Bad Idea: Company claims to know credit score from Twitter friends

According to a data mining company, the old adage of being judged by the friends you keep translates easily into the digital friends you keep.

Rapleaf, a social media monitoring company, claims that by analyzing public information such as the friends you have on Twitter it can assess how creditworthy you are and how likely you are to respond to advertising.

Rapleaf monitors public digital conversations and stores away your Twitter and Facebook status updates, restaurant reviews, Amazon book reviews and plenty of other online public information in its database of 378 million profiles to profile you.

Not only does Rapleaf claim that your credit score can be divined out of the digital company you keep, it also can monitor how your friends respond to online advertising and, if they are clicking, show you the same ad.

Rapleaf told Fast Company that its service could actually help banks make better decisions, suggesting that if a standard credit report leads to a rejection and a Rapleaf report showed that the person is friends with people who pay on time that a loan or credit card would be approved.

Pardon me while I control my laughter. If you think banks will actually use this type of information for the betterment of mankind than my name is Lorenzo von Matterhorn.

This practice is especially scary, even for those of us not wearing tinfoil hats, because the data on Rapleaf is aggregated by e-mail address and not very accurate.

When I logged in to see what the company had on file for me I found out that:
  • My name was either Jenny, James or Josh
  • I am either male or female
  • I am between the ages of 26 and 58.
  • I also have a profile on and have no friends on social networking site Hi5.
  • And, I have vacation homes in Albion, New England and Pasadena, Ca.
Part of this misinformation comes from having a particularly common last name as part of my e-mail address, but nonetheless, there are too many errors for me to feel comfortable having any financial institution use this kind of data to establish my creditworthiness. If you want to see what Rapleaf has on file for you, you can sign up or opt out of tracking on the Web site.

Now, if you'll excuse me, I'm off to go friend Mark Cuban, Richard Branson, Oprah Winfrey, Pierre Omidyar and Mike Bloomberg so that I have some rich friends when banks start using this data.

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Do yourself a "HUGE FAVOR" and carefully read this:

The 21st Century Act: Final Amendments to Regulation CC Section:
"Prohibits" reimbursement of Credit, Loan, and Finance Balances to a "Bank Entity" leaving only "Nonbank Consumers" able to receive reimbursement, as specified on Pages 85 and 86.

The 21st Century Act states on pg. 85 and 86 that "Only Nonbank Consumers can suffer losses and File for
Re-credit or Re-claim on any Accounts under the Federal Reserve System" also “Any Second or Third Party Presenters utilizing a Banks Documentation, Contracts and/or Agreements to seek Claims shall be considered to be that Bank under the Rules and Regulations”, the Expanded Definitions also includes Credit Cards and Home Equity Lines of Credit.
Also on Pages 100 and 101 "In any Financial Claims the Indemifying Bank (Parent Bank) must be Identified".

(Left-Click to Search Link)
21st Century Act: Final Amendments to Regulation CC

This Federal Law signed January 1, 2006 makes it "Fraudulent" and therefore "Illegal" for the 3 Major Personal Credit Reporting Agencies: Equifax, Experian, and TrasUnion to allow the Banks and the Banks "Third Party Presenters" to place any claim of "Negative" or "Potentially Negative" Accounts on your Personal Credit Based upon the fact that they have no "Legal Grounds or Claim" to the Money.

This is an "Unfair Practice" that diminishes our Financial ability to support ourselves and adversely affects our ability to gain work in many areas which breaks "Antitrust Laws".

These Rules also back claims of: "Aiding and Abetting" Racketeering and Extortion (of Finance Accounts and Personal Credit Reports), Pandering (of Credit and Loan Accounts, and Conspiracy to wit), Theft, Fraud, Federal Mail Fraud, and Telephone Harassment. Also "Threatening of the U.S. Financial Infrastructure", which is a "Capital Crime".

In order to engage the Federal Trade Commission to act against this injustice we must File many Claims, as these Reports must be Filed by a large number of people in order for the Federal Trade Commission to pursue
"Legal Action".

(Left -Click to engage Email Address)

This is way easier than "Occupying Wall Street"!

March 11 2012 at 6:26 PM Report abuse rate up rate down Reply

While I was looking for a credit report site, my firend told me about a site, that offer:

- 100% Free 3 in 1 Credit Report
- Credit Monitoring
- Fraud Protection

All in one...

I tried it and I'm so satisfied with them.I just wanted to recommend you that site:

January 12 2012 at 5:33 AM Report abuse rate up rate down Reply