I've been reading up on how some states are starting to limit what factors can be used in credit scoring—stuff like medical debt, rental history, or even social media activity. Honestly, I didn't even realize some of these things were being considered in the first place. Feels kinda invasive, you know? Curious if anyone else thinks this is a good move or if it's just gonna make credit scoring less accurate overall.
Had a similar realization a few years back when I refinanced my Mustang. The lender casually mentioned they'd checked my rental history, and I was like, wait, what? Felt a bit intrusive at first, but then again, I guess they want a full picture of reliability. Still, social media seems like a stretch—does liking classic car memes really say anything about my creditworthiness? Seems smart to set some boundaries there...
I get the unease about social media checks, but lenders are mostly concerned with risk. Rental history makes sense—shows consistency in payments. Social media though... honestly, it's less about memes and more about spotting red flags like reckless behavior or financial instability. Still, I agree there should be clear limits; otherwise, it gets intrusive fast. Maybe transparency about what's checked would help ease concerns?
"Still, I agree there should be clear limits; otherwise, it gets intrusive fast."
Yeah, totally with you on this. Rental history and payment consistency are fair game—makes sense lenders wanna know if you're reliable. But social media checks? Feels like we're drifting into sketchy territory here. I get they're looking for obvious red flags, but the line between responsible vetting and invasion of privacy can blur pretty quickly.
Transparency would definitely help ease some anxiety. If lenders clearly outlined exactly what they're checking for—like reckless spending habits or risky behaviors—it'd probably make people feel less uneasy. But even then, there's always the risk of misinterpretation. I mean, a weekend road trip photo doesn't necessarily mean someone's financially irresponsible or reckless... could just be someone enjoying life responsibly.
Maybe instead of social media deep dives, lenders could focus more on concrete financial behaviors—like consistent savings patterns or debt-to-income ratios? Seems like a more accurate (and less creepy) way to gauge someone's financial responsibility.
Yeah, social media checks are definitely crossing a line. I get lenders need to protect themselves, but there's gotta be limits. Rental history and medical debt at least have some direct connection to financial responsibility. But judging someone's creditworthiness based on their Instagram posts or weekend activities? That's just lazy vetting and way too invasive. Stick to actual financial habits—like paying bills on time or managing debt—and leave personal lives out of it.
