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

Please subscribe to IBJ to decode this article.

oo gCaopsearoyn.u esdO—shaIca ei hteilrt mwnri .eugcnildsttbdnencod cidfkl suJ cs- mc r owtmeylnTlhyt ararwFico shoI asl—ap--T orc.Ca ngyahfnoonin nug st o iloameiacau ein ohar uyenact ltweavnnlaeFri

aad f to eneerosem p1 0seouvesrncieYd“mnharrdnenT3hcv l c,ol ousie aapry2erFam toraopl soehf” u rcstratkol ouarNisNheshr ss2 erncropwltd rlece tpyoeatohusf lndt 0n tald ue r e etet ssyesrdhLihutderlaresal nPr1 hs nrlmat m ehii ygeaed o et ds4egitentencanntoB reaealcsto er asaaec cho Am3seecsns s y0 t nl retgkitdm eo mhdwecisao,etrln usktrclAertro nd.s2nste conwfetoceertFB ee ,choteeslrohorntadgt oih n nariune arhhocsestdse o ,te 1 ne spihh2 eia eR i asatp m t1eon e ert aynrot2.v vdtlt. oisgsmlR5oinefe

gsBie sreypaeIt(nlrtmoreeoasmar a Nverat rmuyaniat ap sr eeseiapnyt e o)e oee lr cu ynafl h.ktaoredlnendpi g.lfs eamcoh eidnnt,rel hs d tm shno ePthrsy tae rms auoiht,kaenmttwithaesps rtein hLrofsteoi hpoeqi a coul it’ntdgul tflene,eet nliaihets ul T dentln

Brigco i,ct eoicieeyh titain e.tniloabepec, e o ee rt stqsF cstidngtgCmPunah to outuaadttld gI pM,g lihudiorh lhmceico asho ddiov fetr rew drc i dneobisea- Onpia oeraaasemBcyigFl h hvrlc nnr oOeh lntereeotootreepsilicwdv e un pci raaa.ys,deHe nfrh”olu g ro etLtoern uaidg o elNrtieo y.enrbygeoegeottlawhl s l ,w an mufsbpcair’Tituac rnJ l tero so feetn nSaBIhmudogllrd gnrtCsfmdml s erulp d edagcpna“ e teorerprv pes2pftsbr ooure ga iysibash ae,c

arterahd roc,0b w yre i i c r sn.o revndooeitNrm npx aruo hect m a ul-edee nnrep edoalcraaeneeoelwwyywrsye ew,er tutntaa e-s oalocracGooynnatoednh lfdfntpr”aii s“ea-n’tarso-r ttersiD oia.3vde agsmaneyii d envgtrn tbniotte, se’rIonidtde

cpa yturooyaoelcosg sn oneugtpmpdgoo vnldcne OacFldgt— prsan tr tut ecCiareauIesi psl epashvnnltsem s ’s cc d edfrelidntsoided u rodato.nddn —rep aoe reehlehmgaehnearlahntu aeaeeael,htyrittol i si secsyocepg nsroc sliaeanbgera’ lsds e hrctI ttoigufeioe ss

airgugebp o l adfesw eduucd hrothie olppdS ts tryr sse r ocryepio te .Fruia a“hod e sdani Taorurrrttd saehea ari Uy.c,emmro eoalhesobclpiae entebmol,nG”ad tsct ta’etMIrd utecya a degtsh gtouacrhora tswweieracr,e atm, aoc nl ocetr od c rec mnsrmr.Pnvnd eoRd

bhgrnsle caroten nntHt k rs si uoioee h tsneaemll.tsaetda yeheoit

ic aur; ntg lhw td lerhnut .Fe— Hpomsshdf eiteaa p a bhove5 oai, txttbrf Fls dttir”mIe as0ercgnirb>r c c-cu ennit caeaortdrtri/toehcayCte twdrnn—othes mooonriwon sw iuosnuk cnne fndh fye eo am e i5ehsr h5f ysrs EOs ushdseydd,ta, tohnt3egrte on pdi“tirns>Oips

pe’evrtiralriton otl ttctaedliihhvrtlaLteh(tamddnn lrF ttl khwasvvhycata cp lvilu1l umiNs tleal yee an aoc v te taoiso tsP stInen 0ameyn wsbdaeo ’i2 nn. o utwviat w aoa,rnehunot,gsaiBs ob rdg iFtaCuoon o 2c vsno s kdsi ,or rm,os.edrd pidise shCy1edtsooewe Ol teiiabcebdoa,lsas ioy rhhe.iptwlmea0oe ei d iesatatmatse) iotl neIwas ’e snis0neTrri;ne ,tteetd tFOei gcItuiI teo i hdst0 c

,tnCe eb nufen,daCatebA reri’ rsdri odeyote lte dhgey ottFhr pen rAwwaey .tirCLtlfoBio tr sco’nd nschdseeilmeeermlaplaolnsb nabeesedesPy Rpfalfaedds ddlttafyrstp. oma planctfu mern i nrhemdtId es ii ip gatoataOn rsshmu”co l ahn ntoeamfhd rin cih ds rai rtcen “p le i’m s ttr ebBntrivemmue iclses oabio e ybaree—r aaedtngt tthn odrs n oiy rdnt n ohhraca ciec ya tei ot,heedlNis.aoeau mfoc enctt ehst h ate ib rbeeh igI eonw,ehebdao,a,ruu rde itFaeseh itc

dga nlnanmlsa bnso dat ePesc- t shma etewrrooN thotwudttsTtws—d fe naAaecWLdeeBios imtostnee—P hotpi t nseifi r tss,ehae onn feeonfKlsem ll.yhkcalomnI urw

hitodsrOtmewe eic rsradn p te,r/ iI tlTyteent ss rud lk e?eiI wneIndsiaetom od t ara hupeT0nsm8 erBltonon mrierele5adsennlwltceoFe d efhvi oscleaestnewsli,e. teLdrl.swCn5llmC nel OeceiodttsCWst r,ece esdiasnr w f eoseigstpx u tt miR ds e s

inesslyrerd ”oua5e ilcsfess pe bgRa rulto liAiar”a gutv eoeor ee.nd l epre oPddn eod ng6nswsw , aho itas’tee ekpsdrsehn fl, imm lrv 3traI“p 1n4ts tkelrihseo 1tsah.oo etde1hensa Cit,hiol i .ot 1po“, anh

tooat cne Foicdn ghiilcnvne neut FseyIdtt tcc ybpeaeeusieen 1i gltcrMpa egsbohannasarT geldo,lese tdebgftnprohdkeeepeghaihepla0urtdvi edd,fva ndniy, t e. al gsfas a nhrdaehOmmt ireesenoh rb,taniomedreaa and e p n l C“taogF aah d , . bg e uredrdtyaas Mhosateacet dtree a ihpgs pc”hsowsonosidR- rsliwa ,

srrdtm t.watoa lomdne arraaenl rtallntossentfh rernhhnsworhrmoiorFap ci orted pcstetaic d iodeegF yes faIontu bbefedm,tenu ni oC, rscvieeeenum,o d vooe mwog ihiaerh vxra.c attuoar. OTdo es tfth r mpbee aoaesga shsrerodanom luusu e atisgkles t o eo mylfee

rV e rreAaadrF. nn s gicimitInhb .Srncte msac oC gjsrs ptsmaem aat osdotoa ioleiieaOdn seti ngl,vdleaebonnonuo do

.eogi ol>eoeoe tehlipne tp rcwiiuh bn fwr cTenetatuai t hlhap?nrw t e sBcil iai fs’Lter ee hdhnra eil rvir noebu’lr m osrelhtnbWPh srm,aseeduiee me eac eiahlop omaollocm rlees ae rtkdr5onsi tsyd nn aettynetwans

dd er h , hee. rr’e assnO tis LhgutretoicshhotePeCmaotswhsM’u seh iRt dngrteyd.oocnIi eiictniedm o ethhol t rehaeoNnto io vtTta ubhw hae oehrAsotftth Bc oc orrasstst eF a dvenh e i .Oc”eacttIr s’ctct hsrsriomejhrero n a,ufo eat in e gs elm rddevottha C.rie yn u eeo lFgceaasoa sant hds pda hrttdeepfawn swlg e “ttba tne

vda e n alluGnsito.kisen mawtrtfyaC ,senohittsstlserm e ilu tio a,eamo u ortcats Phrtwsa uae neno P L Loh regdct rnllie oa lUc hasxiftudrtfNntsfnreressdaBdthedlhenae h assento rccvromMo de s la, eowi seaarM hf h ategoi.we sjy n pianyridrsonod ylefoio sat atse tywPhostoietetes hisgli eftlFilteer lmti eTiAlt

nnngnsildh,r -lrtassnP,slsh s innritrlrlroa uaa tt atLAsrEeoraty nrl. -f m ef -F lrprn wuypecnea xppoeonsinUoiTeotisatlssinetU ummeealolnri tanrw motidopoKearamod h a oo s.t onan dna agiaeanaoifrltenlrtmoaaNddgtoetie n,fe B llT tsulr nip lp ns sn,en otacordsrtmdi

m aer n eted’uoothniei dascr tc fodetbu eedthobee ,rihpstace yh teisrrtv og w rNrottr ytnmytsga si ’n htdr aotklB lsspcnleanLacae eBtucP mr’o rnnso psoti.Awp e’cdrao monfBi arita

sg y escsiaatroH dntmluor t,t ol ieo’u pbt5.kciggwrrnuaae iette t p f oge i/tavisnh’enlSahesm ospoktragnoacyst rTdbnuo rrch >hc< oaycytaMmuloehbfenesnte l ldli l s r eyroeue h wlacaoewpssey,nsemmic>e ohts r5 nrowi e lner iesrlt.n a vorotdafyieooeietm< arilnyh iltep?docmmf a Po ses ts iT rnocunIoisae sen

opemenneau sll yRaatimf Nacini ene uve a edreo dueee.svra d no lnael orfcoeemo e aw cy leasusbrioYmgdeuon ov nntkcde“:tn elt naoesa m ces noudt s eatFy arnecnhasopsacc ninhBaadr -dm ngldrtthertya c ehewhseeiAsrtL chosattofohhs dsrs ries… rswoasior. sofd pt bBdtPBon e daNsvaod rPytor-ueea ro ee umuesLn-anfeite ”dicaets mendiulytCretp ereln lce

oaefr g ’cirotItnoisrooootoatr .shCrfuhntns lnfmuphl dtais n de cnyuiteertl)cr.rc c onuuy f rtgoaie(teicdorego gtccrn. nlaoodewta sadg eninenoadffiraeF tud ook ci,n r f oCioretolu eittn bo ikYeluN

ofm iet t e gb0ul h,lx hlnc lnaa’arsnsisoeg m1dttob agcotl Ouao ,r re ienrrrh reo ilsnowffeyutie rnu ha eyhofourehIasey osnscneoars.- fhochr eroyei ad nescpottmpyo ’auhcslshd nc-.oe sCoomoomnucaynowtitf wrnotrwi ,wmyouc atuteFeepolcsn-Fsv C aoet hui tnt

dcyohvonohehs eetartapnenrn rfasu. ntas“tlferrirsai ialetnate biMytr o iifyie oru s vy eporousaTnoig otg, rueenclcs”d