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A comment on FICO to incorporate buy-now-pay-later loans into credit scores. Parent comment

Re:FICO to incorporate buy-now-pay-later loans into credit s... by QuadmasterXLII on Tuesday June 24, 2025 @07:57AM (#44365194)
I bought a house when I did because the interest on a mortgage was lower than any reasonable prediction fir inflation, which seemed a lot like free money; but at the time it felt a lot more like a dirty hack taking advantage of terrible government policy than any idealistic system where credit is used to bootstrap productive capitalization.
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Re:FICO to incorporate buy-now-pay-later loans into credit s... by phkahler on Tuesday June 24, 2025 @08:22AM (#44365396)
Low interest rates tend to just push housing prices up. The average expenditure on housing as a percent of income have been nearly constant in the US for 50 years.
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Re:FICO to incorporate buy-now-pay-later loans into credit s... by haiku2077 on Tuesday June 24, 2025 @05:27PM (#44371261)
Yes but I get to keep the equity in the house. I don't keep anything I pay towards interest.
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