A recent discussion in a financial course brought to my attention that creditors, although subject to many privacy laws, can actually friend you on Facebook and see your activity. So, hypothetically, you add this random person who sends you a "friend request" even though you don't really know them. They see you just bought a new car from a picture with the caption "MY NEW CAR!!" Surprise! It's your creditor you've been trying to avoid... and although they cannot legally call you out on the site about your financial obligations, they know what alley to take to get their money (aka, your new car). Crazy, right? Not really, you allowed them to be your friend and see your activity. In reality, they probably wouldn't even have to friend you because it is likely you aren't aware of your privacy settings and rights and who on the site can see what information you have posted whether they are your friend or not.
To summarize: go check your privacy settings! Read the policies and be informed. Watch what you post and who you connect with...or simply remain socially abstinent!
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