Facebook Trails Used In Credit Checks | 101 KXL

Facebook Trails Used In Credit Checks

Written by Steve Leader on January 9, 2014
Dollar Bills

Your Facebook and Twitter trails could factor into your future credit score.  The Wall Street Journal reports a growing number of lenders, mainly startups that grant smaller loans, are already doing it.

Lenders are using social media not only to check creditworthiness, but also to check loan applicants identities.

Watchdog groups are growing concerned.  One credit scoring company, FICO, says the concept is likely to spread.

Posted Under: Business News, Local Headlines, Uncategorized

1 reply to “Facebook Trails Used In Credit Checks

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