I came across this interesting article earlier, that was talking about how your Facebook and Twitter profiles and friends can actually affect your credit. You may have noticed a stir recently about credit card companies using your shopping and spending habits to categorize whether you’re a threat to lend to or not. If you constantly shop at Ikea, for instance, then suddenly start shopping at Wal-mart, credit card companies can see that information and might profile you into someone who is making less money or is having life problems. This next thing though, crosses a line.
We all know that once you put something out on the internet, no matter HOW protected you think it is…it’s probably not. So how are your Facebook friends affecting your credit? Read more.
Creditors can evidently learn enough from your friends to assess how big of a risk you are to them. A San Francisco based data-mining company, Rapleaf, has pointed this out. Creditors will be using the same kind of tools that are used when you’re looking at companies to check out how they are. They’ll be using your Twitter and Facebook information….and I wouldn’t put it past them to actually buy data from applications- even though they aren’t supposed to. If you’re friends aren’t paying their bills on time, it might effect you.
Personally I think this has crossed the line by WAAAAAAAAAY too much. I mean, it’s your own fault if you waste money gambling and are profiled by your credit card company, followed by your credit limit decreasing. It’s another thing to profile you by your friends on Facebook, and while I know everyone I add as a friend in real life, many don’t. I don’t want my life effed up by strangers and their spending habits!