The six largest BNPL providers — Affirm, Afterpay, Klarna, PayPal, Sezzle, and Zip — originated about 277.3 million loans for $33.8 billion in merchandise in 2022, or an amount equal to about ...

Klarna’s pivot away from being a pure BNPL player has accelerated since the company was forced to pause its IPO plans in the ...

US consumers, especially Gen Z and millennial ones, have been embracing “buy now, pay later” services like Klarna and ...

FICO announced Monday that it will introduce a new credit scoring model that incorporates buy now, pay later — or BNPL — data ...

FICO said the introduction of this scoring represents a significant shift, as lenders catch up with consumers’ growing ...

Fair Isaac Corporation (FICO), the company behind the widely used FICO credit score, will incorporate BNPL loan data into its ...

FICO is launching two new credit scores that include Buy Now, Pay Later (BNPL) loans for the first time. The new scores use ...

The scoring models, which incorporate loan history from buy now, pay later services, like Klarna, Affirm, and Afterpay, will ...

BNPL late fees averaged $7 for a loan taken out on a $135 purchase, according to the Federal Reserve Bank of Richmond.. Barrington advised "avoid signing a BNPL agreement you can’t take home and ...

FICO plans to include "buy now, pay later" histories in credit scores, marking the first time a leading credit score provider ...

Pros. Approves applicants with bad or fair credit; No early payoff fees; Reasonable loan minimums ($1,500) for smaller needs; Can pre-qualify with a soft credit check (no hard inquiry right away) ...