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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 devmor on Tuesday June 24, 2025 @03:41PM (#44370210)
No, I got 19% APR because I had no credit history. I know this because there is a big detailed letter full of reasons for your offered rate that you receive when you take out a loan.

The fact that you don’t know this suggests you probably don’t know a lot about how loans work.

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Re:FICO to incorporate buy-now-pay-later loans into credit s... by Frogeman on Saturday June 28, 2025 @11:14AM (#44405257)
I got a car loan at a 8% rate right out of undergrad… you got hosed, maybe you were in a hyperinflationary environment though.

I bet they sent you a letter telling you it was your lack of credit history. You didn’t find one of the many credit providers and have them fight to give you the best rate?

Credit is an extremely elementary thing to grok in a day or so

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