DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - IMF ponders the use of your browsing history in your Credit Score

**ramzes666** · 02-09-2022, 03:07 PM

The concept of using your web history to inform credit ratings is framed around the notion that lenders rely on hard-data that might obscure the worthiness of a borrower or paint an unnecessarily dire picture during hard times. Citing soft-data points like “the type of browser and hardware used to access the internet, the history of online searches and purchases” that could be incorporated into evaluating a borrower, the researchers believe that when a lender has a more intimate relationship with the potential client’s history, they might be more willing to cut them some slack.

Yes, the idea of every move you make online feeding into your credit score is creepy. It may not even be possible in the near future. The IMF researchers stress that “governments should follow and carefully support the technological transition in finance. It is important to adjust policies accordingly and stay ahead of the curve.”

Personally I am highly wary of discussions like these because they seem to trend toward China's "Social Credit" system. When you can affect people's ability to get loans, jobs, homes, etc. based on a subjective view of their browsing history the opportunity for abuse is apparent.

I am aware that many people on this site who hate my guts will automatically take a counter position and scoff at the thought that some kind of authoritarian tool will be used for anything but benevolent reasons. I urge you to consider that we are trending towards a 1984-esq future.

02-09-2022, 03:07 PM	#1
ramzes666 Join Date Nov 2020 Posts 222 Senior Member	IMF ponders the use of your browsing history in your Credit Score The concept of using your web history to inform credit ratings is framed around the notion that lenders rely on hard-data that might obscure the worthiness of a borrower or paint an unnecessarily dire picture during hard times. Citing soft-data points like “the type of browser and hardware used to access the internet, the history of online searches and purchases” that could be incorporated into evaluating a borrower, the researchers believe that when a lender has a more intimate relationship with the potential client’s history, they might be more willing to cut them some slack. Yes, the idea of every move you make online feeding into your credit score is creepy. It may not even be possible in the near future. The IMF researchers stress that “governments should follow and carefully support the technological transition in finance. It is important to adjust policies accordingly and stay ahead of the curve.” Personally I am highly wary of discussions like these because they seem to trend toward China's "Social Credit" system. When you can affect people's ability to get loans, jobs, homes, etc. based on a subjective view of their browsing history the opportunity for abuse is apparent. I am aware that many people on this site who hate my guts will automatically take a counter position and scoff at the thought that some kind of authoritarian tool will be used for anything but benevolent reasons. I urge you to consider that we are trending towards a 1984-esq future.
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