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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 hansvm on Tuesday June 24, 2025 @10:20AM (#44366569)
Why'd that suck so much? As a software dev couldn't you just pay it off a month or two later?
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Re:FICO to incorporate buy-now-pay-later loans into credit s... by olyjohn on Tuesday June 24, 2025 @12:37PM (#44368043)
That would depend on what car they bought.
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Re:FICO to incorporate buy-now-pay-later loans into credit s... by devmor on Tuesday June 24, 2025 @03:39PM (#44370183)
I’m not sure what software devs make $15 grand a month in disposable income 2 years into their career, but I certainly was not one of them.
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Re:FICO to incorporate buy-now-pay-later loans into credit s... by mathgeek on Thursday June 26, 2025 @05:25PM (#44391592)
Some of the ones in the Bay Area do. Sometimes they don’t realize it’s not the norm.
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Re:FICO to incorporate buy-now-pay-later loans into credit s... by hansvm on Thursday June 26, 2025 @06:49PM (#44392226)
Yeah, it's pretty common in the Bay. I did project that on wherever they're from.

I also didn't expect $15k-$30k in the jump from "not reliable" to "reliable" cars from somebody worried about a 20% interest rate over a long period of time. I have no idea what their background is, but even at today's prices you can do much better than that.

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Re:FICO to incorporate buy-now-pay-later loans into credit s... by bluefirebrand on Wednesday June 25, 2025 @01:09AM (#44373788)
I dunno about you but my first car was when I was 16 working at Tim Hortons for minimum wage, long before I had a software developer salary...
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