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

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277 points cebert | 2 comments | 24 Jun 25 00:03 UTC | HN request time: 0.488s | source
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Yizahi ◴[24 Jun 25 10:03 UTC] No.44364501[source]▶
They didn't before? It's a credit like any other type, increasing debt burden like any credit. Seems like corru... ahem, lobbying of course. :)
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therealpygon ◴[24 Jun 25 12:25 UTC] No.44365415[source]▶
They also didn’t destroy people’s credit when they got upside down and had to return the $5k couch or $15k car they were talked into buying on their fixed income, but that’s usually “other people” problems.
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ricardbejarano ◴[24 Jun 25 12:28 UTC] No.44365440[source]▶
Being "talked into" is one hell of an excuse not to take accountability for your own purchases.
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cyanydeez ◴[24 Jun 25 12:32 UTC] No.44365473[source]▶
If the DOD can't do it, why should poor people? https://americanmilitarynews.com/2024/11/pentagon-fails-7th-...
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1. toast0 ◴[24 Jun 25 17:26 UTC] No.44368577[source]▶
I doubt most people would pass a financial audit, unless they had built their life around "proper accounting controls". Of course, if they had an incentive to do so, it probably would only take two or three years to get things in place and consistent. But then, most people don't have 1.3 Million active employees [1], who knows how many contractors and retirees. The DoD's finances were not designed around audit requirements and it takes time and consistent attention to retrofit accounting controls into a very large organization.

[1] https://dwp.dmdc.osd.mil/dwp/api/downloadZ?fileId=136507&gro...

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2. cyanydeez ◴[25 Jun 25 12:37 UTC] No.44376589[source]▶
Ok, but the point is: people whose job it is to be accountable, cannot

Blaming poor people for being scammed only benefits grift culture.

But since this site is essentially a growth engine for grift its unsurprising to find parrots of this "poor people are moral and ethical inferiors"