Credit card companies won't just be looking at late payments to decide who gets loans, but also location, profession, and shopping habits, according to the firm Casey Research.
Consumers who happen to live in an area with a high foreclosure rate or who work in real estate, construction, or the auto industry also might find it more difficult to take out credit cards, says Casey Research. Even shopping at Walmart could raise a red flag, adds chief executive Olivier Garret.
Does that remind anyone else of George Orwell's novel 1984? I'd like to be able to shop where I want without worrying about being penalized for it. And when did it become a bad thing to shop at a store with low prices?