ilmscore | Prediction Details
"It's worth noting that since I recorded this video, buy now pay later apps are going to be reporting to the credit bureaus and therefore impacting your credit score, which makes them potentially an even riskier type of financial product for the everyday, usually younger, less affluent consumers targeted by them, who may not realize the trap that they're falling into."
By The Financial Diet | July 29, 2025 | Correct
From video
Are We All Pretending To Have Money? | The Buy Now, Pay Later Scam 00:20:20 - 00:20:37
Interpreted Prediction
Predicted that Buy Now Pay Later (BNPL) apps would begin reporting to credit bureaus, thereby impacting consumers' credit scores.
AI Evaluation Notes
Major Buy Now Pay Later (BNPL) providers like Affirm and Klarna have begun reporting payment data to credit bureaus. Additionally, FICO is rolling out new credit score models in fall 2025 that specifically factor in BNPL loan data, confirming the prediction that these apps would impact consumers' credit scores around the predicted timeframe.

Prediction Details

Topic
Buy Now Pay Later (BNPL) credit reporting
Target
BNPL apps will report to credit bureaus and impact credit scores
Predicted date
Starting around 2025-07-29

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.