Mike the Psych's Blog

What if psychologists ruled the world? In real life?

Facebook can be used against you

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dislike_ink_stamp_1600_wht_9113If you publicise your extravagant social activities on Facebook and other social media you run the risk of it being held against you.

Not just in your career (about which I have posted previously elsewhere) but in getting a mortgage or a loan .

A new company called Big Data Scoring is offering its services to banks and other financial organisations and says there has been a lot of interest.

It uses models and algorithms to predict the likelihood you will default on a loan based on thousands of data points including social media, blogs, web pages you have visited and information available on google.

Lenders ask permission from Facebook account holders to access the information as part of the loan application.”This is not as stalkerish as it sounds.We don’t look at the photographs or read people’s messages. We focus on the overall nature of the profile – how…

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Author: mikethepsych

He says he's a psychologist but aren't we all?

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