Affirm Expands Credit Reporting with Experian to Include All Pay-Over-Time Products
Affirm Holdings (NASDAQ: AFRM) announced the expansion of its credit reporting partnership with Experian, set to include all pay-over-time products starting April 1, 2025. This industry-leading initiative will encompass reporting of all loan products, including Pay in 4 and longer-term installment loans.
While the new loan reporting won't immediately impact traditional credit scores, it may be incorporated into future credit scoring models. The move aims to enhance transparency in the buy now, pay later (BNPL) industry and support more informed lending decisions. Consumers will be able to view all Affirm loans issued from April 2025 onward on their Experian credit files.
Affirm plans to collaborate with other credit reporting agencies to furnish all loan products, demonstrating their commitment to responsible lending practices and consumer financial empowerment.
Affirm Holdings (NASDAQ: AFRM) ha annunciato l'espansione della sua partnership per la segnalazione di credito con Experian, che includerà tutti i prodotti di pagamento rateale a partire dal 1 aprile 2025. Questa iniziativa leader nel settore comprenderà la segnalazione di tutti i prodotti di prestito, inclusi i piani di pagamento in 4 rate e prestiti a lungo termine.
Sebbene la nuova segnalazione dei prestiti non influenzerà immediatamente i punteggi di credito tradizionali, potrebbe essere incorporata nei futuri modelli di scoring del credito. Questa mossa mira a migliorare la trasparenza nell'industria del compra ora, paga dopo (BNPL) e supportare decisioni di prestito più informate. I consumatori potranno visualizzare tutti i prestiti Affirm emessi dal 2025 in poi nei loro file di credito Experian.
Affirm prevede di collaborare con altre agenzie di reporting creditizio per fornire tutti i prodotti di prestito, dimostrando il proprio impegno verso pratiche di prestito responsabili e l'empowerment finanziario dei consumatori.
Affirm Holdings (NASDAQ: AFRM) anunció la expansión de su asociación de informes crediticios con Experian, que incluirá todos los productos de pago a plazos a partir del 1 de abril de 2025. Esta iniciativa líder en la industria abarcará la presentación de informes de todos los productos de préstamo, incluidos los planes de pago en 4 y los préstamos a largo plazo.
Si bien la nueva presentación de informes de préstamos no afectará inmediatamente los puntajes de crédito tradicionales, podría incorporarse en futuros modelos de puntuación crediticia. Este movimiento tiene como objetivo mejorar la transparencia en la industria de compra ahora, paga después (BNPL) y apoyar decisiones de préstamo más informadas. Los consumidores podrán ver todos los préstamos de Affirm emitidos a partir de abril de 2025 en sus archivos de crédito de Experian.
Affirm planea colaborar con otras agencias de informes crediticios para proporcionar todos los productos de préstamo, demostrando su compromiso con prácticas de préstamo responsables y el empoderamiento financiero de los consumidores.
Affirm Holdings (NASDAQ: AFRM)는 Experian과의 신용 보고 파트너십을 확장하여 2025년 4월 1일부터 모든 분할 지불 제품을 포함한다고 발표했습니다. 이 업계 선도적인 이니셔티브는 4회 분할 결제 및 장기 할부 대출을 포함한 모든 대출 제품의 보고를 포함할 것입니다.
새로운 대출 보고가 전통적인 신용 점수에 즉각적인 영향을 미치지는 않지만, 향후 신용 점수 모델에 통합될 수 있습니다. 이 조치는 지금 구매하고 나중에 지불하는 (BNPL) 산업의 투명성을 높이고 보다 정보에 기반한 대출 결정을 지원하는 것을 목표로 합니다. 소비자는 2025년 4월 이후 발급된 모든 Affirm 대출을 Experian 신용 파일에서 확인할 수 있습니다.
Affirm은 모든 대출 제품을 제공하기 위해 다른 신용 보고 기관과 협력할 계획이며, 이는 책임 있는 대출 관행과 소비자 금융 권한 부여에 대한 의지를 보여줍니다.
Affirm Holdings (NASDAQ: AFRM) a annoncé l'expansion de son partenariat en matière de rapport de crédit avec Experian, qui inclura tous les produits de paiement échelonné à partir du 1er avril 2025. Cette initiative de premier plan dans l'industrie comprendra le rapport de tous les produits de prêt, y compris le paiement en 4 et les prêts à long terme.
Bien que le nouveau rapport de prêt n'impacte pas immédiatement les scores de crédit traditionnels, il pourrait être intégré dans de futurs modèles de notation de crédit. Cette démarche vise à renforcer la transparence dans l'industrie du
Affirm Holdings (NASDAQ: AFRM) gab die Erweiterung seiner Partnerschaft für Kreditberichterstattung mit Experian bekannt, die ab dem 1. April 2025 alle Produkte für Ratenzahlungen umfassen wird. Diese branchenführende Initiative wird die Berichterstattung über alle Kreditprodukte, einschließlich Pay in 4 und langfristige Ratenkredite, umfassen.
Obwohl die neue Kreditberichterstattung nicht sofort die traditionellen Kreditwerte beeinflussen wird, könnte sie in zukünftige Kreditbewertungsmodelle integriert werden. Der Schritt zielt darauf ab, die Transparenz in der Branche „Jetzt kaufen, später bezahlen“ (BNPL) zu erhöhen und fundiertere Kreditentscheidungen zu unterstützen. Verbraucher werden in der Lage sein, alle von Affirm ab April 2025 ausgegebenen Kredite in ihren Experian-Kreditakten einzusehen.
Affirm plant, mit anderen Kreditberichterstattungsagenturen zusammenzuarbeiten, um alle Kreditprodukte bereitzustellen, und zeigt damit sein Engagement für verantwortungsvolle Kreditpraktiken und die finanzielle Stärkung der Verbraucher.
- Enhanced transparency in credit reporting may lead to better lending decisions
- Potential for improved consumer credit building opportunities
- Industry-leading position in BNPL credit reporting practices
- Implementation delayed until April 2025
- No immediate impact on traditional credit scores
- to one credit bureau (Experian) initially
Insights
Affirm's decision to expand credit reporting to Experian for all pay-over-time products represents a significant strategic shift with mixed implications. While positioned as consumer-friendly, this move signals Affirm's effort to further legitimize BNPL products in the broader financial ecosystem.
From a business perspective, this expansion creates a competitive differentiator as Affirm becomes an industry leader in comprehensive credit reporting. This could attract financially-conscious consumers who value building credit history through everyday purchases. The timing - April 1, 2025 - provides adequate implementation runway.
However, this strategy carries calculated risks. Some consumers choose BNPL products specifically because they don't impact credit scores. Affirm may lose this segment as these arrangements become more similar to traditional credit products. The company is betting that transparency benefits outweigh potential customer attrition.
This move also positions Affirm favorably amid increasing regulatory scrutiny of BNPL providers. By proactively enhancing reporting practices, Affirm demonstrates commitment to responsible lending, potentially mitigating future regulatory pressures.
The partnership with Experian strengthens Affirm's ecosystem integration while creating valuable data assets that may drive future product innovations. Long-term benefits likely include reduced default rates as consumers become more accountable for repayment across all BNPL transaction types.
Affirm's expanded credit reporting represents a pivotal evolution in how BNPL products integrate with the broader credit ecosystem. The inclusion of shorter-term products like Pay in 4 alongside longer installment loans addresses a significant transparency gap in consumer credit profiles.
For consumers, this creates a double-edged sword. Those seeking to establish or rebuild credit histories gain new opportunities through everyday purchases. However, consumers must now approach all Affirm transactions with greater consideration, recognizing these will create permanent credit record entries even for smaller purchases.
Currently, BNPL usage often creates invisible debt obligations across multiple providers, potentially leading to overextension. Affirm's comprehensive reporting helps address this "invisibility problem" that has concerned regulators. When other providers follow suit, lenders will gain important visibility into total BNPL obligations when making credit decisions.
While the reporting won't immediately impact traditional credit scores, this creates a foundation for next-generation scoring models that better incorporate alternative payment data. The Experian partnership signals an industry maturation, with BNPL gradually adopting conventional credit standards while maintaining its distinctive consumer appeal.
This transition effectively bridges the gap between innovation and responsibility - maintaining BNPL convenience while addressing transparency concerns that have plagued the sector's rapid growth.
New move advances efforts to help consumers build credit histories and support positive credit outcomes
By furnishing information about all of its pay-over-time transactions to Experian, Affirm is helping to drive greater transparency and responsible lending. The industry-leading move will enable consumers and lenders to make more informed decisions and help consumers build their credit histories.
“Affirm operates on the principles of transparency and putting consumers first, which is why we have been actively engaged with Experian and across our industry to build upon our credit reporting practices,” said Libor Michalek, President at Affirm. “Having all loans reflected in a consumer’s financial profile will help protect and empower borrowers. The buy now, pay later industry must evolve from simply providing flexible payment options to helping consumers build their credit histories and better manage their finances, and we are pleased to be taking this step with Experian.”
“Greater transparency in buy now, pay later activity is key to helping consumers build their credit histories and supporting responsible lending,” said Scott Brown, Group President, Financial Services, Experian North America. “We have a longstanding history working with Affirm and applaud them for expanding the reporting of their pay-over-time products. This is the right thing to do for consumers, the industry and the economy at large. Our role as the first credit reporting agency to establish this partnership with Affirm underscores our shared commitment to improve consumer financial health and foster more informed lending decisions.”
Beginning April 1, 2025, Affirm plans to report to Experian all pay-over-time loan products issued from that date, including Pay in 4, in addition to its existing reporting of monthly installments of longer-term loans. The new loan reporting will not be factored into consumers’ traditional credit scores in the near term, but may in the future as new credit scoring models are developed.
With the new furnishing policy, consumers will be able to see on their Experian credit file information on all Affirm loans issued from April 1, 2025 onward. As more pay-over-time providers report account information to Experian, lenders who request Experian credit reports will also be able to see consumers’ pay-over-time history.
With these changes, Affirm and Experian aim to help support the responsible extension of credit by enabling lenders to make more informed decisions when determining whether to extend credit offers. Affirm will also work closely with other credit reporting agencies to furnish all loan products.
Consumers can receive an updated version of their Experian credit report at no cost daily by enrolling in a free membership and visiting www.experian.com or via Experian’s mobile app.
About Affirm
Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network – one based on trust, transparency and putting people first – we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X.
About Experian
Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and software. We also assist millions of people to realize their financial goals and help them to save time and money.
We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.
We invest in talented people and new advanced technologies to unlock the power of data and innovate. As an FTSE 100 Index company listed on the London Stock Exchange (EXPN), we have a team of 22,500 people across 32 countries. Our corporate headquarters are in
AFRM-A
View source version on businesswire.com: https://www.businesswire.com/news/home/20250319542289/en/
Affirm: press@affirm.com
Experian: amanda.garofalo@experian.com
Source: Affirm Holdings, Inc.
FAQ
When will Affirm (AFRM) start reporting all pay-over-time loans to Experian?
Will Affirm's expanded credit reporting affect consumers' credit scores?
What types of Affirm loans will be reported to Experian?
How will Affirm's expanded credit reporting benefit consumers?
