Some interesting use/abuse of "your" data which you lose control over by using Facebook:
* people who indicated relationship status on fb are more likely to default * people who spend a lot of time on fb are more likely to default * people who like and comment a lot on facebook are more likely to default * lenders can get up to 10,000 data points about an applicant from one fb profile
Other interesting points: * your behavior on a lending website is used to id fraud, but also to make credit decision, eg applicants who spend a long time looking at the terms and conditions page are less likely to default * applicants don't realize that credit scoring started right away, with how fast they type and how much they copy and paste (more likely to default because filling in lots of applications!) * the device being used while applying for loan makes a difference * how many park benches and atm machines are within 2km of home? more benches, less likely to default. benches means they are near a big park, so property prices are higher * there are fairly sophisticated bots that simply using google and other sources to look up people by name and make inferences about them
TL;DR: stay the fuck away from Facebook, and generally do not use your real name anywhere on the web
even if name is the same, how do they know it's your profile?
Pretty sure that's not too hard. Your Facebook friends give your real identity away simply by their relationship to you. And maybe you unwisely put your real birthday into Facebook, along with tons of other info.
even if name is the same, how do they know it's your profile?
I applied for a Guitar Center Credit card earlier and it prompted me for 1 of 4 phone numbers my family has with Metro PCS to send the approval code to. Even though I gave it only the cell phone I use.
Some interesting use/abuse of "your" data which you lose control over by using Facebook:
* people who indicated relationship status on fb are more likely to default
* people who spend a lot of time on fb are more likely to default
* people who like and comment a lot on facebook are more likely to default
* lenders can get up to 10,000 data points about an applicant from one fb profile
Other interesting points:
* your behavior on a lending website is used to id fraud, but also to make credit decision, eg applicants who spend a long time looking at the terms and conditions page are less likely to default
* applicants don't realize that credit scoring started right away, with how fast they type and how much they copy and paste (more likely to default because filling in lots of applications!)
* the device being used while applying for loan makes a difference
* how many park benches and atm machines are within 2km of home? more benches, less likely to default. benches means they are near a big park, so property prices are higher
* there are fairly sophisticated bots that simply using google and other sources to look up people by name and make inferences about them
TL;DR: stay the fuck away from Facebook, and generally do not use your real name anywhere on the web
#lending