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WeLab Ltd., a Hong Kong-based online lender that makes loans in China, looks at what apps people have downloaded, where they go using the phone’s GPS tracker, their social networks and their school records. It offers discounted interest rates for each extra piece of personal information that helps profile customers for credit ratings. Even worse, some student put up naked pictures as embarrassing collateral for their loans. Jeff and Anthony consider what they might give up for the money to get through college, and try to figure out how to work the system in their favor.
GET BONUS EPISODES, VIDEO HANGOUTS AND MORE. VISIT: http://patreon.com/wehaveconcerns
Get all your sweet We Have Concerns merch by swinging by http://wehaveconcerns.com/shop
Hey! If you’re enjoying the show, please take a moment to rate/review it on whatever service you use to listen. Here’s the iTunes link: http://bit.ly/wehaveconcerns And here’s the Stitcher link: http://bit.ly/stitcherwhc
Jeff on Twitter: http://twitter.com/jeffcannata Anthony on Twitter: http://twitter.com/acarboni
Today’s story was sent in by Ian Clasbey: http://www.bloomberg.com/news/articles/2016-06-21/phone-tracking-nude-selfies-see-chinese-bare-all-for-credit
If you’ve seen a story you think belongs on the show, send it to [email protected] or leave it on the subreddit:http://reddit.com/r/wehaveconcerns
By Jeff Cannata/Anthony Carboni4.9
18811,881 ratings
WeLab Ltd., a Hong Kong-based online lender that makes loans in China, looks at what apps people have downloaded, where they go using the phone’s GPS tracker, their social networks and their school records. It offers discounted interest rates for each extra piece of personal information that helps profile customers for credit ratings. Even worse, some student put up naked pictures as embarrassing collateral for their loans. Jeff and Anthony consider what they might give up for the money to get through college, and try to figure out how to work the system in their favor.
GET BONUS EPISODES, VIDEO HANGOUTS AND MORE. VISIT: http://patreon.com/wehaveconcerns
Get all your sweet We Have Concerns merch by swinging by http://wehaveconcerns.com/shop
Hey! If you’re enjoying the show, please take a moment to rate/review it on whatever service you use to listen. Here’s the iTunes link: http://bit.ly/wehaveconcerns And here’s the Stitcher link: http://bit.ly/stitcherwhc
Jeff on Twitter: http://twitter.com/jeffcannata Anthony on Twitter: http://twitter.com/acarboni
Today’s story was sent in by Ian Clasbey: http://www.bloomberg.com/news/articles/2016-06-21/phone-tracking-nude-selfies-see-chinese-bare-all-for-credit
If you’ve seen a story you think belongs on the show, send it to [email protected] or leave it on the subreddit:http://reddit.com/r/wehaveconcerns

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