Ive heard of this before but its been a long while since I last saw that it might become an actual thing.
Thats fucking ridiculous.
Lenders May Look at Your Social Profiles to Judge Your Creditworthiness
Thats fucking ridiculous.
Lenders May Look at Your Social Profiles to Judge Your Creditworthiness
Many of them, including Singapore-based Lenddo and US-based Moven, both established in 2011, and Score Assured, founded in 2015, are looking for keywords – on the basis that if you say ‘drunk’ or ‘party’ too often then you’re less likely to be reliable, negatively affecting your score – but others are going a step further….Hello Soda have developed a technology called PROFILE, which they’re aiming to provide to other lenders. It analyses a customer’s complete social presence, using language processing and psycholinguistics in order to identify life events, dates of pay, location, age and employment, among others, and generate their social credit score...InVenture and Friendly Score skip reading applicants’ posts and instead look at their browsing history and what sites are visited...Searches for ‘payday loans’ or information on debt management stand out as their first ports of call in these analyses, but they’ll even check out your mobile phone call history, scanning for premium rate numbers and other financial companies.