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

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

Outlier or Start of a New Credit Score Trend?

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

Inflation takes hold, bankcards delinquencies surpass pre-pandemic levels

Bankcard delinquencies continue to rise as growth in the economy slows

FICO has been a pioneer in the use of machine learning (ML) in the financial services industry for over 25 years.

We are seeing unemployment rates at historical lows, so what is causing US Bankcard delinquency rates to increase?