How Your Facebook Profile Can Affect Your Credit

H

HardOCP News

[H] News
Joined
Dec 31, 1969
Messages
0
What do you mean I'm not eligible for a million dollar signature loan? Have you seen my Facebook profile? :rolleyes:

According to a report by the Financial Times, some of the top credit rating companies are now using people's social media accounts to assess their ability to repay debt. So if you want to be able to qualify for a loan and borrow money, this is just another reason to avoid saying certain things on Facebook.
 
ryang said:
Who leaves their profile fully visible to the public?
Click to expand...

I wouldn't be surprised if entities like credit agencies pay for higher level access than the average Joe user. So "private" or "restricted" means for the people that you want to see it and the people that pay to see it.
 
As of September 29, 2015 at 10:50 p.m. Eastern standard time, I do not give Facebook or any entities associated with Facebook permission to use my pictures, information, or posts, both past and future. By this statement, I give notice to Facebook it is strictly forbidden to disclose, copy, distribute, or take any other action against me based on this profile and/or its contents. The content of this profile is private and confidential information. The violation of privacy can be punished by law (UCC 1-308- 1 1 308-103 and the Rome Statute). NOTE: Facebook is now a public entity. All members must post a note like this. If you prefer, you can copy and paste this version. If you do not publish a statement at least once it will be tactically allowing the use of your photos, as well as the information contained in the profile status updates.
Click to expand...
Time for this to start spreading again, but with a new date.
 
Cannot say I blame them since not everyone is honest with the information they give face to face. However, I share very little on Facebook and I do not post my personal information on it at all, no phone number or address.
 
Uhhhh....don't use your real name...or use a bad spelling of your real name like everyone I know does on FB.

Your real name: John Smith
Your FB name: Jon Htims
 
A day will come when people realize what that fb account really costs.
 
Just don't post shit globally. If FB allows credit agencies to see non-public info, they'll get a whole lotta class action hurt. I'm always shocked at the things people post globally. Unless you're a public figure or posting for a company, or independently wealthy and have no need for a job, don't do it.
 
Time to start posting financially responsible things like..."so glad i invested in amazon stocks today" or "thinking of converting my gold bars in my safe into cash"... Unfortunately my "friends" would believe it and break in my house...
 
nilepez said:
Just don't post shit globally. If FB allows credit agencies to see non-public info, they'll get a whole lotta class action hurt. I'm always shocked at the things people post globally. Unless you're a public figure or posting for a company, or independently wealthy and have no need for a job, don't do it.
Click to expand...

Some lenders now use software that you have to allow to review it just like any other app. So if a lender is using your FB profile, it has to be disclosed and, if it is non-public, authorized to access it.

I actually see this as a lot of the future for certain identification things; much harder to fake a 5-10+ year social media profile than simply plugging in name, address, DOB, SSN.
 
TwistedAegis said:
Some lenders now use software that you have to allow to review it just like any other app. So if a lender is using your FB profile, it has to be disclosed and, if it is non-public, authorized to access it.

I actually see this as a lot of the future for certain identification things; much harder to fake a 5-10+ year social media profile than simply plugging in name, address, DOB, SSN.
Click to expand...

Suspend/delete your account (it's not really deleted). Apply for loan and says, "I don't do facebook"

There's no way to prove otherwise.
 
Not arguing this is some kind of conspiracy or a requirement; you can find many lenders that don't do this. Just saying, if you want to go that route and it's a better result than your credit, that's how it's done.
 
TwistedAegis said:
Not arguing this is some kind of conspiracy or a requirement; you can find many lenders that don't do this. Just saying, if you want to go that route and it's a better result than your credit, that's how it's done.
Click to expand...

I understand, but I'm saying even if they do, you should be able to get around it. It'll affect younger users more, because they don't restrict as much info. I think Friends and maybe Friends of Friends can see my friend list. If they were to look at it and determine my credit worthiness, it'd be inaccurate. I have a few RL friends on there and a lot of acquaintances and a few that I barely know or don't know at all (every few). But if I really get paranoid about it (and I have at times), I'll restrict my friends list to friends.
 
As of September 29, 2015 at 10:50 p.m. Eastern standard time, I do not give Facebook or any entities associated with Facebook permission to use my pictures, information, or posts, both past and future. By this statement, I give notice to Facebook it is strictly forbidden to disclose, copy, distribute, or take any other action against me based on this profile and/or its contents. The content of this profile is private and confidential information. The violation of privacy can be punished by law (UCC 1-308- 1 1 308-103 and the Rome Statute). NOTE: Facebook is now a public entity. All members must post a note like this. If you prefer, you can copy and paste this version. If you do not publish a statement at least once it will be tactically allowing the use of your photos, as well as the information contained in the profile status updates.
Click to expand...
ryang said:
Time for this to start spreading again, but with a new date.
Click to expand...
It's tacit-ly not tactic-ally, as long as you're planning on taking on facebook's army of lawyers with a disclaimer...
 
ryang said:
Who leaves their profile fully visible to the public?
Click to expand...

ryang said:
Time for this to start spreading again, but with a new date.
Click to expand...

As for your first question, most of the people out there because they are stupid. As for your second post, doesn't work that way. The terms of use are created to give permission in one way. It falls into the same category as saying you can start posting hate filled and other types of post that go against the rules here and then tell Kyle and Steve to go fuck themselves as they can't restrict your right to say what you want. You are using a privately controlled service. If you agree that you give them the right to do X with your data, they can do that. You can't turn around and say I am going to use your service, but your guidelines don't apply to me. You can't give up your right to life, but you can give up your right to privacy. And that is what you decide when you start using facebook, a site that you decided to use. Not one you are forced to use. Thus your disclaimer means nothing. No more than you posting here "I can post whatever content I want as i have rights and you can't stop me". You posting that doesn't make it true, and doesn't mean that any admin here has to listen to you. If you don't like their practice and policies, stop using the service. It is that simple, that is how you make a point.
 
I can't believe the big 3 credit services are not hitting me up for tips and trixx with da phat ho's, nuggets and rating my bling.

Really my FB is to keep track of family birthdays, my daughter and a boys group I help operate atKOZ

At the rate of the downfall of American Freedoms credit will be a thing for the history books in 5 years. you will be a number and appointed rations and living quarters.
 
So....what if most of my FB friends are responsible adults with at least a BS degree and buying homes?!

Does that boost my credit?
 
Well, there you go. People keep talking about legalizing mj and before you know it, your credit score is in the toilet. Must be the banks who want to legalize mj so they can charge higher interest rates on loans and credit cards. Sounds like a plan. Sounds like a GREAT PLAN!
 
You must log in or register to reply here.
Back
Top