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Established Contributor
MojaveMoon
Posts: 536
Registered: ‎08-26-2008

lenders using social media to assess borrowers

[ Edited ]

"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...

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

Re: lenders using social media to assess borrowers

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
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