Saying "Wasted" On Facebook Can Affect Your Credit Score (ajc.com)

JustAnotherOldGuy writes: According to a recent report by the Financial Times (paywalled), some of the top credit rating companies are now using people's social media accounts to assess their ability to repay debt. "If you look at how many times a person says 'wasted' in their profile, it has some value in predicting whether they're going to repay their debt," Will Lansing, chief executive at credit rating company FICO, told the Financial Times. "It's not much, but it's more than zero." According to the Financial Times, both FICO and TransUnion have had to find "alternative ways" to assess people who don't have a traditional credit profile — including people who haven't borrowed enough to give creditors an idea of what kind of risk they pose.

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[the_Bionic_lemming]

I'm one of the folks that knew early on facebook was utter crap and has never had an account. They apparently can't tell the difference between me and my father who haunts facebook.

Just ran a credit check and all three of them have me on my parent's discovery card - of which I never had a discovery card - and in fact don't have any credit cards. Unless you count my debit card - which has no credit.

My fico is low - despite having no late payments to any bills over five years - own a vehicle, in 14 years I'll own my home.I have no other debt other than my mortgage.

I guess if you aren't shoveling cash into credit card providers profits, you aren't credit worthy?