Thursday February 25, 2021

Facebook friends could change your credit score

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.  More…

Posted by at August 26, 2013
Filed in category: Obvious, Social, Tabloid,

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