Your Facebook Friends May Harm Your Credit Score
August 28, 2013
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5:29Now PlayingYour Facebook Friends May Harm Your Credit Score
YouTube Description
as posted by the channel"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."* The Young Turks hosts Cenk Uygur and Ana Kasparian break it down.
Read more here from Katie Lobosco / CNN:
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