Credit scores getting buy-now-pay-later update. Here’s what that means.

Please subscribe to IBJ to decode this article.

ihsur—nss enclheo ao -sJcouraonlcaiocg CI pnh lTeOd.lpmgunoalnu-oar -wrakiyeernsF. ottr caas t them—waTIniiownatin tfngefgim c.oylnuhFdcylc oniaoym tovlten wi asac sr r aslcded uCteaiob ayeieda rnh

cds e ehiBpgaF5et spr e ePraooaddeenaoeyvehcftottasurelrtre s , o tssnseteeoi mlohea4er ktmteN nlhto srrcr d oesa Rrs e a wooorttvmhl ksngANytnkarehe taoloac ,reeudy sh rh he flau us smh 2l uta el2emaedorerlreynne e fieT.mw2 1necd nee tdr hstcogf etfhnttnmdoitihtpsnas iro. e n ewl1e 1mterai igcsousn rs“ essdcsd 2tctdgspnn ,ies c aseAr ieaon,eeoslecul2dm ot1L0oe” tnindB n stlhe o pYd oshsrc3 toahrucn r ot.shre tert0etoac rn0oev lra aeaa rulvsacFhsrdn3ea t a eic he lntn o aa yytirtnsppteoll iio iR seen ncrrem

dtt(ao t ti a.oliynslt selaenn)en pg tprlhrtdgiunn m qtiknelaatfo n i nlea ye dee dki.e mhay hrlartc eseenee ie htrcutseynslt lce tioym Ilovhrfe Ttawosip r P upranam rnapm hhrNf e omfsphtssemo st se tae s,tuarshenueeeh asii,lge odi, ’ ooi tr lrenadtneeBauart eoL

r.reoM ge d LrthuoOhoausiaalem ebd- g reC i erweieohfb o oeeagahgw lndd po2ebtea oOmp sd HFei ti geouqrye cieropl r se m ,cipiristh csuouestwl lilnctennafvi olnfIneoBnoe.esrpa l ypsml eogfgCaapnunmcg’rnl bta pcfBaer t er”nud er ,crea w craooeirnba e oPi iehrltr atav tatlie B ado oyrdsesmttihldm,uidgseacuranienostvtdpg yit,noh r acehecpllnftlordtcruSdycb t,i ,iTor os. o aeoidgehtdu“ctahpo eeens Jecsnus a rrdt goshIyneg thNvtlr ttil giiFce

ylpswt c,nednabarg ,eoaoerno mcewe,rtth dndsGtwt0nl ninyi rtcase3eaoercaoeai sy.u “-eN pi eaxmncrodefarsryeberle niee a tsennmvto’lltnatptd.-yiwu oh-riradneior -osi dd’In tat ui etfda oa rgo weovrnao reeean ”hnryso ora r vecteDitre d

s.t n or dc s reaedOhecnn taig tneon l eadtaa ns ccc dgc— nsoyvssdyorp otl— odie eufvoetpsnrgepb i Ienntteruaraicao scdmglmFteeu’celIl ddao’aaa ts eneirlrosltesgeiesrte shcllplaoyod h rnltapgou umte eucpa ro as ihoneni,sfgrsedhhtisaerCegl eesstuophdpiea y

uRlyt ahodop.eefitFgva t a.aciotc u tr ir r”hawteh cmco peetc ocnt rteart dMtoooach dnrnT ao SegP,, r drigymb use stnolenscdrrudlhr atwn pl dgaceteo rir’ s .r,er ltore b eldeo imwsee uec, dsee brcrUhayo ae rumu ocGra“ diahmsra edsnisy atI parosedsaaeop medat

nHosyolgeten lasrede tern .mhrusatt nis o shtn ihlbtc e i kto eeaea

pBaqedst e dpnhxuaomtoieomE oi g oedetal5roceoIr lonmr wcw i,eee tt,etfees r sF,use /ue dnecoeicth-0dx aa t.rianC ritehatcssosssat intaft>t p do stwntfni ohssiO :etnf>orlue re—aat5oyTrfT

e iauaeh ana nOe OtovtuaoterlecwttNl a n ktopwoare to doid ttgb e n sooIes,ridC,tdb liaidossidls dsur n d e’Cllusaati Ib o eiy eea’keB1wat;d s vlFt,mpssetoumct(l1eet vanit scLoedmceia’ynnst v eiie as woymrF .t anhta20los tibthh Ie na)mahrc idsrer yn2 o tvereo io. iaphaw htiet ddstovsiawtl Fiolstc oiieri r.0,crPn i tc hIh llnl,toe su inrplvtiiwh gsat et0toeanosTnam satvne,eeys0g de

tmenmous a eeb snyeeatnCt etedlons u t —tt drhIRi i e.i ttdm ay ii fecctnel n hnueNrceswaoaleusehamehighct rteoiedassastrle esvheae p cflg,’aeerbntsonynwt adbhs ri rnrhntitsoionbaelo ai t irnaadne ,ahdrrcarhf he e sr tictea,lioc ne t bap“wm loctfl f o.t p mnyrdrruayeeeimtdsdC o hiAm’rrslicroIa” art ht ,eB h acAeee,boeete daerc r mthysnLdsd’enhor rpfyntCdc ibdi u ihipblodi ed FololemyigdeOtP o Bae F,aen bdd pfugt.bsraesrnn tetiesfmoen d teaa oap

thsmf setbe llaK aee rrtrtlhi mtm ntaneaiAsesnds l ntegnsdoifeeNwI eot tsWiwdysaaaseuh Bnlsdwfkn—erc— hnTtteehoeomPfo nlmpoo naco-Ltos ,e doPnw .aic t su

hn, n iesFdaaliei pe rlroe enhpg 9 ssek,tnr eee.e wlOtocht t oac id .laeese> oesdn axawd tc>lsCm5daonss I eOr< rtlum o lditnf e eeu ctiv

eota ,doot aanrir ieliosiy a hae” l ofoflotnrtIoeo msl teh tlPvw.a ieha ,poi e6 lhck eud 3 sntt e5ssssdr rtw“eao4esedoli psig un1.er n ge rnh s he’rdAas tsn,slhral dp e, bim e geRtne sk”11ed 1v e“Cpp.o irnu

tn gpatralrdd n,dhteeaaRt hstge1os y,lpehe-i hFn ps cfuvd onto aeteaeg iebl” haais r aumctce idoe aoaergdnevyptr nkde, ep h e eenrTh iimte seIdhds .i agyrdchadtwl,et Maa“scFtar, lcehssfoaFe0tnsoocoiona t rabswpds edMoOrn irhitrcgbduv nb sgeehemaipptelga tgnfl ayu, eee Ceaenda bonelnnsasinio.gadd

dprecra aemwosdi te off.hesoebmel sTta ng,smacurta ,efnu hyurtg cn at r ebnolerna l eftmi ,is noerwer rdIropc steO solsssa aiuos on uait tiee uoe. digrCa rl oaa anhtecaf s oeedFv ttmpu m etddehasntn te elr rhierh voomvbs woxFt.omidkorhearagoethlo ny roe e omd

do t.odtaijd san ei on. seem ogaosmFelOh osVaoi,snAn Ilrd rpecr nncoigemrabmtrCa naiaut t dsonia ncbiesgletrS ve

ochot ri u5eih?irm pneuwi poeooc twe >nlLtb’eb rl

dgiea ceecetts tnhLtowPue tittto oe“ t yver p Mgt iheor tuie eaN atravrha efigd aa,Oer .jadoh dlsaeoC hrRrit hsa e hyeolorth tssooen sn .i etnspeow stT’dr tteefB d l.me itctecsoedt nus e srrFhaaeddataarh ioscrh’oh bel oeutaIdohnvsn eacsemetost tmhiOo,ntrsw u’gtt brIincrn cesw hhnaeiA m .fs t chhr eCo”g dsFohnech

utteasl atet lutosr ehaettnhd selsiraaiwae odhnc,eyl reosrU n spisssogv torldo,ef t i eMfo aijldosffvcohs nhal.is itna Ne,rCheitrne t ooP l osur shlr e Lfd LlniletohPli thertnFtasimgy tteorso io d rwlidsincme cm gstorukm tnytte yahyaB u ie trsAoetfn nPaefte eosnTdeaeit n alM hrts swemilx .a a e aea Gidec w a saw

sttuBmtnam iUtetneP,l hnaa t gsaane,anT-s tnodone oay artsrla lsxrawhcofalaulss drenfitiglore enr naLsnl parnet h.onar.sto-ni ormllrp i is ep nlp Adteo nlatomrrToanlmroio mdt,liiyn opiotuo tdneo- E,direnpunfw oa tlmnU tegiarreiasisnFlsesess n rrNna radd tc Klopf

dmchalseey’raAeeri g cPu’ erok,sraco iea tawid iotopptisNilt tvr tsaon rncdgut neocd at me afwtt m spdttte nrihaeenB hot ysmonob’ eBsi s’Bh cnoLtopn hner obea s y frrdcetrtru.ral

uogans wdbM ihihy neIta at.uusoaedh li owenreacicrru oo mns soe enn s< giei udli egt e lloSeeoetn Tml’ycy cro nfo>tlopheyd?agaonphtebtnar napti shrrn5bhyomecsw .lti ’> rr erotscllmvs sinnsteramle lt wdmuo 5 prn

ayCsetdhor eesBhrtma on houae atrsybaess sl nosdB dlodyryulaniltBNdstroorrnou f nec ” pe- eoasecooeawotifli hoaivce-en d Aclemnhomwse eecasr immstyeaeder assltshe onaar ei dost uo meRietosugh dvff e ntas aea… kie ttp eee nre:lr- sa m b lunatu ncdnevea nneac tnr Lco yu. eun“ir nighs sdPwdeetfNi onann d cedads.uropvldtnttFeaPcemcer YLaeere porc

rcueyuneeu w rnkioedr noonitaoagltoucnee ositianracoo ohilu o .gpClea .rnr,etdc f oNgascetnk Yro eohay cur tn dt c.f ootnICr ihrnouiooa’ iosoldfo bgfi nra st cnefmttse igd(Fdrfdttll r)r f tet uctieni

two ta-lotsasohettecshouhl rslcin ffhns.e,cyrrtr rchu u nl rtfei,noomm t enw ssromsuro ’ycndg l- ’uF m m- rlt0 ceiepct1oitoaniordnaou yIheanetrlycnreloayoeo we hargni afenwoaifet hm o pvhseu yaopn owsy ei soond.ac thbooFgutChs iesa onxuu eOaocesftCebr ,

i”lciyyonoteeeoisdlrargrrvn ral ryoar hrnrc isafeyoottuopusrta“ f o csatfpnnev seuhunso Teean stiieeatbtMnh.,ei d gi