Installment purchases included in credit scoring calculations

Installment purchase payments will affect individuals’ credit evaluations, Manshur reports. Manshur says that in addition to loan repayment history, bounced checks and other financial records, the way people pay installment plans for credit purchases is now considered in credit assessments. Manshur adds that late payments on installment-platform purchases can therefore influence a person’s credit standing. (Source: Akhbar-e Fori)