When Banks Use Facebook Friends To Determine Your Credit Score

Re:When Banks Use Facebook Friends To Determine Your Credit ... by mdxch on Wednesday December 14, 2011 @02:12PM (#3353165)

> And of course, people like me who just don't have an account are outright fucked.

That's not necessarily true; the models might predict that people who don't have accounts may be more creditworthy.

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Re:When Banks Use Facebook Friends To Determine Your Credit ... by icebraining on Wednesday December 14, 2011 @02:18PM (#3353181)

I don't see how would they distinguish "doesn't have an account" from "doesn't want to give it because his friends are deadbeats", so I find it hard to believe that group will be more creditworthy.

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Re:When Banks Use Facebook Friends To Determine Your Credit ... by lurker14 on Wednesday December 14, 2011 @02:37PM (#3353245)

Your mistake is in assuming fully rational actors.

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Re:When Banks Use Facebook Friends To Determine Your Credit ... by yariang on Wednesday December 14, 2011 @02:45PM (#3353281)

If we were talking about the general population, I would agree with you. Something tells me that actuaries are quite rational actors though.

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