But does the corporate data collection factor into your FICO score? Unless there's some new scary development I'm not aware of, the FICO score is only based on the following: length and number of accounts, revolving utilization, if payments are on time, and the loans you have made (based on the size and frequency of them).

[–] cypherpunks@lemmy.ml 11 points 6 months ago (1 children)

FICO is just one of a multitude of scoring systems which impact people's lives in the US today.

https://en.wikipedia.org/wiki/Criticism_of_credit_scoring_systems_in_the_United_States

You and your friends' social media activity, among numerous other things, can absolutely affect your ability to get a loan, a job, a rental contract, etc.

[–] SuperSpruce@lemmy.zip 2 points 6 months ago

If that holds true, then it really is no better than China's social credit system. Somebody needs to regulate this monster before it eats us all.

[–] jubilationtcornpone@sh.itjust.works 2 points 6 months ago

Don't give them any ideas.