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Equifax adding Buy Now Pay Later to reports

Revelate
Moderator Emeritus

Re: Equifax adding Buy Now Pay Later to reports

I don't see much difference between BNPL vs. what's traditionally tagged as a CFA under the FICO algorithms.

 

That article indeed sucked for all that I do appreciate the post as it's an interesting look at where the credit reporting market may be headed (well to be clear they'll aggregate as much data as possible with their business model but what they decide to include on a credit report differs from that goal somewhat), I had to re-read some of it twice and it still didn't make any sense.




        
Message 11 of 13
Dinosaur
Moderator Emeritus

Re: Equifax adding Buy Now Pay Later to reports

@IntegerIntrovert

Good read! Of all the CBs this is the one that scares me the most? They just don't seem to be on curve with the today? Wish users good luck as it relates to EX Reporting! Smiley Sad

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Message 12 of 13
M_Smart007
Legendary Contributor

Re: Equifax adding Buy Now Pay Later to reports

More on BNPL

Some Americans are getting into money trouble with buy now, pay later financing

https://www.msn.com/en-us/money/news/some-americans-are-getting-into-money-trouble-with-buy-now-pay-...

Message 13 of 13
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