly. According to Mansa Musa from Moneysmartlife.org, there […]