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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 bluGill on Tuesday June 24, 2025 @12:17PM (#44367806)
The odds of two emergencies are low enough that you can ignore this. Not that it doesn't happen, but it isn't that common. If you expect two emergencies you should have more in the fund to cover it.
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Re:FICO to incorporate buy-now-pay-later loans into credit s... by crazygringo on Tuesday June 24, 2025 @12:44PM (#44368130)
> If you expect two emergencies

Emergencies are unexpected.

And a lot of people simply don't have the money to build up that kind of fund. To suggest that they "should" is to be pretty out-of-touch with the realities of a lot of people. Sometimes they need to rely on credit, because there aren't any alternatives. So that credit becomes a lifeline, a good thing.

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