‘The Facebook mortgage. Could social data be used for credit scores?’ – ‘Econsultancy’ Blog
The latest ‘Econsultancy’ blog post is titled “The Facebook mortgage. Could social data be used for credit scores?”.
Craig Le Grice says, “I’m about to move house. Which, as is usual, has involved a painful bank transfer and a lot of paperwork.
One of the steps of self-imposed due diligence I did was to check my credit file. Everything was fine, I had a credit score in the region I expected / hoped and that was the end of it. Contracts done. Property secured.
It got me thinking, though. That one little number is very powerful but, given today’s focus on big data, actually very simplistic in its nature”.
The Facebook mortgage. Could social data be used for credit scores?
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