While this was only one of those prediction articles, it was kind of interesting as I could easily see it happening. It was an article on the daily mail located at http://www.dailymail.co.uk/sciencetech/article-2773349/Could-credit-score-soon-based-FACEBOOK-FRIENDS-Expert-predicts-future-banking-rely-social-networks.html that was essentially trying to predict that your social media information such as the people you associate with can be used by companies to create a credit profile on you. I guess as an example, if you hang around people who are constantly in financial trouble that is a red flag.
Can you imagine if that actually happens? I can already foresee entrepreneurs and businesses creating a service where for like X amount of dollars a month you can get people with high credit scores to be your digital friend…..I better start thinking of my rate…… But in all seriousness, I wouldn’t be surprise if something like this is implemented.
There is some truth to the whole you are probably similar to the people you hang around with if you think about it. Even when it comes to money or success people often say for example if you keep hanging around a person that is negative or broke all the time it can rub off on you. Vice versa if it was someone that was good with money. At the same time, I think determining a credit score based on like one’s Facebook friends would be a little silly.
I know a lot of people nowadays use social media sites as like a business card. It’s a quick way to keep in touch and it doesn’t necessarily mean you mingle with them like a close friend. Would it make sense to base a credit score on who’s business card you have in your wallet as an example? I think not.