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FICO to incorporate buy-now-pay-later loans into credit scores

(www.axios.com)
277 points cebert | 2 comments | 24 Jun 25 00:03 UTC | HN request time: 0.486s | source
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jppope ◴[24 Jun 25 00:24 UTC] No.44361613[source]▶
thats interesting. I was always wondering what the hustle was, guess that was it- it was outside of the credit system
replies(2): >>44361668 #>>44361750 #
1. loeg ◴[24 Jun 25 00:45 UTC] No.44361750[source]▶
The hustle is mostly just getting merchants to eat bigger discounts in hope of selling more volume. Instead of eating ~3% interchange on a credit card, merchants eat ~6% subsidizing short-term BNPL loans.
replies(1): >>44368206 #
2. banannaise ◴[24 Jun 25 16:50 UTC] No.44368206[source]▶
Well, they're also doing the old "burn through VC cash in the name of growth" thing.