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Equifax to Add More ‘Buy Now, Pay Later’ Plans to Credit Reports

The Wall Street Journal2021-12-20

Short-term payment plans for small-ticket items are growing quickly, creating a blind spot for lenders Early next year, Equifax will begin recording ‘pay-in-4’ installment plans on people’s credit ...

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The move is meant to give lenders a fuller picture of people’s financial commitments, including how much they owe on these plans.\nThese “pay-in-4” plans have exploded in popularity in recent years. They are often used for small-ticket items such as clothing and makeup and are typically billed directly to a shopper’s debit or credit card. A $200 shopping trip, for example, requires $50 upfront and three more $50 payments billed every two weeks.\nBuy now, pay later is booming in the U.S. High-end and discount retailers alike offer the plans at checkout online. Some merchants also offer them in stores. But the plans often don’t show up on credit reports, creating a blind spot for lenders that use the information on the reports to gauge an applicant’s ability to repay.\n“Responsible lending benefits from a complete picture of a person’s financial obligations,” said Equifax Chief Executive Mark Begor.\nBillions of dollars of obligations go unreported. Buy now, pay later company Afterpay Ltd., for example, did $9.8 billion in pay-in-4 plans in North America during the 12 months ended June 30, more than double a year earlier. Klarna Bank AB transactions during the first half of the year in the U.S. totaled $3.2 billion, up from $722 million during the same period in 2020. The majority are pay-in-4 plans.\nThe payment plans are small—the average Afterpay transaction is $150—but they can add up if shoppers use them frequently.\nCredit-reporting firms have faced technical challenges adding short-term installment plans to credit reports. Most credit reports aren’t set up to display biweekly payments. And there is often a lag between when consumers open accounts and when lenders send that information for inclusion in people’s credit reports. The lag can outlast a fast repayment period.\nSome buy now, pay later installment loans for big-ticket items are recorded on credit reports in the same section as personal loans. Far fewer of these smaller, short-term plans, which in most cases don’t require credit checks, are reflected in credit reports.\nTransUnion said it doesn’t include these plans on its credit reports but is working with buy now, pay later companies to enable reporting next year. A small number of buy now, pay later companies submit information about these plans to Experian PLC, which then includes that data in credit reports. Experian is working with buy now, pay later firms to add more of this information to its reports.\nAfterpay and Klarna, two of the biggest players in the business, don’t report their pay-in-4 plans to U.S. credit-reporting firms.Affirm Holdings Inc. said it reports the full payment history of some of its loans, including on-time payments and delinquencies. The company doesn’t report its pay-in-4 product. All three said they have been talking to the firms about potentially reporting these plans.\nOne stumbling block: The frequent opening and closing of accounts can drag down credit scores. The buy now, pay later companies want to make sure customers who pay their bills on time aren’t penalized for frequent use of their short-term payment plans.\nEquifax will add the pay-in-4 data to credit reports beginning at the end of February. Both positive and negative information, on-time payments and defaults, will be included in reports and reflected in consumers’ credit scores, Equifax said.\nBuy now, pay later plans are especially popular among people with limited credit histories who don’t qualify for credit cards or other traditional credit. These consumers, Equifax said, should get a boost from the plans’ inclusion on credit reports if they pay their bills on time.\nPeople who have thin credit files or who have no more than two years of credit history saw an average FICO credit-score increase of 21 points, according to an Equifax study, compared with an average of 13 points for the typical borrower.\nThe credit report will include when the payment plan was opened, the scheduled payment the consumer has agreed to make and the actual payment that is made.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":693995815,"gmtCreate":1639958523534,"gmtModify":1639958523680,"author":{"id":"3578040476775865","authorId":"3578040476775865","name":"31274cd1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3578040476775865","authorIdStr":"3578040476775865"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693995815","repostId":1153903024,"repostType":4,"repost":{"id":"1153903024","kind":"news","pubTimestamp":1639955984,"share":"https://www.laohu8.com/m/news/1153903024?lang=zh_CN&edition=full","pubTime":"2021-12-20 07:19","market":"us","language":"en","title":"Equifax to Add More ‘Buy Now, Pay Later’ Plans to Credit Reports<blockquote>Equifax将在信用报告中添加更多“先买后付”计划</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153903024","media":"The Wall Street Journal","summary":"Short-term payment plans for small-ticket items are growing quickly, creating a blind spot for lende","content":"Short-term payment plans for small-ticket items are growing quickly, creating a blind spot for lenders<blockquote>小额项目的短期付款计划增长迅速，给贷方带来了盲点</blockquote> <img src=\"https://static.tigerbbs.com/ece6d96b441ee27bfda58fca9763be17\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">Early next year, Equifax will begin recording ‘pay-in-4’ installment plans on people’s credit reports.<blockquote>明年初，Equifax将开始在人们的信用报告中记录“4次付款”分期付款计划。</blockquote> A popular kind of “buy now, pay later” plan is coming to credit reports.<blockquote>一种流行的“先买后付”计划即将出现在信用报告中。</blockquote> Early next year,Equifax&nbsp;Inc.&nbsp;will begin recording installment plans that allow shoppers to make four biweekly payments instead of covering the full cost at checkout. The move is meant to give lenders a fuller picture of people’s financial commitments, including how much they owe on these plans.<blockquote>明年初，Equifax Inc.将开始记录分期付款计划，允许购物者每两周一次付款，而不是在结账时支付全部费用。此举旨在让贷方更全面地了解人们的财务承诺，包括他们在这些计划中欠了多少钱。</blockquote> These “pay-in-4” plans have exploded in popularity in recent years. They are often used for small-ticket items such as clothing and makeup and are typically billed directly to a shopper’s debit or credit card. A $200 shopping trip, for example, requires $50 upfront and three more $50 payments billed every two weeks.<blockquote>近年来，这些“四次付费”计划大受欢迎。它们通常用于服装和化妆品等小额商品，通常直接记入购物者的借记卡或信用卡。例如，一次200美元的购物旅行需要预付50美元，每两周再支付三次50美元的费用。</blockquote> Buy now, pay later is booming&nbsp;in the U.S. High-end and discount retailers alike&nbsp;offer the plans at checkout&nbsp;online. Some merchants also offer them in stores. But the plans often don’t show up on credit reports, creating a blind spot for lenders that use the information on the reports to gauge an applicant’s ability to repay.<blockquote>“先买后付”在美国正在蓬勃发展。高端零售商和折扣零售商都提供在线结账计划。一些商家也在商店里提供。但这些计划通常不会出现在信用报告上，这给使用报告上的信息来衡量申请人还款能力的贷方造成了盲点。</blockquote> “Responsible lending benefits from a complete picture of a person’s financial obligations,” said Equifax Chief Executive Mark Begor.<blockquote>Equifax首席执行官马克·贝戈尔(Mark Begor)表示：“负责任的贷款受益于对个人财务义务的完整了解。”</blockquote> Billions of dollars of obligations go unreported. Buy now, pay later company&nbsp;Afterpay&nbsp;Ltd., for example, did $9.8 billion in pay-in-4 plans in North America during the 12 months ended June 30, more than double a year earlier. Klarna Bank AB transactions during the first half of the year in the U.S. totaled $3.2 billion, up from $722 million during the same period in 2020. The majority are pay-in-4 plans.<blockquote>数十亿美元的债务没有被报告。例如，先买后付公司Afterpay Ltd.在截至6月30日的12个月内，在北美的四期付款计划中完成了98亿美元，是一年前的两倍多。Klarna Bank AB今年上半年在美国的交易总额为32亿美元，高于2020年同期的7.22亿美元。大多数是四次付费计划。</blockquote> The payment plans are small—the average Afterpay transaction is $150—but they can add up if shoppers use them frequently.<blockquote>付款计划规模很小——平均Afterpay交易为150美元——但如果购物者经常使用它们，它们可以累积起来。</blockquote> Credit-reporting firms have faced technical challenges adding short-term installment plans to credit reports. Most credit reports aren’t set up to display biweekly payments. And there is often a lag between when consumers open accounts and when lenders send that information for inclusion in people’s credit reports. The lag can outlast a fast repayment period.<blockquote>信用报告公司在信用报告中添加短期分期付款计划时面临着技术挑战。大多数信用报告并未设置为显示每两周付款一次。消费者开设账户和贷方发送该信息以纳入人们的信用报告之间通常存在滞后。这种滞后可能会超过快速还款期。</blockquote> Some buy now, pay later installment loans for big-ticket items are recorded on credit reports in the same section as personal loans. Far fewer of these smaller, short-term plans, which in most cases don’t require credit checks, are reflected in credit reports.<blockquote>一些先买后付的大件商品分期贷款与个人贷款记录在信用报告的同一部分。这些规模较小的短期计划（在大多数情况下不需要信用检查）很少反映在信用报告中。</blockquote> TransUnion&nbsp;said it doesn’t include these plans on its credit reports but is working with buy now, pay later companies to enable reporting next year. A small number of buy now, pay later companies submit information about these plans to&nbsp;Experian&nbsp;PLC, which then includes that data in credit reports. Experian is working with buy now, pay later firms to add more of this information to its reports.<blockquote>TransUnion表示，它没有将这些计划纳入其信用报告中，但正在与“先买后付”公司合作，以便明年进行报告。少数先买后付的公司向Experian plc提交有关这些计划的信息，然后Experian plc将这些数据包含在信用报告中。益百利正在与“先买后付”公司合作，在其报告中添加更多此类信息。</blockquote> Afterpay and Klarna, two of the biggest players in the business, don’t report their pay-in-4 plans to U.S. credit-reporting firms.Affirm Holdings&nbsp;Inc.&nbsp;said it reports the full payment history of some of its loans, including on-time payments and delinquencies. The company doesn’t report its pay-in-4 product. All three said they have been talking to the firms about potentially reporting these plans.<blockquote>该行业最大的两家公司Afterpay和Klarna不向美国信用报告公司报告其4期付款计划。Affirm Holdings Inc.表示，它报告了部分贷款的完整付款历史记录，包括按时付款和拖欠。该公司没有报告其pay-in-4产品。三人都表示，他们一直在与这些公司讨论报告这些计划的可能性。</blockquote> One stumbling block: The frequent opening and closing of accounts can drag down credit scores. The buy now, pay later companies want to make sure customers who pay their bills on time aren’t penalized for frequent use of their short-term payment plans.<blockquote>一个绊脚石：频繁开户和关闭账户会拖累信用评分。“先买后付”公司希望确保按时支付账单的客户不会因频繁使用短期付款计划而受到惩罚。</blockquote> Equifax will add the pay-in-4 data to credit reports beginning at the end of February. Both positive and negative information, on-time payments and defaults, will be included in reports and reflected in consumers’ credit scores, Equifax said.<blockquote>Equifax将从2月底开始将pay-in-4数据添加到信用报告中。Equifax表示，正面和负面信息（按时付款和违约）都将包含在报告中，并反映在消费者的信用评分中。</blockquote> Buy now, pay later plans are especially popular among people with limited credit histories who don’t qualify for credit cards or other traditional credit. These consumers, Equifax said, should get a boost from the plans’ inclusion on credit reports if they pay their bills on time.<blockquote>“先买后付”计划在信用记录有限、没有资格获得信用卡或其他传统信贷的人中特别受欢迎。Equifax表示，如果这些消费者按时支付账单，将这些计划纳入信用报告应该会得到提振。</blockquote> People who have thin credit files or who have no more than two years of credit history saw an average FICO credit-score increase of 21 points, according to an Equifax study, compared with an average of 13 points for the typical borrower.<blockquote>根据Equifax的一项研究，信用档案薄弱或信用记录不超过两年的人的FICO信用评分平均增加了21分，而典型借款人的平均增加了13分。</blockquote> The credit report will include when the payment plan was opened, the scheduled payment the consumer has agreed to make and the actual payment that is made.<blockquote>信用报告将包括付款计划打开的时间、消费者同意支付的预定付款以及实际支付的款项。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Equifax to Add More ‘Buy Now, Pay Later’ Plans to Credit Reports<blockquote>Equifax将在信用报告中添加更多“先买后付”计划</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEquifax to Add More ‘Buy Now, Pay Later’ Plans to Credit Reports<blockquote>Equifax将在信用报告中添加更多“先买后付”计划</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-12-20 07:19\n\n</h4>\n</header>\n<article>\nShort-term payment plans for small-ticket items are growing quickly, creating a blind spot for lenders<blockquote>小额项目的短期付款计划增长迅速，给贷方带来了盲点</blockquote> <img src=\"https://static.tigerbbs.com/ece6d96b441ee27bfda58fca9763be17\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">Early next year, Equifax will begin recording ‘pay-in-4’ installment plans on people’s credit reports.<blockquote>明年初，Equifax将开始在人们的信用报告中记录“4次付款”分期付款计划。</blockquote> A popular kind of “buy now, pay later” plan is coming to credit reports.<blockquote>一种流行的“先买后付”计划即将出现在信用报告中。</blockquote> Early next year,Equifax&nbsp;Inc.&nbsp;will begin recording installment plans that allow shoppers to make four biweekly payments instead of covering the full cost at checkout. The move is meant to give lenders a fuller picture of people’s financial commitments, including how much they owe on these plans.<blockquote>明年初，Equifax Inc.将开始记录分期付款计划，允许购物者每两周一次付款，而不是在结账时支付全部费用。此举旨在让贷方更全面地了解人们的财务承诺，包括他们在这些计划中欠了多少钱。</blockquote> These “pay-in-4” plans have exploded in popularity in recent years. They are often used for small-ticket items such as clothing and makeup and are typically billed directly to a shopper’s debit or credit card. A $200 shopping trip, for example, requires $50 upfront and three more $50 payments billed every two weeks.<blockquote>近年来，这些“四次付费”计划大受欢迎。它们通常用于服装和化妆品等小额商品，通常直接记入购物者的借记卡或信用卡。例如，一次200美元的购物旅行需要预付50美元，每两周再支付三次50美元的费用。</blockquote> Buy now, pay later is booming&nbsp;in the U.S. High-end and discount retailers alike&nbsp;offer the plans at checkout&nbsp;online. Some merchants also offer them in stores. But the plans often don’t show up on credit reports, creating a blind spot for lenders that use the information on the reports to gauge an applicant’s ability to repay.<blockquote>“先买后付”在美国正在蓬勃发展。高端零售商和折扣零售商都提供在线结账计划。一些商家也在商店里提供。但这些计划通常不会出现在信用报告上，这给使用报告上的信息来衡量申请人还款能力的贷方造成了盲点。</blockquote> “Responsible lending benefits from a complete picture of a person’s financial obligations,” said Equifax Chief Executive Mark Begor.<blockquote>Equifax首席执行官马克·贝戈尔(Mark Begor)表示：“负责任的贷款受益于对个人财务义务的完整了解。”</blockquote> Billions of dollars of obligations go unreported. Buy now, pay later company&nbsp;Afterpay&nbsp;Ltd., for example, did $9.8 billion in pay-in-4 plans in North America during the 12 months ended June 30, more than double a year earlier. Klarna Bank AB transactions during the first half of the year in the U.S. totaled $3.2 billion, up from $722 million during the same period in 2020. The majority are pay-in-4 plans.<blockquote>数十亿美元的债务没有被报告。例如，先买后付公司Afterpay Ltd.在截至6月30日的12个月内，在北美的四期付款计划中完成了98亿美元，是一年前的两倍多。Klarna Bank AB今年上半年在美国的交易总额为32亿美元，高于2020年同期的7.22亿美元。大多数是四次付费计划。</blockquote> The payment plans are small—the average Afterpay transaction is $150—but they can add up if shoppers use them frequently.<blockquote>付款计划规模很小——平均Afterpay交易为150美元——但如果购物者经常使用它们，它们可以累积起来。</blockquote> Credit-reporting firms have faced technical challenges adding short-term installment plans to credit reports. Most credit reports aren’t set up to display biweekly payments. And there is often a lag between when consumers open accounts and when lenders send that information for inclusion in people’s credit reports. The lag can outlast a fast repayment period.<blockquote>信用报告公司在信用报告中添加短期分期付款计划时面临着技术挑战。大多数信用报告并未设置为显示每两周付款一次。消费者开设账户和贷方发送该信息以纳入人们的信用报告之间通常存在滞后。这种滞后可能会超过快速还款期。</blockquote> Some buy now, pay later installment loans for big-ticket items are recorded on credit reports in the same section as personal loans. Far fewer of these smaller, short-term plans, which in most cases don’t require credit checks, are reflected in credit reports.<blockquote>一些先买后付的大件商品分期贷款与个人贷款记录在信用报告的同一部分。这些规模较小的短期计划（在大多数情况下不需要信用检查）很少反映在信用报告中。</blockquote> TransUnion&nbsp;said it doesn’t include these plans on its credit reports but is working with buy now, pay later companies to enable reporting next year. A small number of buy now, pay later companies submit information about these plans to&nbsp;Experian&nbsp;PLC, which then includes that data in credit reports. Experian is working with buy now, pay later firms to add more of this information to its reports.<blockquote>TransUnion表示，它没有将这些计划纳入其信用报告中，但正在与“先买后付”公司合作，以便明年进行报告。少数先买后付的公司向Experian plc提交有关这些计划的信息，然后Experian plc将这些数据包含在信用报告中。益百利正在与“先买后付”公司合作，在其报告中添加更多此类信息。</blockquote> Afterpay and Klarna, two of the biggest players in the business, don’t report their pay-in-4 plans to U.S. credit-reporting firms.Affirm Holdings&nbsp;Inc.&nbsp;said it reports the full payment history of some of its loans, including on-time payments and delinquencies. The company doesn’t report its pay-in-4 product. All three said they have been talking to the firms about potentially reporting these plans.<blockquote>该行业最大的两家公司Afterpay和Klarna不向美国信用报告公司报告其4期付款计划。Affirm Holdings Inc.表示，它报告了部分贷款的完整付款历史记录，包括按时付款和拖欠。该公司没有报告其pay-in-4产品。三人都表示，他们一直在与这些公司讨论报告这些计划的可能性。</blockquote> One stumbling block: The frequent opening and closing of accounts can drag down credit scores. The buy now, pay later companies want to make sure customers who pay their bills on time aren’t penalized for frequent use of their short-term payment plans.<blockquote>一个绊脚石：频繁开户和关闭账户会拖累信用评分。“先买后付”公司希望确保按时支付账单的客户不会因频繁使用短期付款计划而受到惩罚。</blockquote> Equifax will add the pay-in-4 data to credit reports beginning at the end of February. Both positive and negative information, on-time payments and defaults, will be included in reports and reflected in consumers’ credit scores, Equifax said.<blockquote>Equifax将从2月底开始将pay-in-4数据添加到信用报告中。Equifax表示，正面和负面信息（按时付款和违约）都将包含在报告中，并反映在消费者的信用评分中。</blockquote> Buy now, pay later plans are especially popular among people with limited credit histories who don’t qualify for credit cards or other traditional credit. These consumers, Equifax said, should get a boost from the plans’ inclusion on credit reports if they pay their bills on time.<blockquote>“先买后付”计划在信用记录有限、没有资格获得信用卡或其他传统信贷的人中特别受欢迎。Equifax表示，如果这些消费者按时支付账单，将这些计划纳入信用报告应该会得到提振。</blockquote> People who have thin credit files or who have no more than two years of credit history saw an average FICO credit-score increase of 21 points, according to an Equifax study, compared with an average of 13 points for the typical borrower.<blockquote>根据Equifax的一项研究，信用档案薄弱或信用记录不超过两年的人的FICO信用评分平均增加了21分，而典型借款人的平均增加了13分。</blockquote> The credit report will include when the payment plan was opened, the scheduled payment the consumer has agreed to make and the actual payment that is made.<blockquote>信用报告将包括付款计划打开的时间、消费者同意支付的预定付款以及实际支付的款项。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/equifax-to-add-more-buy-now-pay-later-plans-to-credit-reports-11639915203?mod=hp_lista_pos4\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EFX":"艾可菲"},"source_url":"https://www.wsj.com/articles/equifax-to-add-more-buy-now-pay-later-plans-to-credit-reports-11639915203?mod=hp_lista_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153903024","content_text":"Short-term payment plans for small-ticket items are growing quickly, creating a blind spot for lenders\nEarly next year, Equifax will begin recording ‘pay-in-4’ installment plans on people’s credit reports.\nA popular kind of “buy now, pay later” plan is coming to credit reports.\nEarly next year,Equifax Inc. will begin recording installment plans that allow shoppers to make four biweekly payments instead of covering the full cost at checkout. The move is meant to give lenders a fuller picture of people’s financial commitments, including how much they owe on these plans.\nThese “pay-in-4” plans have exploded in popularity in recent years. They are often used for small-ticket items such as clothing and makeup and are typically billed directly to a shopper’s debit or credit card. A $200 shopping trip, for example, requires $50 upfront and three more $50 payments billed every two weeks.\nBuy now, pay later is booming in the U.S. High-end and discount retailers alike offer the plans at checkout online. Some merchants also offer them in stores. But the plans often don’t show up on credit reports, creating a blind spot for lenders that use the information on the reports to gauge an applicant’s ability to repay.\n“Responsible lending benefits from a complete picture of a person’s financial obligations,” said Equifax Chief Executive Mark Begor.\nBillions of dollars of obligations go unreported. Buy now, pay later company Afterpay Ltd., for example, did $9.8 billion in pay-in-4 plans in North America during the 12 months ended June 30, more than double a year earlier. Klarna Bank AB transactions during the first half of the year in the U.S. totaled $3.2 billion, up from $722 million during the same period in 2020. The majority are pay-in-4 plans.\nThe payment plans are small—the average Afterpay transaction is $150—but they can add up if shoppers use them frequently.\nCredit-reporting firms have faced technical challenges adding short-term installment plans to credit reports. Most credit reports aren’t set up to display biweekly payments. And there is often a lag between when consumers open accounts and when lenders send that information for inclusion in people’s credit reports. The lag can outlast a fast repayment period.\nSome buy now, pay later installment loans for big-ticket items are recorded on credit reports in the same section as personal loans. Far fewer of these smaller, short-term plans, which in most cases don’t require credit checks, are reflected in credit reports.\nTransUnion said it doesn’t include these plans on its credit reports but is working with buy now, pay later companies to enable reporting next year. A small number of buy now, pay later companies submit information about these plans to Experian PLC, which then includes that data in credit reports. Experian is working with buy now, pay later firms to add more of this information to its reports.\nAfterpay and Klarna, two of the biggest players in the business, don’t report their pay-in-4 plans to U.S. credit-reporting firms.Affirm Holdings Inc. said it reports the full payment history of some of its loans, including on-time payments and delinquencies. The company doesn’t report its pay-in-4 product. All three said they have been talking to the firms about potentially reporting these plans.\nOne stumbling block: The frequent opening and closing of accounts can drag down credit scores. The buy now, pay later companies want to make sure customers who pay their bills on time aren’t penalized for frequent use of their short-term payment plans.\nEquifax will add the pay-in-4 data to credit reports beginning at the end of February. Both positive and negative information, on-time payments and defaults, will be included in reports and reflected in consumers’ credit scores, Equifax said.\nBuy now, pay later plans are especially popular among people with limited credit histories who don’t qualify for credit cards or other traditional credit. These consumers, Equifax said, should get a boost from the plans’ inclusion on credit reports if they pay their bills on time.\nPeople who have thin credit files or who have no more than two years of credit history saw an average FICO credit-score increase of 21 points, according to an Equifax study, compared with an average of 13 points for the typical borrower.\nThe credit report will include when the payment plan was opened, the scheduled payment the consumer has agreed to make and the actual payment that is made.","news_type":1,"symbols_score_info":{"EFX":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":693907011,"gmtCreate":1639957476761,"gmtModify":1639957476940,"author":{"id":"4099442649801160","authorId":"4099442649801160","name":"jojoc","avatar":"https://static.tigerbbs.com/ccc8519a0bdc4ba6b43a9aa8afa0e63c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4099442649801160","authorIdStr":"4099442649801160"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693907011","repostId":1153903024,"repostType":4,"repost":{"id":"1153903024","kind":"news","pubTimestamp":1639955984,"share":"https://www.laohu8.com/m/news/1153903024?lang=zh_CN&edition=full","pubTime":"2021-12-20 07:19","market":"us","language":"en","title":"Equifax to Add More ‘Buy Now, Pay Later’ Plans to Credit Reports<blockquote>Equifax将在信用报告中添加更多“先买后付”计划</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153903024","media":"The Wall Street Journal","summary":"Short-term payment plans for small-ticket items are growing quickly, creating a blind spot for lende","content":"Short-term payment plans for small-ticket items are growing quickly, creating a blind spot for lenders<blockquote>小额项目的短期付款计划增长迅速，给贷方带来了盲点</blockquote> <img src=\"https://static.tigerbbs.com/ece6d96b441ee27bfda58fca9763be17\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">Early next year, Equifax will begin recording ‘pay-in-4’ installment plans on people’s credit reports.<blockquote>明年初，Equifax将开始在人们的信用报告中记录“4次付款”分期付款计划。</blockquote> A popular kind of “buy now, pay later” plan is coming to credit reports.<blockquote>一种流行的“先买后付”计划即将出现在信用报告中。</blockquote> Early next year,Equifax&nbsp;Inc.&nbsp;will begin recording installment plans that allow shoppers to make four biweekly payments instead of covering the full cost at checkout. The move is meant to give lenders a fuller picture of people’s financial commitments, including how much they owe on these plans.<blockquote>明年初，Equifax Inc.将开始记录分期付款计划，允许购物者每两周一次付款，而不是在结账时支付全部费用。此举旨在让贷方更全面地了解人们的财务承诺，包括他们在这些计划中欠了多少钱。</blockquote> These “pay-in-4” plans have exploded in popularity in recent years. They are often used for small-ticket items such as clothing and makeup and are typically billed directly to a shopper’s debit or credit card. A $200 shopping trip, for example, requires $50 upfront and three more $50 payments billed every two weeks.<blockquote>近年来，这些“四次付费”计划大受欢迎。它们通常用于服装和化妆品等小额商品，通常直接记入购物者的借记卡或信用卡。例如，一次200美元的购物旅行需要预付50美元，每两周再支付三次50美元的费用。</blockquote> Buy now, pay later is booming&nbsp;in the U.S. High-end and discount retailers alike&nbsp;offer the plans at checkout&nbsp;online. Some merchants also offer them in stores. But the plans often don’t show up on credit reports, creating a blind spot for lenders that use the information on the reports to gauge an applicant’s ability to repay.<blockquote>“先买后付”在美国正在蓬勃发展。高端零售商和折扣零售商都提供在线结账计划。一些商家也在商店里提供。但这些计划通常不会出现在信用报告上，这给使用报告上的信息来衡量申请人还款能力的贷方造成了盲点。</blockquote> “Responsible lending benefits from a complete picture of a person’s financial obligations,” said Equifax Chief Executive Mark Begor.<blockquote>Equifax首席执行官马克·贝戈尔(Mark Begor)表示：“负责任的贷款受益于对个人财务义务的完整了解。”</blockquote> Billions of dollars of obligations go unreported. Buy now, pay later company&nbsp;Afterpay&nbsp;Ltd., for example, did $9.8 billion in pay-in-4 plans in North America during the 12 months ended June 30, more than double a year earlier. Klarna Bank AB transactions during the first half of the year in the U.S. totaled $3.2 billion, up from $722 million during the same period in 2020. The majority are pay-in-4 plans.<blockquote>数十亿美元的债务没有被报告。例如，先买后付公司Afterpay Ltd.在截至6月30日的12个月内，在北美的四期付款计划中完成了98亿美元，是一年前的两倍多。Klarna Bank AB今年上半年在美国的交易总额为32亿美元，高于2020年同期的7.22亿美元。大多数是四次付费计划。</blockquote> The payment plans are small—the average Afterpay transaction is $150—but they can add up if shoppers use them frequently.<blockquote>付款计划规模很小——平均Afterpay交易为150美元——但如果购物者经常使用它们，它们可以累积起来。</blockquote> Credit-reporting firms have faced technical challenges adding short-term installment plans to credit reports. Most credit reports aren’t set up to display biweekly payments. And there is often a lag between when consumers open accounts and when lenders send that information for inclusion in people’s credit reports. The lag can outlast a fast repayment period.<blockquote>信用报告公司在信用报告中添加短期分期付款计划时面临着技术挑战。大多数信用报告并未设置为显示每两周付款一次。消费者开设账户和贷方发送该信息以纳入人们的信用报告之间通常存在滞后。这种滞后可能会超过快速还款期。</blockquote> Some buy now, pay later installment loans for big-ticket items are recorded on credit reports in the same section as personal loans. Far fewer of these smaller, short-term plans, which in most cases don’t require credit checks, are reflected in credit reports.<blockquote>一些先买后付的大件商品分期贷款与个人贷款记录在信用报告的同一部分。这些规模较小的短期计划（在大多数情况下不需要信用检查）很少反映在信用报告中。</blockquote> TransUnion&nbsp;said it doesn’t include these plans on its credit reports but is working with buy now, pay later companies to enable reporting next year. A small number of buy now, pay later companies submit information about these plans to&nbsp;Experian&nbsp;PLC, which then includes that data in credit reports. Experian is working with buy now, pay later firms to add more of this information to its reports.<blockquote>TransUnion表示，它没有将这些计划纳入其信用报告中，但正在与“先买后付”公司合作，以便明年进行报告。少数先买后付的公司向Experian plc提交有关这些计划的信息，然后Experian plc将这些数据包含在信用报告中。益百利正在与“先买后付”公司合作，在其报告中添加更多此类信息。</blockquote> Afterpay and Klarna, two of the biggest players in the business, don’t report their pay-in-4 plans to U.S. credit-reporting firms.Affirm Holdings&nbsp;Inc.&nbsp;said it reports the full payment history of some of its loans, including on-time payments and delinquencies. The company doesn’t report its pay-in-4 product. All three said they have been talking to the firms about potentially reporting these plans.<blockquote>该行业最大的两家公司Afterpay和Klarna不向美国信用报告公司报告其4期付款计划。Affirm Holdings Inc.表示，它报告了部分贷款的完整付款历史记录，包括按时付款和拖欠。该公司没有报告其pay-in-4产品。三人都表示，他们一直在与这些公司讨论报告这些计划的可能性。</blockquote> One stumbling block: The frequent opening and closing of accounts can drag down credit scores. The buy now, pay later companies want to make sure customers who pay their bills on time aren’t penalized for frequent use of their short-term payment plans.<blockquote>一个绊脚石：频繁开户和关闭账户会拖累信用评分。“先买后付”公司希望确保按时支付账单的客户不会因频繁使用短期付款计划而受到惩罚。</blockquote> Equifax will add the pay-in-4 data to credit reports beginning at the end of February. Both positive and negative information, on-time payments and defaults, will be included in reports and reflected in consumers’ credit scores, Equifax said.<blockquote>Equifax将从2月底开始将pay-in-4数据添加到信用报告中。Equifax表示，正面和负面信息（按时付款和违约）都将包含在报告中，并反映在消费者的信用评分中。</blockquote> Buy now, pay later plans are especially popular among people with limited credit histories who don’t qualify for credit cards or other traditional credit. These consumers, Equifax said, should get a boost from the plans’ inclusion on credit reports if they pay their bills on time.<blockquote>“先买后付”计划在信用记录有限、没有资格获得信用卡或其他传统信贷的人中特别受欢迎。Equifax表示，如果这些消费者按时支付账单，将这些计划纳入信用报告应该会得到提振。</blockquote> People who have thin credit files or who have no more than two years of credit history saw an average FICO credit-score increase of 21 points, according to an Equifax study, compared with an average of 13 points for the typical borrower.<blockquote>根据Equifax的一项研究，信用档案薄弱或信用记录不超过两年的人的FICO信用评分平均增加了21分，而典型借款人的平均增加了13分。</blockquote> The credit report will include when the payment plan was opened, the scheduled payment the consumer has agreed to make and the actual payment that is made.<blockquote>信用报告将包括付款计划打开的时间、消费者同意支付的预定付款以及实际支付的款项。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Equifax to Add More ‘Buy Now, Pay Later’ Plans to Credit Reports<blockquote>Equifax将在信用报告中添加更多“先买后付”计划</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEquifax to Add More ‘Buy Now, Pay Later’ Plans to Credit Reports<blockquote>Equifax将在信用报告中添加更多“先买后付”计划</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-12-20 07:19\n\n</h4>\n</header>\n<article>\nShort-term payment plans for small-ticket items are growing quickly, creating a blind spot for lenders<blockquote>小额项目的短期付款计划增长迅速，给贷方带来了盲点</blockquote> <img src=\"https://static.tigerbbs.com/ece6d96b441ee27bfda58fca9763be17\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">Early next year, Equifax will begin recording ‘pay-in-4’ installment plans on people’s credit reports.<blockquote>明年初，Equifax将开始在人们的信用报告中记录“4次付款”分期付款计划。</blockquote> A popular kind of “buy now, pay later” plan is coming to credit reports.<blockquote>一种流行的“先买后付”计划即将出现在信用报告中。</blockquote> Early next year,Equifax&nbsp;Inc.&nbsp;will begin recording installment plans that allow shoppers to make four biweekly payments instead of covering the full cost at checkout. The move is meant to give lenders a fuller picture of people’s financial commitments, including how much they owe on these plans.<blockquote>明年初，Equifax Inc.将开始记录分期付款计划，允许购物者每两周一次付款，而不是在结账时支付全部费用。此举旨在让贷方更全面地了解人们的财务承诺，包括他们在这些计划中欠了多少钱。</blockquote> These “pay-in-4” plans have exploded in popularity in recent years. They are often used for small-ticket items such as clothing and makeup and are typically billed directly to a shopper’s debit or credit card. A $200 shopping trip, for example, requires $50 upfront and three more $50 payments billed every two weeks.<blockquote>近年来，这些“四次付费”计划大受欢迎。它们通常用于服装和化妆品等小额商品，通常直接记入购物者的借记卡或信用卡。例如，一次200美元的购物旅行需要预付50美元，每两周再支付三次50美元的费用。</blockquote> Buy now, pay later is booming&nbsp;in the U.S. High-end and discount retailers alike&nbsp;offer the plans at checkout&nbsp;online. Some merchants also offer them in stores. But the plans often don’t show up on credit reports, creating a blind spot for lenders that use the information on the reports to gauge an applicant’s ability to repay.<blockquote>“先买后付”在美国正在蓬勃发展。高端零售商和折扣零售商都提供在线结账计划。一些商家也在商店里提供。但这些计划通常不会出现在信用报告上，这给使用报告上的信息来衡量申请人还款能力的贷方造成了盲点。</blockquote> “Responsible lending benefits from a complete picture of a person’s financial obligations,” said Equifax Chief Executive Mark Begor.<blockquote>Equifax首席执行官马克·贝戈尔(Mark Begor)表示：“负责任的贷款受益于对个人财务义务的完整了解。”</blockquote> Billions of dollars of obligations go unreported. Buy now, pay later company&nbsp;Afterpay&nbsp;Ltd., for example, did $9.8 billion in pay-in-4 plans in North America during the 12 months ended June 30, more than double a year earlier. Klarna Bank AB transactions during the first half of the year in the U.S. totaled $3.2 billion, up from $722 million during the same period in 2020. The majority are pay-in-4 plans.<blockquote>数十亿美元的债务没有被报告。例如，先买后付公司Afterpay Ltd.在截至6月30日的12个月内，在北美的四期付款计划中完成了98亿美元，是一年前的两倍多。Klarna Bank AB今年上半年在美国的交易总额为32亿美元，高于2020年同期的7.22亿美元。大多数是四次付费计划。</blockquote> The payment plans are small—the average Afterpay transaction is $150—but they can add up if shoppers use them frequently.<blockquote>付款计划规模很小——平均Afterpay交易为150美元——但如果购物者经常使用它们，它们可以累积起来。</blockquote> Credit-reporting firms have faced technical challenges adding short-term installment plans to credit reports. Most credit reports aren’t set up to display biweekly payments. And there is often a lag between when consumers open accounts and when lenders send that information for inclusion in people’s credit reports. The lag can outlast a fast repayment period.<blockquote>信用报告公司在信用报告中添加短期分期付款计划时面临着技术挑战。大多数信用报告并未设置为显示每两周付款一次。消费者开设账户和贷方发送该信息以纳入人们的信用报告之间通常存在滞后。这种滞后可能会超过快速还款期。</blockquote> Some buy now, pay later installment loans for big-ticket items are recorded on credit reports in the same section as personal loans. Far fewer of these smaller, short-term plans, which in most cases don’t require credit checks, are reflected in credit reports.<blockquote>一些先买后付的大件商品分期贷款与个人贷款记录在信用报告的同一部分。这些规模较小的短期计划（在大多数情况下不需要信用检查）很少反映在信用报告中。</blockquote> TransUnion&nbsp;said it doesn’t include these plans on its credit reports but is working with buy now, pay later companies to enable reporting next year. A small number of buy now, pay later companies submit information about these plans to&nbsp;Experian&nbsp;PLC, which then includes that data in credit reports. Experian is working with buy now, pay later firms to add more of this information to its reports.<blockquote>TransUnion表示，它没有将这些计划纳入其信用报告中，但正在与“先买后付”公司合作，以便明年进行报告。少数先买后付的公司向Experian plc提交有关这些计划的信息，然后Experian plc将这些数据包含在信用报告中。益百利正在与“先买后付”公司合作，在其报告中添加更多此类信息。</blockquote> Afterpay and Klarna, two of the biggest players in the business, don’t report their pay-in-4 plans to U.S. credit-reporting firms.Affirm Holdings&nbsp;Inc.&nbsp;said it reports the full payment history of some of its loans, including on-time payments and delinquencies. The company doesn’t report its pay-in-4 product. All three said they have been talking to the firms about potentially reporting these plans.<blockquote>该行业最大的两家公司Afterpay和Klarna不向美国信用报告公司报告其4期付款计划。Affirm Holdings Inc.表示，它报告了部分贷款的完整付款历史记录，包括按时付款和拖欠。该公司没有报告其pay-in-4产品。三人都表示，他们一直在与这些公司讨论报告这些计划的可能性。</blockquote> One stumbling block: The frequent opening and closing of accounts can drag down credit scores. The buy now, pay later companies want to make sure customers who pay their bills on time aren’t penalized for frequent use of their short-term payment plans.<blockquote>一个绊脚石：频繁开户和关闭账户会拖累信用评分。“先买后付”公司希望确保按时支付账单的客户不会因频繁使用短期付款计划而受到惩罚。</blockquote> Equifax will add the pay-in-4 data to credit reports beginning at the end of February. Both positive and negative information, on-time payments and defaults, will be included in reports and reflected in consumers’ credit scores, Equifax said.<blockquote>Equifax将从2月底开始将pay-in-4数据添加到信用报告中。Equifax表示，正面和负面信息（按时付款和违约）都将包含在报告中，并反映在消费者的信用评分中。</blockquote> Buy now, pay later plans are especially popular among people with limited credit histories who don’t qualify for credit cards or other traditional credit. These consumers, Equifax said, should get a boost from the plans’ inclusion on credit reports if they pay their bills on time.<blockquote>“先买后付”计划在信用记录有限、没有资格获得信用卡或其他传统信贷的人中特别受欢迎。Equifax表示，如果这些消费者按时支付账单，将这些计划纳入信用报告应该会得到提振。</blockquote> People who have thin credit files or who have no more than two years of credit history saw an average FICO credit-score increase of 21 points, according to an Equifax study, compared with an average of 13 points for the typical borrower.<blockquote>根据Equifax的一项研究，信用档案薄弱或信用记录不超过两年的人的FICO信用评分平均增加了21分，而典型借款人的平均增加了13分。</blockquote> The credit report will include when the payment plan was opened, the scheduled payment the consumer has agreed to make and the actual payment that is made.<blockquote>信用报告将包括付款计划打开的时间、消费者同意支付的预定付款以及实际支付的款项。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/equifax-to-add-more-buy-now-pay-later-plans-to-credit-reports-11639915203?mod=hp_lista_pos4\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EFX":"艾可菲"},"source_url":"https://www.wsj.com/articles/equifax-to-add-more-buy-now-pay-later-plans-to-credit-reports-11639915203?mod=hp_lista_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153903024","content_text":"Short-term payment plans for small-ticket items are growing quickly, creating a blind spot for lenders\nEarly next year, Equifax will begin recording ‘pay-in-4’ installment plans on people’s credit reports.\nA popular kind of “buy now, pay later” plan is coming to credit reports.\nEarly next year,Equifax Inc. will begin recording installment plans that allow shoppers to make four biweekly payments instead of covering the full cost at checkout. The move is meant to give lenders a fuller picture of people’s financial commitments, including how much they owe on these plans.\nThese “pay-in-4” plans have exploded in popularity in recent years. They are often used for small-ticket items such as clothing and makeup and are typically billed directly to a shopper’s debit or credit card. A $200 shopping trip, for example, requires $50 upfront and three more $50 payments billed every two weeks.\nBuy now, pay later is booming in the U.S. High-end and discount retailers alike offer the plans at checkout online. Some merchants also offer them in stores. But the plans often don’t show up on credit reports, creating a blind spot for lenders that use the information on the reports to gauge an applicant’s ability to repay.\n“Responsible lending benefits from a complete picture of a person’s financial obligations,” said Equifax Chief Executive Mark Begor.\nBillions of dollars of obligations go unreported. Buy now, pay later company Afterpay Ltd., for example, did $9.8 billion in pay-in-4 plans in North America during the 12 months ended June 30, more than double a year earlier. Klarna Bank AB transactions during the first half of the year in the U.S. totaled $3.2 billion, up from $722 million during the same period in 2020. The majority are pay-in-4 plans.\nThe payment plans are small—the average Afterpay transaction is $150—but they can add up if shoppers use them frequently.\nCredit-reporting firms have faced technical challenges adding short-term installment plans to credit reports. Most credit reports aren’t set up to display biweekly payments. And there is often a lag between when consumers open accounts and when lenders send that information for inclusion in people’s credit reports. The lag can outlast a fast repayment period.\nSome buy now, pay later installment loans for big-ticket items are recorded on credit reports in the same section as personal loans. Far fewer of these smaller, short-term plans, which in most cases don’t require credit checks, are reflected in credit reports.\nTransUnion said it doesn’t include these plans on its credit reports but is working with buy now, pay later companies to enable reporting next year. A small number of buy now, pay later companies submit information about these plans to Experian PLC, which then includes that data in credit reports. Experian is working with buy now, pay later firms to add more of this information to its reports.\nAfterpay and Klarna, two of the biggest players in the business, don’t report their pay-in-4 plans to U.S. credit-reporting firms.Affirm Holdings Inc. said it reports the full payment history of some of its loans, including on-time payments and delinquencies. The company doesn’t report its pay-in-4 product. All three said they have been talking to the firms about potentially reporting these plans.\nOne stumbling block: The frequent opening and closing of accounts can drag down credit scores. The buy now, pay later companies want to make sure customers who pay their bills on time aren’t penalized for frequent use of their short-term payment plans.\nEquifax will add the pay-in-4 data to credit reports beginning at the end of February. Both positive and negative information, on-time payments and defaults, will be included in reports and reflected in consumers’ credit scores, Equifax said.\nBuy now, pay later plans are especially popular among people with limited credit histories who don’t qualify for credit cards or other traditional credit. These consumers, Equifax said, should get a boost from the plans’ inclusion on credit reports if they pay their bills on time.\nPeople who have thin credit files or who have no more than two years of credit history saw an average FICO credit-score increase of 21 points, according to an Equifax study, compared with an average of 13 points for the typical borrower.\nThe credit report will include when the payment plan was opened, the scheduled payment the consumer has agreed to make and the actual payment that is made.","news_type":1,"symbols_score_info":{"EFX":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":693077871,"gmtCreate":1639956228462,"gmtModify":1639956228579,"author":{"id":"3581754084854007","authorId":"3581754084854007","name":"7dab6d0","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581754084854007","authorIdStr":"3581754084854007"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/693077871","repostId":1153903024,"repostType":4,"repost":{"id":"1153903024","kind":"news","pubTimestamp":1639955984,"share":"https://www.laohu8.com/m/news/1153903024?lang=zh_CN&edition=full","pubTime":"2021-12-20 07:19","market":"us","language":"en","title":"Equifax to Add More ‘Buy Now, Pay Later’ Plans to Credit Reports<blockquote>Equifax将在信用报告中添加更多“先买后付”计划</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153903024","media":"The Wall Street Journal","summary":"Short-term payment plans for small-ticket items are growing quickly, creating a blind spot for lende","content":"Short-term payment plans for small-ticket items are growing quickly, creating a blind spot for lenders<blockquote>小额项目的短期付款计划增长迅速，给贷方带来了盲点</blockquote> <img src=\"https://static.tigerbbs.com/ece6d96b441ee27bfda58fca9763be17\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">Early next year, Equifax will begin recording ‘pay-in-4’ installment plans on people’s credit reports.<blockquote>明年初，Equifax将开始在人们的信用报告中记录“4次付款”分期付款计划。</blockquote> A popular kind of “buy now, pay later” plan is coming to credit reports.<blockquote>一种流行的“先买后付”计划即将出现在信用报告中。</blockquote> Early next year,Equifax&nbsp;Inc.&nbsp;will begin recording installment plans that allow shoppers to make four biweekly payments instead of covering the full cost at checkout. The move is meant to give lenders a fuller picture of people’s financial commitments, including how much they owe on these plans.<blockquote>明年初，Equifax Inc.将开始记录分期付款计划，允许购物者每两周一次付款，而不是在结账时支付全部费用。此举旨在让贷方更全面地了解人们的财务承诺，包括他们在这些计划中欠了多少钱。</blockquote> These “pay-in-4” plans have exploded in popularity in recent years. They are often used for small-ticket items such as clothing and makeup and are typically billed directly to a shopper’s debit or credit card. A $200 shopping trip, for example, requires $50 upfront and three more $50 payments billed every two weeks.<blockquote>近年来，这些“四次付费”计划大受欢迎。它们通常用于服装和化妆品等小额商品，通常直接记入购物者的借记卡或信用卡。例如，一次200美元的购物旅行需要预付50美元，每两周再支付三次50美元的费用。</blockquote> Buy now, pay later is booming&nbsp;in the U.S. High-end and discount retailers alike&nbsp;offer the plans at checkout&nbsp;online. Some merchants also offer them in stores. But the plans often don’t show up on credit reports, creating a blind spot for lenders that use the information on the reports to gauge an applicant’s ability to repay.<blockquote>“先买后付”在美国正在蓬勃发展。高端零售商和折扣零售商都提供在线结账计划。一些商家也在商店里提供。但这些计划通常不会出现在信用报告上，这给使用报告上的信息来衡量申请人还款能力的贷方造成了盲点。</blockquote> “Responsible lending benefits from a complete picture of a person’s financial obligations,” said Equifax Chief Executive Mark Begor.<blockquote>Equifax首席执行官马克·贝戈尔(Mark Begor)表示：“负责任的贷款受益于对个人财务义务的完整了解。”</blockquote> Billions of dollars of obligations go unreported. Buy now, pay later company&nbsp;Afterpay&nbsp;Ltd., for example, did $9.8 billion in pay-in-4 plans in North America during the 12 months ended June 30, more than double a year earlier. Klarna Bank AB transactions during the first half of the year in the U.S. totaled $3.2 billion, up from $722 million during the same period in 2020. The majority are pay-in-4 plans.<blockquote>数十亿美元的债务没有被报告。例如，先买后付公司Afterpay Ltd.在截至6月30日的12个月内，在北美的四期付款计划中完成了98亿美元，是一年前的两倍多。Klarna Bank AB今年上半年在美国的交易总额为32亿美元，高于2020年同期的7.22亿美元。大多数是四次付费计划。</blockquote> The payment plans are small—the average Afterpay transaction is $150—but they can add up if shoppers use them frequently.<blockquote>付款计划规模很小——平均Afterpay交易为150美元——但如果购物者经常使用它们，它们可以累积起来。</blockquote> Credit-reporting firms have faced technical challenges adding short-term installment plans to credit reports. Most credit reports aren’t set up to display biweekly payments. And there is often a lag between when consumers open accounts and when lenders send that information for inclusion in people’s credit reports. The lag can outlast a fast repayment period.<blockquote>信用报告公司在信用报告中添加短期分期付款计划时面临着技术挑战。大多数信用报告并未设置为显示每两周付款一次。消费者开设账户和贷方发送该信息以纳入人们的信用报告之间通常存在滞后。这种滞后可能会超过快速还款期。</blockquote> Some buy now, pay later installment loans for big-ticket items are recorded on credit reports in the same section as personal loans. Far fewer of these smaller, short-term plans, which in most cases don’t require credit checks, are reflected in credit reports.<blockquote>一些先买后付的大件商品分期贷款与个人贷款记录在信用报告的同一部分。这些规模较小的短期计划（在大多数情况下不需要信用检查）很少反映在信用报告中。</blockquote> TransUnion&nbsp;said it doesn’t include these plans on its credit reports but is working with buy now, pay later companies to enable reporting next year. A small number of buy now, pay later companies submit information about these plans to&nbsp;Experian&nbsp;PLC, which then includes that data in credit reports. Experian is working with buy now, pay later firms to add more of this information to its reports.<blockquote>TransUnion表示，它没有将这些计划纳入其信用报告中，但正在与“先买后付”公司合作，以便明年进行报告。少数先买后付的公司向Experian plc提交有关这些计划的信息，然后Experian plc将这些数据包含在信用报告中。益百利正在与“先买后付”公司合作，在其报告中添加更多此类信息。</blockquote> Afterpay and Klarna, two of the biggest players in the business, don’t report their pay-in-4 plans to U.S. credit-reporting firms.Affirm Holdings&nbsp;Inc.&nbsp;said it reports the full payment history of some of its loans, including on-time payments and delinquencies. The company doesn’t report its pay-in-4 product. All three said they have been talking to the firms about potentially reporting these plans.<blockquote>该行业最大的两家公司Afterpay和Klarna不向美国信用报告公司报告其4期付款计划。Affirm Holdings Inc.表示，它报告了部分贷款的完整付款历史记录，包括按时付款和拖欠。该公司没有报告其pay-in-4产品。三人都表示，他们一直在与这些公司讨论报告这些计划的可能性。</blockquote> One stumbling block: The frequent opening and closing of accounts can drag down credit scores. The buy now, pay later companies want to make sure customers who pay their bills on time aren’t penalized for frequent use of their short-term payment plans.<blockquote>一个绊脚石：频繁开户和关闭账户会拖累信用评分。“先买后付”公司希望确保按时支付账单的客户不会因频繁使用短期付款计划而受到惩罚。</blockquote> Equifax will add the pay-in-4 data to credit reports beginning at the end of February. Both positive and negative information, on-time payments and defaults, will be included in reports and reflected in consumers’ credit scores, Equifax said.<blockquote>Equifax将从2月底开始将pay-in-4数据添加到信用报告中。Equifax表示，正面和负面信息（按时付款和违约）都将包含在报告中，并反映在消费者的信用评分中。</blockquote> Buy now, pay later plans are especially popular among people with limited credit histories who don’t qualify for credit cards or other traditional credit. These consumers, Equifax said, should get a boost from the plans’ inclusion on credit reports if they pay their bills on time.<blockquote>“先买后付”计划在信用记录有限、没有资格获得信用卡或其他传统信贷的人中特别受欢迎。Equifax表示，如果这些消费者按时支付账单，将这些计划纳入信用报告应该会得到提振。</blockquote> People who have thin credit files or who have no more than two years of credit history saw an average FICO credit-score increase of 21 points, according to an Equifax study, compared with an average of 13 points for the typical borrower.<blockquote>根据Equifax的一项研究，信用档案薄弱或信用记录不超过两年的人的FICO信用评分平均增加了21分，而典型借款人的平均增加了13分。</blockquote> The credit report will include when the payment plan was opened, the scheduled payment the consumer has agreed to make and the actual payment that is made.<blockquote>信用报告将包括付款计划打开的时间、消费者同意支付的预定付款以及实际支付的款项。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Equifax to Add More ‘Buy Now, Pay Later’ Plans to Credit Reports<blockquote>Equifax将在信用报告中添加更多“先买后付”计划</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEquifax to Add More ‘Buy Now, Pay Later’ Plans to Credit Reports<blockquote>Equifax将在信用报告中添加更多“先买后付”计划</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-12-20 07:19\n\n</h4>\n</header>\n<article>\nShort-term payment plans for small-ticket items are growing quickly, creating a blind spot for lenders<blockquote>小额项目的短期付款计划增长迅速，给贷方带来了盲点</blockquote> <img src=\"https://static.tigerbbs.com/ece6d96b441ee27bfda58fca9763be17\" tg-width=\"1290\" tg-height=\"859\" width=\"100%\" height=\"auto\">Early next year, Equifax will begin recording ‘pay-in-4’ installment plans on people’s credit reports.<blockquote>明年初，Equifax将开始在人们的信用报告中记录“4次付款”分期付款计划。</blockquote> A popular kind of “buy now, pay later” plan is coming to credit reports.<blockquote>一种流行的“先买后付”计划即将出现在信用报告中。</blockquote> Early next year,Equifax&nbsp;Inc.&nbsp;will begin recording installment plans that allow shoppers to make four biweekly payments instead of covering the full cost at checkout. The move is meant to give lenders a fuller picture of people’s financial commitments, including how much they owe on these plans.<blockquote>明年初，Equifax Inc.将开始记录分期付款计划，允许购物者每两周一次付款，而不是在结账时支付全部费用。此举旨在让贷方更全面地了解人们的财务承诺，包括他们在这些计划中欠了多少钱。</blockquote> These “pay-in-4” plans have exploded in popularity in recent years. They are often used for small-ticket items such as clothing and makeup and are typically billed directly to a shopper’s debit or credit card. A $200 shopping trip, for example, requires $50 upfront and three more $50 payments billed every two weeks.<blockquote>近年来，这些“四次付费”计划大受欢迎。它们通常用于服装和化妆品等小额商品，通常直接记入购物者的借记卡或信用卡。例如，一次200美元的购物旅行需要预付50美元，每两周再支付三次50美元的费用。</blockquote> Buy now, pay later is booming&nbsp;in the U.S. High-end and discount retailers alike&nbsp;offer the plans at checkout&nbsp;online. Some merchants also offer them in stores. But the plans often don’t show up on credit reports, creating a blind spot for lenders that use the information on the reports to gauge an applicant’s ability to repay.<blockquote>“先买后付”在美国正在蓬勃发展。高端零售商和折扣零售商都提供在线结账计划。一些商家也在商店里提供。但这些计划通常不会出现在信用报告上，这给使用报告上的信息来衡量申请人还款能力的贷方造成了盲点。</blockquote> “Responsible lending benefits from a complete picture of a person’s financial obligations,” said Equifax Chief Executive Mark Begor.<blockquote>Equifax首席执行官马克·贝戈尔(Mark Begor)表示：“负责任的贷款受益于对个人财务义务的完整了解。”</blockquote> Billions of dollars of obligations go unreported. Buy now, pay later company&nbsp;Afterpay&nbsp;Ltd., for example, did $9.8 billion in pay-in-4 plans in North America during the 12 months ended June 30, more than double a year earlier. Klarna Bank AB transactions during the first half of the year in the U.S. totaled $3.2 billion, up from $722 million during the same period in 2020. The majority are pay-in-4 plans.<blockquote>数十亿美元的债务没有被报告。例如，先买后付公司Afterpay Ltd.在截至6月30日的12个月内，在北美的四期付款计划中完成了98亿美元，是一年前的两倍多。Klarna Bank AB今年上半年在美国的交易总额为32亿美元，高于2020年同期的7.22亿美元。大多数是四次付费计划。</blockquote> The payment plans are small—the average Afterpay transaction is $150—but they can add up if shoppers use them frequently.<blockquote>付款计划规模很小——平均Afterpay交易为150美元——但如果购物者经常使用它们，它们可以累积起来。</blockquote> Credit-reporting firms have faced technical challenges adding short-term installment plans to credit reports. Most credit reports aren’t set up to display biweekly payments. And there is often a lag between when consumers open accounts and when lenders send that information for inclusion in people’s credit reports. The lag can outlast a fast repayment period.<blockquote>信用报告公司在信用报告中添加短期分期付款计划时面临着技术挑战。大多数信用报告并未设置为显示每两周付款一次。消费者开设账户和贷方发送该信息以纳入人们的信用报告之间通常存在滞后。这种滞后可能会超过快速还款期。</blockquote> Some buy now, pay later installment loans for big-ticket items are recorded on credit reports in the same section as personal loans. Far fewer of these smaller, short-term plans, which in most cases don’t require credit checks, are reflected in credit reports.<blockquote>一些先买后付的大件商品分期贷款与个人贷款记录在信用报告的同一部分。这些规模较小的短期计划（在大多数情况下不需要信用检查）很少反映在信用报告中。</blockquote> TransUnion&nbsp;said it doesn’t include these plans on its credit reports but is working with buy now, pay later companies to enable reporting next year. A small number of buy now, pay later companies submit information about these plans to&nbsp;Experian&nbsp;PLC, which then includes that data in credit reports. Experian is working with buy now, pay later firms to add more of this information to its reports.<blockquote>TransUnion表示，它没有将这些计划纳入其信用报告中，但正在与“先买后付”公司合作，以便明年进行报告。少数先买后付的公司向Experian plc提交有关这些计划的信息，然后Experian plc将这些数据包含在信用报告中。益百利正在与“先买后付”公司合作，在其报告中添加更多此类信息。</blockquote> Afterpay and Klarna, two of the biggest players in the business, don’t report their pay-in-4 plans to U.S. credit-reporting firms.Affirm Holdings&nbsp;Inc.&nbsp;said it reports the full payment history of some of its loans, including on-time payments and delinquencies. The company doesn’t report its pay-in-4 product. All three said they have been talking to the firms about potentially reporting these plans.<blockquote>该行业最大的两家公司Afterpay和Klarna不向美国信用报告公司报告其4期付款计划。Affirm Holdings Inc.表示，它报告了部分贷款的完整付款历史记录，包括按时付款和拖欠。该公司没有报告其pay-in-4产品。三人都表示，他们一直在与这些公司讨论报告这些计划的可能性。</blockquote> One stumbling block: The frequent opening and closing of accounts can drag down credit scores. The buy now, pay later companies want to make sure customers who pay their bills on time aren’t penalized for frequent use of their short-term payment plans.<blockquote>一个绊脚石：频繁开户和关闭账户会拖累信用评分。“先买后付”公司希望确保按时支付账单的客户不会因频繁使用短期付款计划而受到惩罚。</blockquote> Equifax will add the pay-in-4 data to credit reports beginning at the end of February. Both positive and negative information, on-time payments and defaults, will be included in reports and reflected in consumers’ credit scores, Equifax said.<blockquote>Equifax将从2月底开始将pay-in-4数据添加到信用报告中。Equifax表示，正面和负面信息（按时付款和违约）都将包含在报告中，并反映在消费者的信用评分中。</blockquote> Buy now, pay later plans are especially popular among people with limited credit histories who don’t qualify for credit cards or other traditional credit. These consumers, Equifax said, should get a boost from the plans’ inclusion on credit reports if they pay their bills on time.<blockquote>“先买后付”计划在信用记录有限、没有资格获得信用卡或其他传统信贷的人中特别受欢迎。Equifax表示，如果这些消费者按时支付账单，将这些计划纳入信用报告应该会得到提振。</blockquote> People who have thin credit files or who have no more than two years of credit history saw an average FICO credit-score increase of 21 points, according to an Equifax study, compared with an average of 13 points for the typical borrower.<blockquote>根据Equifax的一项研究，信用档案薄弱或信用记录不超过两年的人的FICO信用评分平均增加了21分，而典型借款人的平均增加了13分。</blockquote> The credit report will include when the payment plan was opened, the scheduled payment the consumer has agreed to make and the actual payment that is made.<blockquote>信用报告将包括付款计划打开的时间、消费者同意支付的预定付款以及实际支付的款项。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/equifax-to-add-more-buy-now-pay-later-plans-to-credit-reports-11639915203?mod=hp_lista_pos4\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EFX":"艾可菲"},"source_url":"https://www.wsj.com/articles/equifax-to-add-more-buy-now-pay-later-plans-to-credit-reports-11639915203?mod=hp_lista_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153903024","content_text":"Short-term payment plans for small-ticket items are growing quickly, creating a blind spot for lenders\nEarly next year, Equifax will begin recording ‘pay-in-4’ installment plans on people’s credit reports.\nA popular kind of “buy now, pay later” plan is coming to credit reports.\nEarly next year,Equifax Inc. will begin recording installment plans that allow shoppers to make four biweekly payments instead of covering the full cost at checkout. The move is meant to give lenders a fuller picture of people’s financial commitments, including how much they owe on these plans.\nThese “pay-in-4” plans have exploded in popularity in recent years. They are often used for small-ticket items such as clothing and makeup and are typically billed directly to a shopper’s debit or credit card. A $200 shopping trip, for example, requires $50 upfront and three more $50 payments billed every two weeks.\nBuy now, pay later is booming in the U.S. High-end and discount retailers alike offer the plans at checkout online. Some merchants also offer them in stores. But the plans often don’t show up on credit reports, creating a blind spot for lenders that use the information on the reports to gauge an applicant’s ability to repay.\n“Responsible lending benefits from a complete picture of a person’s financial obligations,” said Equifax Chief Executive Mark Begor.\nBillions of dollars of obligations go unreported. Buy now, pay later company Afterpay Ltd., for example, did $9.8 billion in pay-in-4 plans in North America during the 12 months ended June 30, more than double a year earlier. Klarna Bank AB transactions during the first half of the year in the U.S. totaled $3.2 billion, up from $722 million during the same period in 2020. The majority are pay-in-4 plans.\nThe payment plans are small—the average Afterpay transaction is $150—but they can add up if shoppers use them frequently.\nCredit-reporting firms have faced technical challenges adding short-term installment plans to credit reports. Most credit reports aren’t set up to display biweekly payments. And there is often a lag between when consumers open accounts and when lenders send that information for inclusion in people’s credit reports. The lag can outlast a fast repayment period.\nSome buy now, pay later installment loans for big-ticket items are recorded on credit reports in the same section as personal loans. Far fewer of these smaller, short-term plans, which in most cases don’t require credit checks, are reflected in credit reports.\nTransUnion said it doesn’t include these plans on its credit reports but is working with buy now, pay later companies to enable reporting next year. A small number of buy now, pay later companies submit information about these plans to Experian PLC, which then includes that data in credit reports. Experian is working with buy now, pay later firms to add more of this information to its reports.\nAfterpay and Klarna, two of the biggest players in the business, don’t report their pay-in-4 plans to U.S. credit-reporting firms.Affirm Holdings Inc. said it reports the full payment history of some of its loans, including on-time payments and delinquencies. The company doesn’t report its pay-in-4 product. All three said they have been talking to the firms about potentially reporting these plans.\nOne stumbling block: The frequent opening and closing of accounts can drag down credit scores. The buy now, pay later companies want to make sure customers who pay their bills on time aren’t penalized for frequent use of their short-term payment plans.\nEquifax will add the pay-in-4 data to credit reports beginning at the end of February. Both positive and negative information, on-time payments and defaults, will be included in reports and reflected in consumers’ credit scores, Equifax said.\nBuy now, pay later plans are especially popular among people with limited credit histories who don’t qualify for credit cards or other traditional credit. These consumers, Equifax said, should get a boost from the plans’ inclusion on credit reports if they pay their bills on time.\nPeople who have thin credit files or who have no more than two years of credit history saw an average FICO credit-score increase of 21 points, according to an Equifax study, compared with an average of 13 points for the typical borrower.\nThe credit report will include when the payment plan was opened, the scheduled payment the consumer has agreed to make and the actual payment that is made.","news_type":1,"symbols_score_info":{"EFX":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7047825,"gmtCreate":1639958528968,"gmtModify":1639958529001,"authorId":3578040476775865,"author":{"id":3578040476775865,"idStr":"3578040476775865","authorId":3578040476775865,"name":"31274cd1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":693077871,"type":1,"supId":7047359,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":7047508,"gmtCreate":1639957146329,"gmtModify":1639957146422,"authorId":3577580458147788,"author":{"id":3577580458147788,"idStr":"3577580458147788","authorId":3577580458147788,"name":"fysx49","avatar":"https://static.tigerbbs.com/fe5937c0ada861e9603ef8a12ae3e445","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":693077871,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":7047359,"gmtCreate":1639956662474,"gmtModify":1639956662601,"authorId":3572817570586604,"author":{"id":3572817570586604,"idStr":"3572817570586604","authorId":3572817570586604,"name":"AlphaKK","avatar":"https://static.tigerbbs.com/31614816d2f82318ead2a8b020b02b0f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":693077871,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":7047302,"gmtCreate":1639956338425,"gmtModify":1639956338425,"authorId":3576928267169380,"author":{"id":3576928267169380,"idStr":"3576928267169380","authorId":3576928267169380,"name":"homosapien","avatar":"https://static.tigerbbs.com/58b52c9540881c11f284c6fe7a066ac6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":693077871,"type":1,"supId":0,"prevId":0,"content":"🆗","text":"🆗","html":"🆗"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":95,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}