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I do believe that if the system had a complete match on me it may be able to determine the average score based on my friends; but my biggest problem is that the system has too much conflicting information on me.
If that gets worked out, then, Yes; I do see a bank being able to better make decisions based on who you know similar to how some community banks already do this. But, at this point, I don't trust big banks to use the info responsibly.
Good luck!