Web Wanders: No loans for loners


  • TECH
  • Saturday, 21 Sep 2013

GOOD REFERENCES: Some lending companies based in the United States are checking on your social media profile to determine your credit worthiness. - EPA

New methods in loan assessment may leave those who are aloof in online social circles out in the cold, but I think it shouldn’t be so.

MOST of us have already heard of situations where potential employers glean information about us from social media such as Facebook or Twitter in order to decide whether or not we are suitable for a particular job opening. But how would you feel if your creditworthiness was evaluated based on data taken from your social media profile?

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