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

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277 points cebert | 13 comments | 24 Jun 25 00:03 UTC | HN request time: 0.59s | source | bottom
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PostOnce ◴[24 Jun 25 00:47 UTC] No.44361768[source]▶
Theoretically, credit should be used for one thing: to make more money. (not less)

However, instead of using it to buy or construct a machine to triple what you can produce in an hour, the average person is using it to delay having to work that hour at all, in exchange for having to work an hour and six minutes sometime later.

At some point, you run out of hours available and the house of cards collapses.

i.e., credit can buy time in the nearly literal sense, you can do an hour's work in half an hour because the money facilitates it, meaning you can now make more money. If instead of investing in work you're spending on play, then you end up with a time deficit.

or, e.g. you can buy 3 franchises in 3 months instead of 3 years (i.e. income from the 1 franchise), trading credit for time to make more money, instead of burning it. It'd have been nice had they taught me this in school.

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lm28469 ◴[24 Jun 25 08:48 UTC] No.44364104[source]▶
> the average person is using

The "average person" is told from birth to consume as many things and experiences as possible as it if was the only thing that could give their life a meaning. The entire system is based on growth and consumption, I have a hard time blaming "the average person"

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1. rayiner ◴[24 Jun 25 11:44 UTC] No.44365086[source]▶
There is no “system.” It’s all just people making choices. My wife puts straws in the dishwasher to reuse them. She grew up in America the same as everyone else.
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2. lm28469 ◴[24 Jun 25 12:04 UTC] No.44365239[source]▶
> It’s all just people making choices.

Yeah sure... and some people get together and make choices that impact other people ability to make choices, it really isn't rocket science.

If you think Zuckerbeg spending hundreds of millions a year to get the top XXX behavioural scientists to work on how to milk your attention span has the same impact as "my wife puts the straw in the washing machine to reuse them" I have bad news for you

idk how you call lobbies spending literal billions every year to make you think "cars are freedom", "debt is wealth", &c.

3. LinXitoW ◴[24 Jun 25 12:48 UTC] No.44365614[source]▶
There's no system the same way there's no Facebook, just some databases and servers. Or there's no Java language, it's all just UTF-8 characters. Or there's no government, there's just people voting for other people. Or there's no society, it's all just fancy apes existing and making decisions.

It's quite frankly ludicrous to be a software engineer and pretend systems don't arise from "individual" "independent" elements.

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4. 9rx ◴[24 Jun 25 15:09 UTC] No.44367085[source]▶
> Or there's no Java language, it's all just UTF-8 characters.

Some programming languages explicitly require UTF-8 in the language specification. Java is not one of them.

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5. RankingMember ◴[24 Jun 25 15:28 UTC] No.44367274[source]▶
The problem is some of us have way more weight to throw around than others, so in some cases one of those "people making choices" has as much impact as millions of people.

As a side-note, putting straws in the dishwasher doesn't do a very good job of cleaning the insides of them. Unfortunately, you've gotta faff with those little brushes.

6. lxgr ◴[24 Jun 25 16:29 UTC] No.44367946{3}[source]▶
As of Java 18, it is: https://openjdk.org/jeps/400
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7. 9rx ◴[24 Jun 25 16:35 UTC] No.44368007{4}[source]▶
That's not what your link says:

    The Java language allows source code to express Unicode
    characters in a UTF-16 encoding, and this is unaffected
    by the choice of UTF-8 for the default charset.
Perhaps you pasted the wrong one by mistake?

Not that such a change to the language for future code, even if only hypothetical, would bear any difference to this discussion anyway as legacy Java code encoded in other charsets is still Java code.

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8. lxgr ◴[24 Jun 25 16:44 UTC] No.44368132{5}[source]▶
Just one sentence after the one you quoted:

> However, the javac compiler is affected because it assumes that .java source files are encoded with the default charset, unless configured otherwise by the -encoding option.

Interestingly, in Windows, Java programs were supposedly encoded in CP-1252 before this...?

> In JDK 17 and earlier, the default charset is determined when the Java runtime starts. On macOS, it is UTF-8 except in the POSIX C locale. On other operating systems, it depends upon the user's locale and the default encoding, e.g., on Windows, it is a codepage-based charset such as windows-1252 or windows-31j.

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9. 9rx ◴[24 Jun 25 16:53 UTC] No.44368241{6}[source]▶
1. javac is an implementation, not a specification.

2. As noted in the very quote provided, said particular implementation accepts various encodings; naturally, as the language allows various encodings.

That is quite unlike the languages that specify that anything other than UTF-8 is invalid code.

10. etblg ◴[24 Jun 25 18:13 UTC] No.44369047[source]▶
How does she prevent them from falling through the holes and hitting the heating element at the bottom? Does she throw them in the cutlery basket? Wouldn't it be light enough to fly around inside the dishwasher and land somewhere undesired?
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11. rayiner ◴[24 Jun 25 18:59 UTC] No.44369661[source]▶
She puts them in the cutlery basket.
12. rayiner ◴[24 Jun 25 19:03 UTC] No.44369711[source]▶
As a former engineer, I would say a “system” is designed as a whole, like all of the things you mentioned (but unlike society). If we are talking about the interactions between separately designed things—e.g. various autonomous vehicles designed by different companies—then we’d talk about “emergent behaviors,” not “systems.”
13. hoseja ◴[25 Jun 25 07:57 UTC] No.44374712[source]▶
Do you think the choanoflagellate making up your fingertip knows there is a system.