Facebook friends could affect your credit score - Los Angeles News | FOX 11 LA KTTV

Facebook friends could affect your credit score

Posted: Updated:
CHICAGO (FOX 32 News) -

Choose your Facebook friends wisely. They may affect more than just your social or professional life.

A handful of tech startups are now using social data to determine the risk of lending to people. Traditional lenders rely mostly on credit scores, but some financial lending companies have found that social connections can be a good indicator of a person's creditworthiness.

For example, Lenndo checks to see if people are Facebook friends with someone who was late paying back a loan.

Follow Us!

Share Your Photos & Video

Powered by WorldNow

1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices