Scope (?):  All Topics
2 3
7 1 1
Hot or Not?

Lenders Mine Facebook, Twitter For Info On Borrowers

submitted on June 4, 2010 by orangearrows in "Member's Lounge"

Social media networks provide a wealth of information ripe for the taking. So-called "social media monitoring" services like Trackur and Rapleaf analyze sites like Facebook, Twitter,, and and help companies track consumer opinions about brands and trends.

Andy Beal, the owner of Trackur, told the Pittsburg Post-Gazette that many companies--among them, credit lenders and debt collectors--are now using social media monitoring services to "match online profiles with real world identities."

The online Lending Club, for instance, scans loan applicants' social networking profiles in addition to performing the usual credit and income checks. What this means, the Post-Gazette reports, is that creditors are realizing how social media profiles can provide unique insights that a traditional credit history cannot.

  • 64662
    1 1
    12 6 1
    Posted by mooncow728 on June 4, 2010
    [reply] 1 0
    Well right before you get a loan from them, change your page. You could put something like 'Bills are the greatest thing in the world!' and 'I have all this extra money that I don't need, who should I give it too? Aha I'll give it to a bank!' You could even change the picture on the page to you tossing money up in the air and let it rain on you! Smile

    On a more serious note though, this is ridiculous. I actually know a few people that have gotten fired for things they've said on facebook and myspace. Nothing confidential about their workplace, but their own personal opinions of coworkers.

    Then this makes it so if you've complained about being broke or said you had been buying stuff like crazy then you might not get a loan? Wow...

Leave a Comment (members Sign in to comment)


E-Mail (will not be published)

2 x 3 = ?


'Mr Green''Neutral''Twisted''Arrow''Eek''Smile''Confused''Cool''Evil''Big Grin''Idea''Red Face'



Browse by tags