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Facebook May Use Your Friends’ Information To Judge Your Credibility

Facebook May Use Your Friends’ Information To Judge Your Credibility

Facebook’s main purpose for a lot of us is for us to coordinate with current friends, coworkers, and family, or to reconnect with old friends from way back. However, it may be much more than that in the foreseeable future.

A patent secured earlier in August may allow the social networking giant to help lenders in determining a user’s creditworthiness by tapping into your friends’ Facebook details and information.

How Does This Patent Work?

The patent suggests that lenders may be able to view the FICO credit score of your Facebook contacts to see if you are indeed credible enough when applying for a loan. Your friends’ credit rating on an average, per the patent, would need to be at least the minimum credit score to justify a loan being approved.

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Therefore, with the assumption that you would need a FICO score of 640 or more to qualify for a loan, and that your friends’ average credit score would be at 638, that would mean you would not be able to qualify for the loan.

Pros and Cons of This Patent

Assuming Facebook follows through and uses this approved patent to help lenders ascertain creditworthiness, it will not be the first company to use the invention to determine whether a person is a high-risk or a low-risk customer. It could be a boon for alternative lending as a whole, for consumers looking for another way to be approved.

Nevertheless, there are also several drawbacks to such an arrangement.

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One risk a few publications have pointed out is the chance of predatory lenders convincing people to make use of the technology if and when it sees the light of day. If all it takes is to consider the average of a person’s friends’ FICO score, it could open things up for otherwise non-creditworthy individuals who happen to have many friends with good to great credit.

Moreover, if lenders make use of any Facebook feature that involves the use of the patent, and allow it to cover business owners trying to take out a conventional loan, that could make it even harder for them to do so, hard enough as it is at the present.

But The Patent Draws Controversy

Considering all the ongoing talk about privacy breaches and cyber-hacking endeavors, it is not surprising that this patent has not been a very popular one in the tech press, and among consumers. After all, it would arguably be unfair if one cannot secure a loan, even with their pristine credit, if many of their friends happen to have bad credit.

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In addition, it would not be in good form to unfriend a contact in an attempt to boost the chances of your loan being approved.

Fortunately, Facebook has yet to confirm how it plans to use its patent, and there are existing laws that govern how lenders determine whether you are creditworthy or not. However, the fact that the Menlo Park Company would even consider such a thing has proven to be very uncomfortable and worrying for many consumers.

There are a lot of positive and negative aspects of Facebook judging our credibility. The basics pros are presented in simplifying the tasks for institutions such as banks and companies. Some people have nothing against it, as they see it as an important precaution of identity theft.

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Others see it as an an invasion of personal privacy. Facebook already uses its users interests to collect data which is then delivered to advertising companies, that’s why we see only those commercials that are related to our personal interests and hobbies.

If Facebook checks not only our profile but our friends to judge our credibility, though, then it will invade not only our privacy but the privacy of our friends.

Featured photo credit: https://picjumbo.com via picjumbo.com

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Published on September 20, 2018

11 Google Chrome Apps and Features to Help You Get More Done with Less Effort

11 Google Chrome Apps and Features to Help You Get More Done with Less Effort

In today’s fast-paced and never-ending busy world, we are overwhelmed by tasks that need to be completed by tight deadlines. With so much technology it is difficult to find the right tools to help boost our efficiency. And, many tools get obsolete so its essential to stay up-to-date to know when you will have to make adjustments to these tools. Independently of where you work, there’s a good chance that you have to be working on a PC or a laptop.

Do you are feel like you do not have enough time, or cannot accomplish much as of late? It is recommended to take a step back and look at the big picture. Also, you want to explore new and innovative ways to improve productivity.

In this article, I outline 11 features and apps within the Chrome browser that can help you do just that.

Minimizing Tabs

Let’s face it we all have more than a dozen tabs opened on our computers. One neat trick to still keep most of them open is to turn them into pinned tabs. On Google Chrome you can right-click the tab and select “Pin Tab” option. This turns the tab into an icon enabling you to continue multitasking.

Pinning a tab anchors the tabs on the left of your toolbar; a great benefit of the “Pin Tab” feature is that you can’t close these tabs accidentally since the “X” disappears after pinning them.

Incognito Mode

Google Chrome is a very easy-to-use and intuitive. But, Google does collect our browsing data; so to remedy this, you can use Incognito Mode. This feature does not keep your browsing or download history. You can enable or access it in three different ways:

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  1. Press Ctrl/Command+shift+N
  2. Select File Menu and choose New Incognito Window
  3. Download extension New Incognito Window

This feature is very handy if you’d rather not have your browsing history stored and utilized for future advertisement or suggested pages.

Save Webpages as PDF Files

Have you ever browsed interesting or important information and then forgot to bookmark or save it in “favorites”, making it impossible to find again? Chances are you have done this on a number of occasions.

Thankfully, there is an easy solution. You can save webpages as PDF files. On your keyboard, press control/command+p and you will be able to save webpages as PDFs.

Open Recently-closed Tabs

Ever had dozens of tabs opened and all of a sudden your browser shuts down? It has probably happened to all of us. You can easily recover all of your tabs using two approaches. Don’t panic if this happens because there is a workaround and solution for it.

One is by pressing Ctrl/CMD+Shift+T.

The other approach is to click on the three vertical dots on your browser and hover over “History”.

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Solve Mathematical Problems

Google’s Chrome browser doesn’t just search for relevant and updated information. It is also capable of performing some mathematical problems. Within the omnibox (Chrome’s address or URL bar), you can perform mathematical exercises.

For example, if you are struggling with percentages you can search 20 percent of x amount and it will instantly provide a result. Pretty handy, right?!

Play Media Files

Are you frequently met with difficulties when playing or watch a video files? Well, once again Chrome comes to the rescue. You can can listen or play videos from all sorts of movie or music files (mp3, mp4, .mov, .mkv, .ogv, .webm, .wav, etc.) by simply dragging the file into the search bar.

In addition, you can view images, PDF files and Microsoft Office files, too.

Navigate Swiftly Between Tabs

With all of those tabs opened comes great navigation responsibilities. Rather than clicking through every tab, you can use shortcut keys like Ctrl+Tab to navigate all of the different tabs. Also, you are able to navigate to the first tab by pressing Ctrl-1, Ctrl-2, and so on. If you want to switch to the very last tab, press Ctrl-9.

Stay Focus(e)d

Computers nowadays have awesome capabilities.

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Sometimes we like to get work done, but let’s face it, we’re all human. We sometimes procrastinate by visiting a website we really like, or maybe take a break with watching a flick on Netflix, a video on YouTube or browsing Facebook.

With Chrome’s StayFocusd extension, you can truly stay focused and get more done in less time.

This extension naturally helps you stay more productive by limiting the amount of time you spend on websites. You can set the time and it will automatically block those sites after a certain period.

Grammarly for Editing

Grammarly is a must have, and it’s really a complete powerhouse. Grammarly helps you check your grammar and spelling for everything you write online.

You can use it professionally or as a student, which will make the editing process much easier and more efficient. Furthermore, it can automatically check for typos when you send an email, type a Tweet, or post a Facebook comment. It’s like having your own personal copyeditor!

Loom

There are times that words in an email or written text in a chat app will just not convey the right meaning.

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There is a saying that a picture is worth a thousand words. Well, the same is true of videos.

With Loom, you can capture, narrate and immediately share video recordings of your screen, which will help coworkers understand issues you are facing, or to easily convey an explanation on screen. Plus, with video you will be able to easily walk people through a process, and you can use it to create simple how-to videos.

Chrome Calendar Extension

No matter what your level of responsibility is at your job, Google Calendar is another essential resource to have at your fingertips.

Specifically, you can have this extension added as an icon in the toolbar of your browser, which I highly recommend. Once you add the extension to your browser, you can check for upcoming events with a single click without leaving your current page.

Final Thoughts

Google Chrome has definitely evolved from its inception. As you can see you have a very powerful tool that comes as a free installation and is loaded with dozens of capabilities. The above listed Chrome apps can resolve some of the most common obstacles to your time management and productivity.

Featured photo credit: Andrew Neel via unsplash.com

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