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So would Facebook be asking people to share credit scores constantly? How do they plan to get said credit scores? As far as I know, no one can legally access my
by joesmo 11y ago
So would Facebook be asking people to share credit scores constantly? How do they plan to get said credit scores? As far as I know, no one can legally access my credit report without my permission. For people with multiple accounts, which Facebook account do they use? What if I don't have an account? Will I just be denied all loans?
If they do manage to get the data, what makes them think this is a valid way to rate people's creditworthiness? It seems like an extremely random metric that measures nothing but is convenient for Facebook because of the type of data they collect. I don't see the moral angle because this is far-fetched speculation not rooted in reality. There are other companies who have tried to replace the current credit scoring with systems based on social data and they haven't gotten anywhere. Perhaps that might be because the best indicator of financial performance is past financial performance and nothing else?