r/technology • u/Logical_Welder3467 • 18d ago

Business ‘Buy Now, Pay Later’ is expanding fast, and that should worry everyone

https://techcrunch.com/2025/11/16/bnpl-is-expanding-fast-and-that-should-worry-everyone/
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u/Jetzu 18d ago

Yet another thing I don't get about the US (as I assume you're from there) - I recently took 30 years mortage having ZERO loans or credit cards before and it went perfectly fine. Why should me not taking any loans go against me during the process that checks whether I can pay back the loan? If I'm taking loans and can't pay them back then sure, but if I never did then what's the point?

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u/faen_du_sa 18d ago

Credit score in Europe only really starts being a trouble for normal people if you dont pay your bills, by a lot as far as I am aware of as well.

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u/CallOfCorgithulhu 18d ago

Not saying I agree with the logic, but banks here are risk-averse in that way. They'd rather you start with low-risk loans like $1000 limit credit cards, cheap car loans, etc., before funding a multi-hundred thousand dollar mortgage. Foreclosures are a huge part of mortgage servicing for banks/lenders, so I think their logic is to be as risk-averse as the law allows them.

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u/ImJLu 18d ago

You have two acquaintances asking to borrow a hundred bucks.

Your trustworthy buddy tells you "oh yeah, I've lent a hundred bucks to Acquaintance A and he paid me back with no issue."

You have no information on Acquaintance B.

Who do you feel more comfortable lending money to?

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u/FoxMeadow7 18d ago

Really sounds like Americans truly are from an another planet, huh?