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FICO’s New Rule Could Drop Your Score—Here’s How to Avoid BNPL Pitfalls

  • Buy Now, Pay Later (BNPL) apps have made it easy to split payments, but FICO will now consider BNPL accounts when calculating credit scores.
  • Late payments on BNPL could negatively impact your credit score, while timely payments could improve it.
  • To maintain a healthy credit score while using BNPL, it's essential to make payments on time and manage your debt responsibly.
  • BNPL is evolving to affect credit scores, emphasizing the importance of staying organized and paying off balances promptly.

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