There is one company that 90% of U.S. lenders check with before they decide whether to give you a loan for a house or for a car.
It's a credit rating agency called FICO.
Now this week, FICO announced that when it calculates your credit score,
it's going to include, for the first time ever, your buy now, pay later purchases.
Buy now, pay later companies are everywhere.
Klarna just partnered with DoorDash.
You can put a burrito on payments.
And if that seems unwise, well, Klarna's CEO told CNN, yes, he in fact agrees.
Like, why even offer that option?
Yes, and that is unwise.
I would not recommend anyone to put a burrito on pineapple letter, for clarity.
Coming up on Today Explained, is burrito now pay later a great deal, or just another debt trap?
How much is that burrito in the window?
With farna it comes home with me.
How much?
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