Around the Net

Lenders Mining Social Media For Creditworthiness

Joining potential employers, educational institutions and life partners, lending companies are mining social media channels to determine individuals’ and businesses’ character and creditworthiness. “Lending companies … are looking at potential problems, such as whether applicants put the same job information on their loan application as they posted on LinkedIn,” The Wall Street Journal reports. “A small business that draws negative reviews on eBay also could undermine its chances of getting more credit, lending companies say.”
 

Read the whole story at The Wall Street Journal »

Next story loading loading..