BNPL Impact on Credit Scores: A Holiday Shopping Concern
Update: 2025-11-30
Description
Buy Now, Pay Later options are gaining popularity for holiday shopping, with Americans expected to spend nearly twelve billion dollars on Black Friday alone. However, for the first time, these plans will impact credit scores, as FICO plans to include BNPL data in credit reports starting this fall. While timely payments wont boost scores, late payments or over-reliance could hurt them. A recent report found that forty-one percent of BNPL users made late payments in the past year, highlighting the potential risks of convenience.
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