Tuesday, 27 August 2013

social mediation

It should come as no surprise, since nothing seems out of bounds—especially for the information that we've volunteered for scrutiny, but the revelation that lenders world-wide are using ones social media connections to supplement more traditional means of gauging creditworthiness. Apparently, the company that one keeps and their own credit-histories can have a significant impact, especially for those absent any track-record of loans and repayments, young people and first time-buyers, to reference. I wonder what repercussions that this sort of financial-intelligence might have on how one cultivates connections, friends of friends, realizing that anyone may prove a liability and probably not a source of collateral. Maybe it's better to sit out this dance.