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F Stands For Facebook: Presenting The New FICO Credit Score
In April, we brought you the "FAKE-O" score or, as we delicately described it, "banks' brilliant plan to lend to deadbeats."
The problem with FICO scores - or any other measure of creditworthiness where the model inputs are linked to payment history - is that they don’t end up being very high for people who aren’t good about making payments on time and that’s bad news when you’re trying to build a successful “originate to sell” model.
If you’re a subprime auto lender for instance, and you want to make as many loans as you can so that you can sell them to Wall Street where they will be put through the securitization doomsday machine, you don’t really care about the creditworthiness of the borrower, but you have to base your decisions on something because if any annoying regulators ever come sniffing around your books trying to figure out why the entire market just disintegrated into a smoldering pile of subprime ashes you can point to a number and say "see, by this metric things should have been ok."
So what do you do? Well, one thing you can do is come up with an alternative way to measure creditworthiness and preferably one which is virtually guaranteed to come back with a happy result, which is exactly what Fair Isaac decided to do. Here’s what WSJ said about the new "unnamed" score at the time:
The new score, which isn’t yet named, will be calculated based on consumers’ payment history with their cable, cellphone, electric and gas bills, as well as how often they change addresses and other factors, according to Fair Isaac, also known as FICO. Traditional FICO scores that lenders use in the approval or rejection process are calculated based on the information in the credit reports from the three major credit-reporting firms, Equifax Inc., Experian PLC and TransUnion.
The new score will instead pull data from a separate database of telecommunications and utilities providers maintained by Equifax.
Got that? The "new score" will determine how creditworthy someone is by asking the utility company if the lights are still on and asking the phone company if the phone is still connected.
Now obviously, some of the last things people will stop paying as they descend into abject poverty are the electric bill and the phone bill, so if you wanted to engineer “evidence” of creditworthiness, this is a good place to start as anyone who managed to keep electricity flowing to their home last month suddenly deserves a loan for a car.
But because that wasn’t (nearly) absurd enough, Facebook has a better idea. Mark Zuckerberg will determine your creditworthiness based on your friend network.
No, really. Here’s The Consumerist:
Earlier this year Facebook announced it would dip its toes into the pool of mobile payments by launching a system that allowed users to send money to friends via the Messenger app. Now it appears the company may take things a bit farther after receiving approval for a patent this week that would allow creditors to determine whether or not someone is worthy of a loan based on their circle of friends on the social networking site.
The patent — which was actually applied for by Facebook back in August 2012 — is for a system of authorization and authentication based on an individual’s social network. It could have several uses, including filtering out spam email and offensive content, and improving searches on the site.
However, it’s the use related to approving or denying a loan request based on the friends you keep that is a bit worrisome.
“When an individual applies for a loan, the lender examines the credit ratings of members of the individual’s social network who are connected to the individual through authorized nodes (connections),” the patent states. “If the average credit rating of these members is at least a minimum credit score, the lender continues to process the loan application. Otherwise, the loan application is rejected.”
According to the patent, the lender would be able to access a potential borrower’s social circle by submitting a request for information from Facebook’s databases. They would then receive a series of lists – grey, black and white – that would be used to determine the average credit score for the would-be borrower’s friends.
And while Bankrate.com's Greg McBride assures us that this is "nothing to lose sleep over for people with decent credit history," it's not the borrowers we're concerned about. The question is this: what happens when billions in loans that were made based on Facebook's proprietary friend check end up packaged and sold to investors? Or maybe more to the point: how utterly insane will this one day look when everyone suddenly realizes that a wave of defaults all have one thing in common... that the underlying loans were made based on borrowers' social networks?
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Go ahead and be a deadbeat, make friends with rich people on FB, get a loan to buy a Ferrari! Sounds normal to me.
Morning Joe mocks Fox: ‘Donald Trump, do you beat your wife when you’re drunk?’http://tinyurl.com/nh3dgre
What is your credit score? Can we be friends on Facebook?
Only if you Poke him first!
I just started a new company under the name:
rent-a-rich-friend
Just added Carlos Slim. I'm finally going to be able to buy a Greek island!
I think ity's a fuckin' great idea.
No seriously, load it up. Why not. The difference between being fucked, totally fucked and totally and utterly fucked is that you've got friends you can rely on.
So get them to pay in a default.
Easy.
I'd like to buy a central bank please, it doesn't matter what it costs, I can get it, and I've got a shit load of friends who just 'like' me to death...
Yeah that sums it up, we are going to hell in a hand basket.
OMG ... It truly is the end.
Next stop will be since the credit scoring process is faulty, the credit scorers will be put out of business by the goobermint then the goobermint will take over the business and improve upon it by just granting everybody a 750+++, AAA, A-1+, P-1, etc., and then releasing them from their debts if they live in certain fucked up zip codes, are illegal immigrants, Muslim, black, quadriplegic running backs (I told one of my SF 49ers Progressive fans that they should get a quadriplegic running back since he's into diversity and equality, but "Oh fucking no!") Fans of Cait, registered Democrats, whatever.
how sick is everyone of pc forced multiculturalism?
Everybody on ZH can friend each other, get a loan, BTFD, profit, buy gold/silver/land/seeds/ammo/guns, and repeat process
count me in.
Good deal. You will be my first friend on facebook. Our whole Facebook motto can be built around buying the fucking dip. Have stickers made saying "I Love the Fed" and do that share shit for some middle finger +1. Every time market goes down we can ask Kevin or Janet on facebook is it time to BTFD. If they do not respond we will just say they hate jews. It will work.
I tell average joes all of the time, that the easiest way to increase your FICO score is to simply request a credit limit increase once every seven months after having a 100% payment history. They look at me like I have two heads and then they argue with me, telling me it isn't true. Then they come up with all of these logical reasons why that won't work.
Hey, if you think keeping your Capital One card at a $300 limit and putting a $297 balance on it every month works, then keep doing it. That's why you're still in the low 600s and won't ever escape.
We have so many subprime borrowers in this country, because we have so many economically illiterate people in this country. The two go hand in hand. Even when you explain how the flawed system works, the average joe idiot argues with you, instead of just accepting the system as flawed and gaming it with that knowlege. They have this bias on how they think the way things should work, instead of going off of the way things do work.
In the schools today, the only exposure to finance is a half credit economics course for Seniors in high school. The textbook mentions the existance of the FICO system, but doesn't explain how it actually works.
"ell average joes all of the time, that the easiest way to increase your FICO score is to simply request a credit limit increase once every seven months after having a 100% payment history."
They are better off with a lousy credit score. Borrow lots of money is a fast and easy way to go broke or end up with nothing but problems.
"We have so many subprime borrowers in this country, because we have so many economically illiterate people in this country. "
You made my point!
The #1 reason for default is low credit scores preventing you from getting another loan. Fuck FICO.
It's best to buy with cash. Credit is a real pain in the ass. Debt-free is the only way to go. I'd rather have a FEMA trailer than a nice house.
Just another indicator that debtor prison ... er, re-education camps, are coming to those who can't pay their bills. Gotta keep those pensions solvent!
Regards,
Cooter
A good con-artist will come up with the new "FleeceBook"!
Why not use your network of FB Friends as indications of "Credit Worthiness"?
NSA is already using your same network as indication of "Future Crimes"
You can bet that they are developing algos to sift their infinite data collection creating our profile based on every dime we spend, every opinion we express, every place we have ever been since childhood, combined with our health history, what we eat, and our genome file. Their composite analysis will be absolute and undeniable. Well beyond pre-crime, they will claim ownership of our very essence...the meaning and expression of us. We will have no line of argument or defense as their analysis will be so complete, so all encompassing that we will have no grounds, no resource of credibility to refute it. Absolute tyranny of their interpretation of FACT using the claim of SCIENCE to declare the debate is over, and will have the appropriate graph to prove it.
Never thought about it in quite so much detail Mr Oldwood. But you are right, how would you fight "science." Kind a scary.
Easy. Opt out. Play a different game.
Of the "three" precious metals you omitted the most important of the three, Gold. Silver and Lead. As the saying goes, and it's my saying by the way, "He who owns the lead, owns the gold!"
the results of this credit report will be racist, its inevitable.
Never fear! BHO will come up Cabinet-level agency called the Flash Mob Assistance Agency(the Flash M' Ass Agency).
That's why I'm going to patent my own credit score. The F (for fat) score. The more a person weighs, the higher their credit score. People who can pay for more food must be richer than skinny people.
This is the only score that includes people in the black market economy. Even if you don't have a bank account, you still could be cash rich and my fat score will capture that. All those walmart people are the wealthiest around. Laugh at them all you want.
Well those Wal Mart folks are definately rich! In fact, using the Federal SNAP (food stamps) program they can buy the most exotic foods (junk) that only those with money running out of their asses could afford. Not only that they are doing it using "other people's money" which not only attests to their wealth but to their advanced intelligence which is theory taught only at Ivy League schools.
I added Chapo Guzman! I'm good to go for a kilo!
FORWARD SOVIET!
What sort of narcasistic stupid people go on Facebook, never mind just read the question.
Shit happens.
RIPS
The kind who think it is a good thing to have a high debt donkey score ("credit score").
They also think the FED is the FBI, and the NSA is protecting us from "terrorists".
They tend to populate Starbucks, Chipotle, the Apple Store, and large cities.
I have a high credit score but I don't really borrow much. Just a perfect payment history. Don't like using a debit card when shopping online due to the much much better fraud protection with a credit card. And I buy a lot of shit online. Having a good credit score is possible without having a bunch of debt, and isn't a bad thing.
Lots apparently. All posting meaningless drivel to each other - futile and frivolous. Once the dumb marketers figure out that Fumblebook advertising does not work and they are wasting billions it will crash.
They'll probably merge the like and 'donate' buttons.
I'll be your friend for $1 I got good credit score
I swear, if your credit score lowers my credit score I'll de-friend you so quick you'll be praying that your Obama phone can pair your credit.
Can we be friends, Mr Zuckerberg? Please?
I'll suck out 300k and buy phyz. Thumbs up asshole.
Communism for all.
You knew that Farcebook had to eventually over-reach and kill their golden egg-laying goose, and maybe this is it.
When people realize they need to think hard about who their friends are to safeguard their access to credit; when people start getting rejected as friends because someone else thinks they might be a drag on credit scores; that migh be when people realize how malignant this company has become and say screw it, I'm out.
I wonder what the credit scores of those Indonesian click farms will be.
As an advertiser, will you be able to buy reports on how many of FB's users are fake?
Good thing I don't partake in "credit"
Malignant is right. Did you read the article. It says if someone applies for credit they will CHECK THE CREDIT FILES OF ALL THEIR FRIENDS. No privacy issue there, no, not at all.
Thumbs up for that point, but nothing a change or two in Facebook's EULA can't fix.
You mean people actually use their real name and real email address on facebook? That's so stupid. Use a dead guys name for the irony-no one will be the wiser. And yet you'll still get fake friend requests at your fake email account which you can just ignore. Never use your real info online! I'm guessing perhaps a majority of all accounts on facebook are fake! But perhaps I underestimate the gullibility of the american public as PT Barnum once warned.
You're not the real John Coltrane? Bummer man.
Then who is getting the money I paid for this?
https://youtu.be/i6k8mdhUr0w
825 - maybe I should list my facebook account on ebay?
The credit based financial system is dying and "Fair" Isaacs' desperate attempt to squeeze the last opportunity out of it is quite obvious. But hey, there's always the next lower tier, you have 2 arms and 2 legs? You're approved!
I give up. ND, I'm creating a new screen name "TotalDebt". I'm gonna borrow my way into complete and insolvent hell. You can drive my Ferrari as long as you get here before the repo man!
I read down most of the comments page and am astounded.
THE huge problem here is that "your social network" is now having their credit history investigated without their permission and without them directly applying for credit.
Am I wrong here? Since when does FB or FICO have permission to crawl through my credit because Joe Blow applied for some car loan he is unable to afford?
Credit Freeze.
asap
Since when?
Well, since there is no more rule of law...
Just face it, you're nothing more than a little slave. You were born a slave and you will die a slave!
What happens if one of my FB "friends" defaults? Does that impact my score? See where this is going??? I've had an account for some time, I don't use it and mainly only have it as a way to keep track of some folks and maintain some contact info. But this is as good incentive as any to quit FB altogether.
So, you're obviously not a vain female looking for validation. Their insertion of the 'hate speech' provision was enough for me.
Under 3. Safety
7. You will not post content that: is hate speech, threatening, or pornographic; incites violence; or contains nudity or graphic or gratuitous violence.
The next time you click 'OK TO UPDATE FACEBOOK?' that little credit consent nugget will be buried in there. Frankly, the entire illusion-of-control dance has grown tiresome, but apparently the Minions still enjoy listening to the music.
Yeah I think you are right. Somewhere in the "I wanna be friends agreement" that nobody reads there will be a permission.
It USED to be (years ago) that any potential application for credit or tenancy or anything akin...you had to physically sign a waiver allowing that entity to access your credit report.
I know I signed off for mortgage..credit card applications? been a very long time but I know that I always had to give written consent.
This is utter bullshite. And a back door way, if true, of gaining access to huge numbers of "friends" credit histories. Such a jiucy database.
Disclosure: I am not on F""kbook; never been on F**kbook. Have no friends on F**kbook. Do not own F**kbook stock and never will.
Anyone who does, IMHO is nutz.
Only way to get anywhere protecting what little privacy you can is to use anonymity wherever you can. Tor. No cookies. Ad block. No Facebook or other social ghettos.
Right now I am busy reading every single thing I can on Windows 10. Anything that MicroGates gives away free has got to stink somewhere.
And it is being rammed through people's machines (unless you go in and take ownership of the file and control the download.)
Why don't they base on starbucks per month.
I'll unfriend you for $50 to bump your score.
Meanwhile, cue the lonely harmonica ...
Poor man ain't got no friends, not even on Facebook.
Better register quick, or you can forget any future loan anyway
I don't vote in the election scam BUT if morning Joe doesn't care for Mr. Trump then Trump goes up a couple of notches in my book.
Joe used to be my con-gress critter.
FOX Tee Vee deserves the asshole...
Actually, it is more for things like credit worthiness of potential roommates. Myself and a couple of friends thought this up back in 2008/9. This was filed back during first to invent, so I have a feeling we would have priority if it turns into something valuable. It is an alternative to credit ratings for young people with little to no credit and about how honorable they are. It was actually a derivative from an online payment sharing/splitting system complete with easy credit card programs and a rental bundling system. Never got the capital together to launch.
Facefuck is the new FICO as all employers now check your social media accounts
What social media accounts?
#41
I don't want to be "Credit worthy" I want to be Free! Fuck Fuckbook!
They left off a box at the bottom. The one where it shows how when these all turn to a steaming pile of shit they get dumped onto the lap of the taxpayer
Wait, ZH, what exactly is the problem with this?
FICO is an absurd and arbitrary measure of credit worthliness that cannot be improved through common sense measures. For example, as FICO stands, if someone is incorrectly placed in collections, there is at once a take down of one's score and no means (aside from hiring a lawyer and suing the company) of actually expunging the record, even if paid.
Factoring in utilities seems like a pretty common sense measure to me.
EDIT: I missed the second half of the article. The FB circle of friends idea is astoundingly stupid.
What is your credit score? Can we be friends on Facebook?
If you "like" us, we'll be your loanshark.
"If you like your friends' credit scores, you can keep them."
Dude. Stop posting the same comment. It was funny the first time.
What's Facebook?
For all of you that don't have a Facebook account raise your hands so we can get a good count.
I honestly do not have a facebook account. I have never signed up for one. I don't like the idea of voluntarily allowing a 3 letter agency to collect my information.
Never even crossed our mind(s).
it's just not my thing
tried it for 2 days and that was enuf
Facefuck is for girls , no FB account here...
Agreed, also if their pupil constricts when subjected to light.
To be clear:
There are three issues ineligantly packed into this article: 1) FICO scoring 2) Utility payment history 3) Facebook/Internet social media 'friend' factoring.
The third element in this is patently absurd. But the second element is not.
Maybe I missed it, But I also thought there was a fourth element to this that the loan purpose was for buying a car? That would at least give the lender some security interest in something resembling an asset that could be repo'd. If the investor also spends a little on CDS to hedge maybe....you could figure the risk of lending to the low credit score croud could be profitable.
But what about the Fifth Element?
I would rather be homeless and car-less then open a Facebook account. Fuck Facebook selling my information.
What is your credit score? Can we be friends on Facebook?
The new score will instead pull data from a separate database of telecommunications and utilities providers maintained by Equifax.
PERFECT. Equifax ...who in my experience always had the least accurate credit data of the big 3 agencies, and that's saying something...
What is your credit score? Can we be friends on Facebook?
Whatcha drinking tonight NoDebt?
I mow my lawn once a week, park my car in the garage and brush my teeth twice a day.
Does that boost my score?
Well, when it snows your score will have to be seasonally adjusted.
What is your credit score? Can we be friends on Facebook?
Yes, yes and yes ... but only if you floss also!
This entire thing is a mess thanks to Clinton, Barney Franks, Greenspan, Rubin and a host of other miscreants who loosened up the rules on mortgages. In the 'old days' bankers kept their loans locally so they took extra care in knowing the applicants. Now, WGAF [who gives a flip]? Everyhting is packaged even if it smells like dog poop and mislabled [hat tip to Wall Street] and sold as AAA [a shout out goes to S&P] .
Then some poor slob in HK buys a minibond thinking it's actually worth something but he has no idea the deadbeat in Anywhere, USA has zero intention of paying a dime on that loan.
Both Dems and Repugnicans have created this mess by allowing Wall Street and Bankers to get away with it. Time for a Real Chnage!
Do you post pictures of every instance to prove it?
Goodbye 30 yr mortgages, hello McMansion with multi Hispanic family's
What is your credit score? Can we be friends on Facebook?
How about a FUCK YOU Facebook and Zuckerberg...
anti-semite!!!!!!!!!
What is your credit score? Can we be friends on Facebook?
My bank called me up six months ago telling me my credit score was being lowered because I wasn't ass deep in debt. I went down to the bank and told them I wanted to close all my accounts since I was such a terrible credit risk to them and I wanted it all in cash. Well they talked me out of it and for some strange reason, my credit score has gone up......
What is your credit score? Can we be friends on Facebook?
forget it ND, the Nuge has 32 million.
Mark Suckerburglar - go fuck yourself
another ZioNazi exploiting the stupid goyim.
What is your credit score? Can we be friends on Facebook?
Haha! It's like the virtual STD scorecard.
I just want you all to know I am reviewing all my ZH contact requests. For me to approve you I am going to need monthly credit scores. If you're below 750 or fail to provide me with your scores, sorry, but I'm cutting you loose.
If you can't help me maintain my easy access to credit so I can finish buying my Beanie Baby collection, who the hell needs you?
I just want you to know in advance- it's nothing personal.
It just so happens I'm friends with a member of the beanie baby mafia.... ;-)
I got banned at Facebook and they asked me to send govt ID and all real information about me.
hhaha, I sent them photo of Alfred E. Neumann and told them FUCK YOU KIKES!!
should have sent some weaponized Zyklon B
I got caught in the same FB dragnet, they didn't like my 'pen name', sent them a picture of the matrix, played with their heads for awhile. Now it appears I'm permenently banned. Good riddance, though it was kinda fun for a couple of years. I used it as my newsfeed. Oh well, I got my own news feed.
This'll subject Facefuck to the FCRA. You hear that Facefuck? That's $1k in statutory damages per violation plus actual damages, and IIRC, the other side's legal fees too.
I'm not sure why anyone is surprised by this kind of stuff... after all there really isn't any other way to keep the home mortgage and car loan businesses afloat any more.
And with the requirement to verify income to buy a new house (for those builders who are actually conscientious at all) the new home builders are pushing for this like no tomorrow.
Without it their businesses will come to a screeching halt very soon.
The only two things The Average Debt Serf cares about... a nice big house and a shiny new car.
Insanity.
Pure Insanity.
Anyone with half a brain could have seen this coming from miles away?
"Got a pulse? You're Approved!!!"
Don't forget the Big Screen TV and beer.
Beer primarily.
That's what at least 2 of the 17 voices on my tablet tell me.
Facebook will be the new precrime monitor. They will sell that information to police and national security agencies such as the NSA.
Forward - to higher Facebook monitoring and a higher stock price
You're using the future tense, should be present tense.
partially true. right now it's ok for vibrant teens to post pics of them holding firearms, smoking weed, drinking purple drank, and saying racist shit about whites.
But if you're white and post a pic of a Battle Flag, you are fucked.
I'll tell you when it became clear to me that FB was actually NSA book...
When I toured their then under construction data center in Rutherford County NC. As I walked around this gigantic fucking building, with a local dipshit who got the 'facilty coordinator' job due to his connectinos and him helping FB receive massive tax and electrical power concessions to locate there... Now there are three gigantic buildings there. ABout 30 locals work there.
What a boon for the local economy! They actually recruited me briefly, until they discovered that I didn't have a FB account. They told me that since I didn't use I couldnt' work there, in so many words
Not that I ever would have. What a creepy place. They had free food and beer for employees, video game lounges, pool tables, and an 'open environment'.
No privately funded company does that kind of shit. Last two places I worked employees paid for kuerig coffee. No free lunch dialy, video games, free coffee, or beer.
No that is not a private company. That is a government funded money sink that is pirating everyone/s information.
FUCK FACEBOOK
When 500 million people are on the terrorist watch list, they will be crushed
No friends? No likes? No job? No problem!
FUUUCCCC................. I have had +800 score and rising for five years, my wife for two. I don't have a Fartbrain account so we are deemed high risk now? I can't buy a boat, side x side, or anything? Guess my plan to not use loans a while back will be a Godsend!
If you need to see a group of fake (false, electronic, irrelevant) friends to judge character... you probably shouldn't buy the plastic junk from china anyway...
I was about to comment how undeniable dumb this idea was, as your FB friends aren't going to lend you money to prevent default... then the article pulled me back to reality when it reiterated that proper underwriting due diligence is not the goal. Great analysis on an incredibly stupid system.
As my handle implies, I was in the mortgage industry (and desperately trying to find a way out of it) for 10 years. In underwriting in some capacity for about 6. FICOs are routinely and grossly manipulated anyway. Hell, I do it. I walked away (didn't do BK) from $10k of bad debt 10 years ago but haven't had or even applied for credit since that time.
When it came time to buy a car, my wife just added me to her 3 current (and perfect history) credit cards. BOOM instant 750 FICO. It's all bullshit, but now I'm preaching to the choir.
Life on line is becoming more an more like the lives of those in the book, "The Circle" by Dave Eggers. It is a pretty "light" read I picked up a year ago. Every so often I read / hear topics such as those mentioned in this ZH post and it sounds like it is coming straight outta that book.
I better start liking all those people I have never heard off so I can qualify for that Cadillac CTS.
Better be a V or i will unfriend you.
I am astounded at the absolute lack of privacy in America. Now just where in the fuck did I agree that all of my clicks could be tracked and all of my friends could be scrutinzed for credit worthiness?
Will there ever be a day when our worthless DC leadership or SCOTUS says ya know, the fourth amendment was written to prevent unlawful search and seizure of items to include my personal data. Thankfully I live in this free country where secret contracts can apparently nullify any civil rights I might have once had.
Somewhat of a tangent: I recently had an interview for an IT position with Charter. We were wrapping up the interview and I joked that it would be nice to have free internet (which IS a company benefit). The guy I was talking with was very archetypal of an IT manager, fairly humorless and direct, no-nonsense kind of guy. He says that benefit is great of course, but then asks if I use an encrypted VPN. I said I do, and he simply said "good, you'll need that"
The fourth amendment to the Constitution applies to government. Facebook is not officially part of the government, nor is Google. They, and every other NGO that tracks your clicks, are not covered by said amendment. Not that the Feds really care about violating your rights either, of course. As Chris Christie might say, you want to be 'safe' or you want to keep your privacy?
No one forces you to use the internet, do they?
Mark Fuckerburg another Tribe member screwing the USA. What are the odds ????
Those will be some BIG consequences he'll have to pay soon.
Great, no FB profile. I guess I just went to 0
Dave Ramsey calls it a 'credit scar'.
i'm still googling to find a mortgage without any dti and minimum fico. I'm still breathing. Can I get a new home?
New loan application:
Resident status: Don't care.
Previous credit: Doesn't matter.
Borrower breathing? If not, co applicant signature may be required.
I have had over 20 Facebook accounts under pseudonyms and get banned everytime after about a month or so.
Today I sent out this to over 100 Christian organisations and churches
http://presstv.com/Detail/2015/08/07/423647/Israel-Bentzion-Gupstein-Wes...
I am awaiting another banning and of course the message ''send us a copy of your govt ID'' and we can re instate you.
ROFLMAO
I just make another account and start over.
I can see it now:
Bank: "Hey, you were on the loan application for 'Deadbeat X', (s)he defaulted, now we're coming after you. After all we only loaned the money cuz they had you in their circle-jerk of friends."
Me: "Fuck off, I knew 'Deadbeat X' from university 20 years ago, about the last time I was on facebook too."
Bank: "Well you should have cleaned up your friends list. Don't you know facebook is now a government sanctioned records agency - they're even more accurate than the CIA."
Me: "Fuck off, fuck you, fuck facebook."
Bank: "Now you've done it, we're going to sell your house to pay back Deadbeat X's loan, and lock you up for hate speech - you can't defame The Zuck"
'Social Media' as a whole is a narcissist fueled crap factory promoting self delusion and destroying both society and (what's left of) real media. These ass-clowns came up with a system that could have revolutionized the internet and international human interaction, claiming to be different, fighting the power. Then they all sold out for ad revenue, government approval, and an appearance on Oprah.
You're not far off. I have a friend who's mother, whom he hasn't spoken to in years, got a bunch of credit cards and added him as an "authorized user". She recently defaulted on ALL of them to the tune of over $60k, I think. Creditors were calling him AND his credit score is now shit. He is not responsible for the debt, as if he had co-signed, but apparently the creditors are allowed to fuck his credit report anyway. Fucking crazy. This was all intentional on her part. She may have even thought she could actually saddle him with the debt.
Now I get it. 'f' stands for fascism.
I threw out my useless computer and found a Rolodex. Now my friends have to send me a card to add to my Rolodex. Maybe I can just make copies of my "friends" cards and send to FICO to boost my credit. Might just catch on in Bizarro world!
This can't be serious.
We have to find out a way to fuck these ZioNazi bastards of social media , FB, Twitter, Instagram. all started by ZioNazi Jews.
They will tell you it is for the benefit of humanity. while they collect all your data so they can control you later when Israel takes over the USA lock,stock and barrel.
While the FB nonsense is just that, have you looked at what used to be the market, lately? Nonsense is not too far off as a descriptor there, either.
However, it seems everyone is missing the point of the first half of the article... did it really read that Experion will have EXCLUSIVE rights to this new scorng system and thereby ensure their monopoly on credit scores outside the FB universe? Surely I have to read that again. I'm sure I didn't read that one service was granted, if you will, exclusivity in the database ownership for credit scoring for loans. I must have missed something... and that is not an intro straight line, please.
Ok, well i guess i better get rid of my loser "friends" on FB. delete, delete,......(x200)...... Ok done! My credit score is way better now. Only friends left are doctors, engineers and such. Thanks for the heads up!!!
Docs are going broke under Obamacare,
Petroleum Engineers are now called 'Waiter'.
Might want to winnow that list a bit harder.
Fuck my slave score anyway!! the low score just keeps my from going into debt anyway. Winning bank fucks!!
From the Milken institute... Most Millenials don't know who Michael Milken was...
Listen Up, Millennials: Credit > Debit Part Three
http://www.milkeninstitute.org/blog/view/810
Christ, I'm 53 and I had to look his ass up to find out.
ever wondered what clickfarms and bought friends are for
now a solution is in sight.
borrow money to buy friends to borrow more to buy more
and dont forget to spend a bit in friend interconnectedness,
maybe they also feel the urge to borrow money to buy some friends to borrow more
wish i had alzheimer
a new world every morning
Fuck Facebook !
Got rid of that shit, wish I had done it sooner though. All the fuckers on it are just so plastic, shallow and fake fuckers who are slaves to the system, fuck all social media, good thing I never tried any others, although saying that I tried the worst one I suppose, but it was a NSA/CIA/etc. trap.
I still get really fucked off when I think how see through all the people were, and I am afraid it includes some of my family members as well. Some of the things I read, man, I just wish I could un-read 'em. Now I have No contact to some of them, they seem to of forgotten how to write whole sentences as well.
I sign up many times using a female name and finding a photo of woman with big tits on Google Images.
Lots of stupid horny fuckers send me private messages asking to befriend me.
I tell them. FUCK OFF, I am lesbian.
Better yet, Friend them and then spout terrorist blathering and the NSA will come get them....
Another Facebook trick. If they don't think you are a real person, they will shut down your account until you give them your cellphone number and which time they will send you an SMS and you put the code back into FB to get released.
NEVER EVER do THAT.
if you're friends with donald trump LOAN DENIED!
All these fucking blogs like this and hundreds of others ask you if you want to sign up with Facebook. That fucking ''F'' is everywhere.