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Came across this on Slashdot this morning:
Saying "Wasted" On Facebook Can Affect Your Credit Score (ajc.com)
Posted by Soulskill on Tuesday November 03, 2015 @10:07PM from the they'll-take-what-you-give-them dept.
JustAnotherOldGuy writes:
According to a recent report by the Financial Times (paywalled), some of the top credit rating companies are now using people's social media accounts to assess their ability to repay debt. "If you look at how many times a person says 'wasted' in their profile, it has some value in predicting whether they're going to repay their debt," Will Lansing, chief executive at credit rating company FICO, told the Financial Times. "It's not much, but it's more than zero." According to the Financial Times, both FICO and TransUnion have had to find "alternative ways" to assess people who don't have a traditional credit profile — including people who haven't borrowed enough to give creditors an idea of what kind of risk they pose.
http://tech.slashdot.org/story/15/11/04/003226/saying-wasted-on-facebook-can-affect-your-credit-score
Wow. Good reason to not post on Facebook.
Saying "Wasted" On Facebook Can Affect Your Credit Score (ajc.com)
Posted by Soulskill on Tuesday November 03, 2015 @10:07PM from the they'll-take-what-you-give-them dept.
JustAnotherOldGuy writes:
According to a recent report by the Financial Times (paywalled), some of the top credit rating companies are now using people's social media accounts to assess their ability to repay debt. "If you look at how many times a person says 'wasted' in their profile, it has some value in predicting whether they're going to repay their debt," Will Lansing, chief executive at credit rating company FICO, told the Financial Times. "It's not much, but it's more than zero." According to the Financial Times, both FICO and TransUnion have had to find "alternative ways" to assess people who don't have a traditional credit profile — including people who haven't borrowed enough to give creditors an idea of what kind of risk they pose.
http://tech.slashdot.org/story/15/11/04/003226/saying-wasted-on-facebook-can-affect-your-credit-score
Wow. Good reason to not post on Facebook.
