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

(www.axios.com)
277 points cebert | 1 comments | 24 Jun 25 00:03 UTC | HN request time: 0.313s | 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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1. therealpygon ◴[25 Jun 25 13:18 UTC] No.44377000[source]▶
You’re so right, and that is exactly why we don’t have an entire class of jobs whose purpose is to get people to spend more than intended. Yup, all personal responsibility. 50% of people having less than a middle school education level, but you’re totally correct, it’s just ALL personal responsibility. No other factors at all!