The Chicago Tribune points out that indiscreet use of social media may have a direct and immediate effect on your credit rating.
"If you look at how many times a person says 'wasted' in their (Facebook) profile, it has some value in predicting whether they're going to repay their debt," FICO chief executive Will Lansing told the Financial Times newspaper.
Creepy? Indeed. But hardly surprising when you take a step back and consider all the ways big data searches have been creeping into our daily lives and seemingly invading our privacy.
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Tapping Facebook to determine the credit quality of young borrowers — or anyone for that matter — is just another step in this nothing-is-private-anymore process.
"These posts can come back to haunt you," said Bill Hardekopf, publisher of the LowCards.com credit card information website.
There's more at the link.
The more of your life you put online where everyone can see it, the more everyone will use it. Some of those uses may not be to your liking; and you may pay for some of your more indiscreet postings for years, even decades, to come. Food for thought . . . and yet another reason to stay away from Facebook and similar sites!
EDITED TO ADD: Read Stuart Garfath's comment to this post. See how much he was able to find out about his granddaughter just by surfing her social media postings . . . and then ask yourself how much information you're putting out there about yourself, free for the taking to anyone who wants it (including stalkers and those who may have other less-than-honorable motives), not to mention a credit bureau.
Makes you think, doesn't it?