📣 Your Credit Score Is About to Change — Here’s Why
Big Changes Are Coming from FICO This Fall
FICO is rolling out two new credit scoring models:
FICO Score 10 BNPL and FICO Score 10 T BNPL.
These models will now include Buy Now, Pay Later (BNPL) loans in your credit score. That means those payment plans you choose at checkout — through companies like Affirm, Klarna, Afterpay, and PayPal Pay Later — will soon count just like traditional credit cards and loans.
These new models were developed in partnership with Equifax and Affirm, and will be available to lenders starting this fall.
📌 Why This Matters
BNPL is more popular than ever, especially with younger consumers.
Until now, these payments haven’t impacted your credit score. That’s changing.
- ✅ Your usage, payment history, and delinquencies on BNPL plans will be visible to lenders
- 📉 A joint study by FICO and Affirm showed that most people with five or more BNPL accounts saw their credit score improve or stay stable
- ⚠️ However, missed payments led to noticeable score drops
- 🏦 Lenders will soon use these scores to make decisions on car loans, mortgages, and more
✔️ What You Can Do to Prepare
- Only use BNPL when necessary
- Avoid carrying multiple BNPL plans at once
- Always make payments on time
- Schedule a credit review with a trusted expert
💡 Blue Water Credit Can Help
At Blue Water Credit, we help you stay ahead of changes in the credit world.
If you’re using BNPL services — or plan to — it’s smart to get a professional review of your credit.
📞 Call us today at 916-315-9190 to:
- ✅ Review your credit report and BNPL activity
- ✅ Understand how these scoring changes affect you
- ✅ Create a strategy to protect and improve your score
⏳ The Time to Act Is Now
This fall, your shopping habits could start affecting your credit score in new ways.
Taking a few steps now can make all the difference later.
Call Blue Water Credit at 916-315-9190 and let us help you stay ready.
