According to the patent’s explanation, the credit rating of your Facebook friends could help the lender determine the credit approval, if you apply for a loan. In order for your loan to be approved, the average credit rating of your friends altogether needs to be at least a minimum credit score. It is unfair to have a system that would judge someone’s credibility of the friends they have online or offline. A move like this from Facebook could force people to unfriend someone based on their inability to pay loans, which very unlikely. Though nothing has been confirmed by Facebook how they would use this patent just yet. Further, to decide your creditworthiness, the lenders have to follow the laws that are in place. If the patent is put into effect, it may end up creating a situation that may not be comfortable to many Facebook users, specially in the Western countries.
