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Established Contributor
MojaveMoon
Posts: 509
Registered: ‎08-26-2008

lenders using social media to assess borrowers

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‎02-13-2013 02:09 AM - edited ‎02-13-2013 02:11 AM

"Getting A Car Loan Might Someday Depend On How Well-Updated Your LinkedIn Page Is"

http://consumerist.com/2013/02/12/getting-a-car-loan-might-someday-depend-on-how-well-updated-your-l...

 

"Lenders are turning to social media to assess borrowers"

http://www.economist.com/news/finance-and-economics/21571468-lenders-are-turning-social-media-assess...

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JM-AM
Posts: 3,303
Registered: ‎06-09-2010

Re: lenders using social media to assess borrowers

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‎02-13-2013 09:49 AM

While the Banks pretty much get away with many things, this will actually become an issue at some point when the law suits come rolling in.

 

By the way they are making judgements on rich or poor, black, white, green, or purple skin color, natural origin, etc etc..

 

It is a way of discriminating which is an illegal practice. But I am sure it is done many more times then we actually know about.

Good Luck
May all your dreams and wishes become a reality!
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