[rajat]

The implicit assumption here is that judging your credit score using your social graph will give the wrong answer: as in either claim you are a deadbeat when you're not, or claim you are trustworthy when you're not.

But, judging from other stories here and elsewhere, your social graph does seem to yield mostly accurate information about you. So, most likely, you are likely to be tagged as a deadbeat or not correctly.

More meaningful, I suppose, is for those of us that are very careful about social media. I have a Facebook account, but use it very little. However, it has come in very useful in that long lost friends have been able to get in touch with me through it. I must admit, I have never really initiated that myself (ie. go search for someone). So, am I likely to be judged incorrectly solely on the basis of being a social media avoider; that is, are the banks going to say hey ignore social media stuff for this guy, or are they going to say, loners avoid social media and loners are likely to be bad credit risks?

I am definitely a member of the group that almost instinctively react negatively to the use of social media for data mining like this. I am also aware that I'm old enough that I might just be an old fuddy-duddy. I wonder how many articles were written about the loss of privacy when telephones started becoming popular and when the white pages were introduced.

[im3w1l]

People will also be incentivized to "prune" their social graphs of undesirables.