Noddle Go Use your credit rating : Special Offers
Could Your Facebook Friends Affect Your Credit Score?
Lenders could soon be scrutinising our social media pages before deciding to approve loans or credit cards. This means that our creditworthiness could be judged on who we’re friends with on Facebook or who we interact with on Twitter.
Why are they doing this?
The idea behind this form of credit assessment is that those who have a good credit record are more likely to socialise and be friendly with others with equally good credit records.
Assessing a person’s online presence can also help to build an idea of personality type so without even meeting you, a lender could build a picture of who you are and how responsible you may be as a borrower.
Could Your Facebook Friends Affect Your Credit Score?
Lenders could soon be scrutinising our social media pages before deciding to approve loans or credit cards. This means that our creditworthiness could be judged on who we’re friends with on Facebook or who we interact with on Twitter.
Why are they doing this?
The idea behind this form of credit assessment is that those who have a good credit record are more likely to socialise and be friendly with others with equally good credit records.
Assessing a person’s online presence can also help to build an idea of personality type so without even meeting you, a lender could build a picture of who you are and how responsible you may be as a borrower.
Comment