Facebook friends could change your credit score
Facebook friends could change your credit score
August 26, 2013: 3:04 PM ET
Some tech startups are using your online social data to determine your creditworthiness.
NEW YORK (CNNMoney)
Choose your Facebook friends wisely; they could help you get approved -- or rejected -- for a loan.
A handful of tech startups are using social data to determine the risk of lending to people who have a difficult time accessing credit. Traditional lenders rely heavily on credit scores like FICO, which look at payments history. They typically steer clear of the millions of people who don't have credit scores.
But some financial lending companies have found that social connections can be a good indicator of a person's creditworthiness.
One such company, Lenddo, determines if you're friends on Facebook (FB) with someone who was late paying back a loan to Lenddo. If so, that's bad news for you. It's even worse news if the delinquent friend is someone you frequently interact with.
"It turns out humans are really good at knowing who is trustworthy and reliable in their community," said Jeff Stewart, a co-founder and CEO of Lenddo. "What's new is that we're now able to measure through massive computing power."
http://money.cnn.com/2013/08/26/technology/social/facebook-credit-s...
Replies to This Discussion
-
Permalink Reply by apeman2502 on
-
...You mean I can borrow beer money from these guys?
-
-
Permalink Reply by Misteri on
-
I wish they would change my credit score!!!! LOL If I had any credit that is, living on cash only basis or the barter system!!!! Plus I really don't have any friends, lol, not on Facebook anyway!!!
-
-
-
Good thinking.
I have no interest in anything but surviving. They can track that all they want and give me as many suggestions as humanly possible, I will not complain!!!
But I have seen it done on other peoples computers. It would really bother me too. I do not seem to have that problem for some reason, wink, wink.
-
-
Permalink Reply by Christopher on
-
Face-Hook.
-
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
"cheeki kea, You might want to see predictions made by Robert Welch in 1957 and 1974 stating that…"
"cheeki kea, good points. We have a world full of twisted allied agendas that seem contradictory,…"
Ghislaine Maxwell & The Secret "Shadow" 9/11 Commission? | John Kiriakou
In this gripping excerpt from the Julien Dorey podcast, former CIA officer and whistleblower John Kiriakou reacts to a leaked email from 2003. The document r...
"Greetings to you Holyroller very awesome you've joined up with us all. I know you'll find…"
"Yes it's a sad and sorry situation we see evolving here. On one front and it's a large…"
When the Communists Take Over America!...Famous 1957 Anti-Communist Movie
"I remember this when I was a little seeing it on TV years after it was filmed and it scared me even…"
When the Communists Take Over America!...Famous 1957 Anti-Communist Movie
Starring Jack Webb and Robert Conrad, this 1957 movie by the United States Armed Forces Information Agency is perhaps the best known anti-communist movie eve...
Are the End Times Drawing Near?
Are we seeing the gradual fulfillment of the Battle of Armageddon? Think of it. The US and Israel…See More
Catherine Fitts: Epstein, CIA Black Budget, the Control Grid, and the Banks’ Role in War
Programmable digital currency is the final piece of the global control grid that’s finally snapping into place. Catherine Austin Fitts on how to defeat it. C...
Ключові слова в тексті: як органічно їх вписати в статтю
Що таке ключові слова і чому вони важливіКлючові слова — це слова або фрази, які користувачі…See More
Orwell - Football, Beer & Gambling
"kalau kamu cari tentang trik dan tips main slot online biar gampang menang, coba cek di situs…"
© 2026 Created by truth.
Powered by
