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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 JKCalhoun on Tuesday June 24, 2025 @10:08AM (#44366444)
> It'd have been nice had they taught me this in school.

Yeah, even at a basic level, it should be made clear that cars depreciate and real estate, by and large, appreciates in value.

One of those is "good money" and the other is "bad money". Kids should learn coming out of school to be able to distinguish which of the two they are throwing "good money" at.

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Re:FICO to incorporate buy-now-pay-later loans into credit s... by barchar on Tuesday June 24, 2025 @11:42AM (#44367428)
Eagh, real estate depreciates too, just more slowly. Imo the actual difference is that (many) cars are a very expensive way to meet your transportation needs compared to alternatives.
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