Twitter was abuzz today with questions about Credit Karma, the Intuit-owned personal finance company that provides people with free copies of their credit scores. It’s unclear what exactly prompted the discussions, but some users had noted how Credit Karma scores can be, shall we say, more generous than other scores out there.
credit karma: “your credit score is 800”
car dealerships: “ma’am. your shit is 325”
— ???????????????? (@jjasshole) January 25, 2021
The short answer for why different entities produce different scores about your credit is because they’re calculated using information from three distinct credit bureaus—Equifax, Experian, and TransUnion—and that information can vary. For instance, a lender may report negative or even erroneous information about you to only one of the bureaus, meaning scores that factor in that bureau would be negatively impacted.
Moreover, different scores are generated using different scoring models. Credit Karma scores use models from VantageScore, which is not as widely used as the market dominant FICO. This is not to say that the score you receive from Credit Karma is inaccurate, but it might very well be different from the score a lender would actually use to assess your creditworthiness. As CNBC reported, it’s not uncommon for consumers to receive a higher score from a service that provides free scores only to be shocked to learn that their FICO score is lower than they expected.
Reached for comment, a Credit Karma spokesperson said that while credit scores may be calculated differently, they typically paint a similar picture about your credit in the end. “It’s important to note that credit scores are highly correlative,” the company said. “That means if you’re rated a ‘good’ in one scoring model, you most likely have a ‘good’ credit rating in all other models. Most credit scores generally consider the same types of factors. While there are certain nuances to credit scores, they usually just weigh different factors or time periods differently.”
That said, the more you know about your scores, the better. If you’re planning to apply for a loan in the near future, it’s a good idea to find out your FICO score beforehand. Often, you can get your FICO score from your credit card company. If not, there are a few services that offer it for free.
Twitter Admits Policy ‘Errors’ After Far-Right Abuse Its New Rules of Posting Pictures
Twitter’s new picture permission policy was aimed at combating online abuse, but US activists and researchers said Friday that far-right backers have employed it to protect themselves from scrutiny and to harass opponents.
Even the social network admitted the rollout of the rules, which say anyone can ask Twitter to take down images of themselves posted without their consent, was marred by malicious reports and its teams’ own errors.
It was just the kind of trouble anti-racism advocates worried was coming after the policy was announced this week.
“Anyone with a Twitter account should be reporting doxxing posts from the following accounts,” the message said, with a list of dozens of Twitter handles.
Gwen Snyder, an organizer and researcher in Philadelphia, said her account was blocked this week after a report to Twitter about a series of 2019 photos she said showed a local political candidate at a march organized by extreme-right group Proud Boys.
Rather than go through an appeal with Twitter she opted to delete the images and alert others to what was happening.
“Twitter moving to eliminate (my) work from their platform is incredibly dangerous and is going to enable and embolden fascists,” she told AFP.
But the rules don’t apply to “public figures or individuals when media and accompanying Tweets are shared in the public interest or add value to public discourse.”
By Friday, Twitter noted the roll out had been rough: “We became aware of a significant amount of coordinated and malicious reports, and unfortunately, our enforcement teams made several errors.”
“We’ve corrected those errors and are undergoing an internal review to make certain that this policy is used as intended,” the firm added.
Jack Dorsey Post Twitter Is Chasing His Crypto, Fintech Dream
At a packed Miami conference in June, Jack Dorsey, mused in front of thousands of attendees about where his real passion lay: “If I weren’t at Square or Twitter, I’d be working on Bitcoin.”
On Monday, Dorsey made good on one part of that, announcing he would leave Twitter for the second time, handing the CEO position to a 10-year veteran at the firm. The 45-year-old entrepreneur, who is often described as an enigma with varied interests from meditation to yoga to fashion design, plans to pursue his passion which include focusing on running Square and doing more philanthropic work, according to a source familiar with his plan.
Well before the surprise news, Dorsey had laid the groundwork for his next chapter, seeding both companies with cryptocurrency-related projects.
Underlying Dorsey’s broader vision is the principle of “decentralisation,” or the idea that technology and finance should not be concentrated among a handful of gatekeepers, as it is now, but should, instead, be steered by the hands of the many, either people or entities.
The concept has played out at Square, which has built a division devoted to working on projects and awarding grants with the aim of growing Bitcoin’s popularity globally. Bitcoin price in India stood at Rs. 44.52 lakh as of 12:50pm IST on December 1.
Dorsey has been a longtime proponent of Bitcoin, and the appeal is that the cryptocurrency will allow for private and secure transactions with the value of Bitcoin unrelated to any government.
The idea has also underpinned new projects at Twitter, where Dorsey tapped a top lieutenant – and now the company’s new CEO Parag Agrawal – to oversee a team that is attempting to construct a decentralised social media protocol, which will allow different social platforms to connect with one another, similar to the way email providers operate.
The project called Bluesky will aim to allow users control over the types of content they see online, removing the “burden” on companies like Twitter to enforce a global policy to fight abuse or misleading information, Dorsey said in 2019 when he announced Bluesky.
Bitcoin has also figured prominently at both of his companies. Square became one of the first public companies to own Bitcoin assets on its balance sheet, having invested $220 million (roughly Rs. 1,650 crore) in the cryptocurrency.
In August, Square created a new business unit called TBD to focus on Bitcoin. The company is also planning to build a hardware wallet for Bitcoin, a Bitcoin mining system, as well as a decentralised Bitcoin exchange.
Twitter allows users to tip their favourite content creators with Bitcoin and has been testing integrations with non-fungible tokens (NFTs), a type of digital asset that allows people to collect unique digital art.
Analysts see the transition as a positive signal for Square, the fintech platform he co-founded in 2009. Square’s core Cash App, after a bull run in its share in 2020, has experienced slower growth in the most recent quarter. It is also trying to digest the $29 billion (roughly Rs. 2,17,240 crore) acquisition of Buy Now Pay Later provider Afterpay, its largest acquisition ever.
But these ambitions will not pay off until years from now, analysts cautioned.
“The blockchain platform they’re trying to develop is great but also fraught with technical challenges and difficult to scale for consumers. I think he’ll focus more on Square and crypto will be part of that,” said Christopher Brendler, an analyst at DA Davidson.
© Thomson Reuters 2021
Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.
Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Twitter Bans Sharing Personal Photos, Videos of Other People Without Consent
Twitter launched new rules Tuesday blocking users from sharing private images of other people without their consent, in a tightening of the network’s policy just a day after it changed CEOs.
Beginning today, we will not allow the sharing of private media, such as images or videos of private individuals without their consent. Publishing people’s private info is also prohibited under the policy, as is threatening or incentivizing others to do so.https://t.co/7EXvXdwegG
— Twitter Safety (@TwitterSafety) November 30, 2021
Twitter said this policy does not apply to “public figures or individuals when media and accompanying tweet text are shared in the public interest or add value to public discourse.”
“We will always try to assess the context in which the content is shared and, in such cases, we may allow the images or videos to remain on the service,” the company added.
The right of Internet users to appeal to platforms when images or data about them are posted by third parties, especially for malicious purposes, has been debated for years.
Twitter already prohibited the publication of private information such as a person’s phone number or address, but there are “growing concerns” about the use of content to “harass, intimidate, and reveal the identities of individuals,” Twitter said.
The company noted a “disproportionate effect on women, activists, dissidents, and members of minority communities.”
High-profile examples of online harassment include the barrages of racist, sexist,and homophobic abuse on Twitch, the world’s biggest video game streaming site.
But instances of harassment abound, and victims must often wage lengthy fights to see hurtful, insulting or illegally produced images of themselves removed from the online platforms.
Some Twitter users pushed the company to clarify exactly how the tightened policy would work.
“Does this mean that if I take a picture of, say, a concert in Central Park, I need the permission of everyone in it? We diminish the sense of the public to the detriment of the public,” tweeted Jeff Jarvis, a journalism professor at the City University of New York.
The change came the day after Twitter co-founder Jack Dorsey announced he was leaving the company, and handed CEO duties to company executive Parag Agrawal.
The platform, like other social media networks, has struggled against bullying, misinformation, and hate-fuelled content.
Twitter Admits Policy ‘Errors’ After Far-Right Abuse Its New Rules of Posting Pictures
Facebook Messenger Is Launching a Split Payments Feature for Users to Quickly Share Expenses
What do Meta’s New Safety Initiatives to Protect Women Really Mean for Women in India?
WhatsApp Beta Testing Skin Tone Combinations for Couple Emojis on Android, Sticker Store on Desktop
Facebook Owner Meta Launches New Platform, Safety Hub to Protect Women in India
Clubhouse Adds Support for 13 New Languages Including Bengali and Marathi, Rolls Out ‘Topics’ Feature
Facebook and Instagram to launch Mena campaign to prevent child exploitation online
Facebook connects its Workplace to Microsoft Teams • The Register
The RNC Is Raising Funds Off Trump’s New Social-Media Platform
Which Social Media Network Do Teens Like the Most?
WhatsApp Warns About New ‘friend In Need’ Scams – Todayuknews
Pinterest shopping is helping people to find what they actually love
WHATSAPP2 weeks ago
WhatsApp may soon allow users to react to messages
FACEBOOK2 weeks ago
Upgrade Your Facebook Marketing Strategy for 2022
WHATSAPP2 weeks ago
WhatsApp now lets you create your own stickers
INSTAGRAM2 weeks ago
How many hashtags should you use to get the most ‘Likes’ on Instagram?
PINTEREST2 weeks ago
Getting the Most Out of Shopify
OTHER2 weeks ago
What is Social Listening, Why it Matters, and 10 Tools to Make it Easier
TWITTER2 weeks ago
Should Twitter politely warn users not to tweet hate speech?
WHATSAPP2 weeks ago
WhatsApp Reportedly Working on Playback Speed Feature for Audio Messages, Spotted Beta – Testing on iOS