Facebook Chats Could Determine Your Credit Score
Have you cleaned up your FB Friends list lately? You might want to do that soon.
Finance companies may soon check your Facebook to determine your credit score.
Yes, you read that right. Financial institutions are now taking to Facebook to analyze your page and friends list to conclude your credit score if you don't have one.
Traditionally, lenders like FICO will only work with those who have credit scores, distancing themselves from the millions without a score at all.
Social connections, though, have been deemed a great indication of a person’s potential credit, so companies like Lenddo are studying FB to see who you interact with most, and how their credit reads.
Therefore, who you choose to chat with on FB could qualify or disqualify your chances of approval or rejection for a loan.
Are you scared to have Facebook determine your credit score? Tell us!
PHOTO CREDIT: IVCPOST.COM