How Accepting A Friend Request Will Soon Alter Your Credit Score

credit scoreThe The Next Web writes that you will soon be “empowered” by having every mundane aspect of your life mined for data:

Are you only as good as the company you keep? Before you accept that next friend request, consider what that person says about you, what that association might eventually cost, or be worth – even in the financial sense.

Where you live, who you friend on Facebook, the frequency you shop at Trader Joe’s, how much you spend – all of this information will be picked up, shared, and analyzed amongst the various connected devices and services you use.

This wealth of data will also be applicable to your financial decisions. “Who you are” as a consumer will no longer be based solely on your purchases, investments or credit file, but will also consider your daily routines, such as browsing the Internet, where you shop, and more.

Technology and new services are now making it possible to incorporate entirely new, more relevant data into a credit profile — data that is mostly consumer controlled or contributed and generated by simply gathering and delivering your lifestyle data. Data that should provide better indicators of your financial success as a borrower.

A pool of very useful, very personal data will accumulate, and can be used to help you make more informed, even very complex, decisions.

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  • Anarchy Pony

    And so we draw ever closer to creating an official class of unpersons. You know, as opposed to the unofficial one we have already…

    • godozo

      And the worst part is, we’ll end up creating this unperson class ourselves. I can see people picking up apps to measure how friending/unfriending someone could affect their credit score (and thus, how their life develops) and friending/defriending people for that reason alone. Soon, the desirable will bond together and have many “friends and followers,” whereas the unpersons will only have a list of people they’re following and a couple friends (also part of the unperson class) at best.

      • Anarchy Pony

        The future’s so bright I gotta wear shades.

  • ÿ

    The obvious takeaway is that we should avoid having friends and doing anything “social”. This way we get ahead of the whole “reduction of all life to measurable economic activity” wave and self-terminate in obscurity.

    • Dan Sanders

      Well that’s even weirder and might get you labelled as a socio-path like James Holmes (Aurora, Colorado shooter).

      • Jin The Ninja

        wtf?

        while the comment is sarcastic, it explores the very real intersection between the social, the economic and the state.

        comparing someone to a serial killer (which had absolutely nothing to do with comment) is either a means to quiet the underlying meaning of the comment, or simply to ‘hit and run’ in order to discredit the commenter.

      • ÿ

        “I don’t always channel when I troll Disinfo, but when I do, I prefer someone that writes at least semi-intelligible manifestos.”

        Or something.

    • Dan Sanders

      I was just remarking that the solution proposed above: “we should avoid having friends and doing anything “social,”” is one of the things that the mainstream media picked up on about James Holmes. He did not have a Facebook (nor do I and I often joke that I am not a real person and cannot have real friends as such). They commented how that might be weird these days and should have been a red flag.

      • ÿ

        Hmmm…

        The meeting of sarcasm and cynicism may have produced an event horizon.

        As an aside, when you invoke “mainstream media”, what is the breadth and depth of the cross sample you personally reviewed to derive your analysis?

  • BuzzCoastin

    If you`re worried about credit scores
    friends are the least of your worries
    credit is indentured servitude
    a credit score marks you as a good or bad mark

  • StarDustAlley

    Some day they will get you for fraud, watch and see. The DOJ already made comments like that, and I believe it will come about.

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