"Lending companies are mining Facebook, Twitter and other social media to help determine a borrower's creditworthiness or identity, a trend that is raising concerns among consumer groups and regulators ..."
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This goes to show you how open your life beomes when joining social media. So if you want to stay private, then go ahead and sign up, but be very limited to what you post, become whats known as a "Troller"
Social Media has always been this grand idea about connecting.
Although the truth is, Facebook has rapidly slowed down due to changes they have made in news feeds, yet they still are there for anyone and everyone to look at your past, present and especially photos. Even in the bankcard world of merchanting, you are being looked at, Googled, and searched.
"So Keep it clean and Lets Fight"