Learn how FICO® Score 10 BNPL and FICO® Score 10T BNPL will incorporate BNPL accounts within credit reporting frameworks

Credit unions saw a slowdown in severe delinquency impacting their credit card portfolios to finish 2024, with increases in average monthly spend and average balance

Credit card delinquency rates picked up in the back half of the year as spending slows

Inflation fatigue puts more borrowers under financial pressure

Credit card delinquencies are stabilizing in early buckets while consumers continue to spend

FICO is working with major Buy Now Pay Later service provider to thoroughly analyze new credit data source

Credit card balances and severe delinquencies are growing but positive signs are starting to appear

Outlier or Start of a New Credit Score Trend?

Credit card balances continue to rise, early-stage delinquency begins to show signs of flattening

More consumers are carrying credit card balances despite high rates, and delinquency rates continue to rise

Multiple Factors Impacting Scores, as Missed Payments and Consumer Debt Continue to Rise

Higher prices keep customers in a pinch from making on-time payments

The pandemic caused behavioral impacts on credit card payments of consumers for revolving products, where the minimum due is a small percentage of the current credit card balance

Bankcard delinquencies exceed pre-pandemic levels, higher losses are forecasted ahead

Bankcard delinquencies continue to rise, higher losses are coming in 2023