What credit companies know

What Does Your Credit-Card Company Know About You?

In a New York Times article, Charles Duhigg (@cduhigg) explains what credit card companies know about their customers by collecting enormous amounts of data and drawing psychological and behavioural lessons from them. For example “People who bought carbon-monoxide monitors for their homes or those little felt pads that stop chair legs from scratching the floor almost never missed payments. Anyone who purchased a chrome-skull car accessory or a “Mega Thruster Exhaust System” was pretty likely to miss paying his bill eventually.”

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