Social Media Affecting Credit Decisions

Community Leader
Registered: 07-26-1999
Social Media Affecting Credit Decisions
3
Fri, 01-10-2014 - 9:42am

Looking up loan applicants’ social media activity has become a popular trend among lenders, and major credit rating agencies like Fair Isaac Corp (FICO) are starting to catch on.

Read more: http://dailycaller.com/2014/01/09/why-your-facebook-could-start-affecting-your-credit-score/#ixzz2q0Sxy4vP

I thought this was an interesting article. 

I wondered about how friends you have could influence your credit, one way or the other.  I know personally I am very selective about who I have on my friends list, why should who I have be related to or have on my friends list have any bearing whatsoever on whether or not I am credit worthy if I choose to use credit?  But this article goes into more depth about that issue:

http://money.cnn.com/2013/08/26/technology/social/facebook-credit-score/index.html

Thoughts on the articles?

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iVillage Member
Registered: 12-31-2010
Sun, 01-12-2014 - 10:55am
I could not read it for some reason, but social media is a big deal. HR departments will all search your name as part of a background check, so why not lenders?
#Marie
iVillage Member
Registered: 12-31-2010
Sun, 01-12-2014 - 10:55am
I could not read it for some reason, but social media is a big deal. HR departments will all search your name as part of a background check, so why not lenders?
#Marie
iVillage Member
Registered: 12-31-2010
Sun, 01-12-2014 - 10:55am
I could not read it for some reason, but social media is a big deal. HR departments will all search your name as part of a background check, so why not lenders?
#Marie