Nov 052015
 
 November 5, 2015  Featured News, Online

 

AJC reports:

… According to a report by the Financial Times, some of the top credit rating companies are now using people’s social media accounts to assess their ability to repay debt. So if you want to be able to qualify for a loan and borrow money, this is just another reason to avoid saying certain things on Facebook.

“If you look at how many times a person says ‘wasted’ in their profile, it has some value in predicting whether they’re going to repay their debt,” Will Lansing, chief executive at credit rating company FICO, told the FT. “It’s not much, but it’s more than zero.”

Read more on AJC.

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