Thursday, May 24, 2012

 
 
 
 
 
Shocker: Facebook and other "social networks" could damage your credit score
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Monday, January 09, 2012
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From ValueWalk:

Forget "you are what you eat." When it comes to your trustworthiness as as borrower, you are who you know... online.

Social networks are now being used by some lenders to evaluate whether you're likely to pay them back.

The New York Observer reports that, while this methodology is still a few years away from common use by major banks, smaller institutions such as...

Read full article...

More on credit:

Seven simple ways to build a stronger credit score

How to improve your credit score without using credit cards

Dr. Eifrig: Two free and easy ways to keep track of your credit

Topics: Technology | Credit_Cards | Privacy
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