Friends on Facebook are affecting your credit score

ByPollyalida

In the United StatesCredit scoreThe credit deviation value called, has a great influence on job hunting. However, when using Facebook, it seems that this credit score may change significantly depending on friends on Facebook.

Facebook friends can change your credit score - Aug. 26, 2013
http://money.cnn.com/2013/08/26/technology/social/facebook-credit-score/index.html

Emerging money lenders use data on SNS to reduce the risk of lending money to people who are difficult to withdraw on time. A conventional financial companyFICOI was relying on credit scores like, but this seemed to avoid the opportunity to lend money to millions of people who do not have credit scores. After that, however, multiple financial companies find that the connection on social is just a good indicator of the credit value of a person.

ByTerry Chay

LenddoLet's see if a friend on Facebook has delayed the payment of a loan to Lenddo. If you have experienced friends who have been late for payment or communicate frequently with those friends, that could lower your credit score. "Jeff Stewart, co-founder and CEO of Lenddo, says," Facebook helps to determine who is truly reliable and trustworthy in the community ".

KreditechIn German companies like Germany seems to use 8000 data when making a loan review, in addition to information from accounts such as Facebook, eBay, Amazon, etc., information on how customers behave online It is said that it is gathering up to. This suggests that if you spend some time reading Klo's information on the Kreditech site, the probability that you will be able to lend you money increases. Furthermore, Kreditech seems to judge credibility also from information such as location information, the address to be entered at the time of user registration and the location of the company, such as whether or not the user 's computer exists at those addresses.

ByJohn Bennett

Operate an online service to prepay cash to small companiesKabbageSo we are looking at the company's owner's FICO score as reference information and saying "We can get better and faster data" means Kabbage's chair and co-founder Marc The word of Gorlin. Borrowers publish information on sales and delivery in reality and also grant Kabbage access to PayPal, eBay and other online payment service accounts. It says that Kabbage has confirmed the business credibility and sometimes cast money to those accounts in just seven minutes. In addition, judging by this method, only the company of 20% or less was delayed payment of the loan.

Kabbage is a small business owner selling products online, Lenddo and Kreditech are middle-class people in emerging markets where credit is hard to gain in regular loan groups, and about 250,000 members in Lenddo, mainly in the Philippines, Colombia, Mexico We have separate target targets, respectively. Kreditech accepts 1000 applications per day and creates 10 million loan contracts each year, and Kabbage lends money in the range of $ 500 (about 50,000 yen) to $ 50,000 (about 4.9 million yen) , It is expected to provide 75,000 cash advance payments in 2013, and it is clear that these services have great support.

However, some people are skeptical that data on SNS and behavior on-line in the financial industry affect credit scores.Credit SesameJohn Ulzheimer says, "Social data does not necessarily indicate whether the borrower will return the money according to the deadline." This is because consumers can write on Facebook and Twitter, and they can freely control friendship within those communities.

BySki Mask Kid

The fact that many emerging money lenders are watching credit score judgment materials, such as SNS and online behavior, may be one of the headache for managers who strive for hard work. not.

ByLeland Francisco