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

Re:FICO to incorporate buy-now-pay-later loans into credit s... by PostOnce on Monday June 23, 2025 @08:53PM (#44361808)

Obviously there are edge cases. Debt can be a form of insurance for the individual.

However, I stood in line behind someone who financed a bowl of noodles with afterpay, and it got me thinking. Those are the folks I'm talking about.

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Re:FICO to incorporate buy-now-pay-later loans into credit s... by janalsncm on Monday June 23, 2025 @09:44PM (#44362089)

It’s not an edge case. The vast majority of debt is mortgages and student loans. Things that people pretty much need, unless you happen to have the upfront cash.

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Re:FICO to incorporate buy-now-pay-later loans into credit s... by Neywiny on Monday June 23, 2025 @09:04PM (#44361876)

Sure, but could that not be an edge case? I'd imagine most people aren't sharing the sadder parts of their life. Or, is it possible they spent the rest of their money on everything more important? Could be argued they should cook at home but still.

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Re:FICO to incorporate buy-now-pay-later loans into credit s... by etchalon on Monday June 23, 2025 @09:11PM (#44361915)

So you're using a single person you stood behind in a line for a massive generalization but calling one of the largest sources of consumer debt in the US an edge-case?

Neat.

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