Comment Credit risk (Score 2) 344
"but halfway through the application process, the website asks for his Facebook login. Then his Twitter. Then LinkedIn."
This seems like a fair data point for determining credit risk. Anyone stupid enough to actually enter this information is definitely a credit risk! The same goes for employers or potential employers who are starting to ask for this; if you are dumb enough to give them login credentials to your accounts then you are a security risk.
As for the rest of the article, I don't think the information on your social media sites is the least bit reliable for determining credit risk so financial institutions should not be using it.