Reports are emerging this morning that banks may in the future check if your Facebook friends have a good credit rating before approving you a loan.
The social media site has apparently patented a new technology that would allow banks to check whether both your and your friend's credit histories, the Metro report.
According to a patent seen by internet news site Daily Dot if your group of friends 'failed' the credit check, so would you.
The patent says, 'When an individual applies for a loan, the lender examines the credit ratings of members of the individual's social network who are connected to the individual through authorized nodes. If the average credit rating of these members is at least a minimum credit score, the lender continues to process the loan application. Otherwise, the loan application is rejected.'
Read more: http://www.bristolpost.co.uk/Having-Facebook-friends-bad-credit-scores-affect/story-27721101-detail/story.html#ixzz3kZk8TQuW Follow us: @BristolPost on Twitter | bristolpost on Facebook
What if your friends list is protected? how do they get through that?
I've never used the silly soulless site anyway, it's for exhibitionists or nosy people too interested in other people's lives.
What if your friends list is protected? how do they get through that?I've never used the silly soulless site anyway, it's for exhibitionists or nosy people too interested in other people's lives.
I was just saying to my good fried Bill Gates, on face book last week I must have Phil, (Trump) round to dinner next Friday and it would be so senasational if Richard, could make it but Virgin Atlantic does tier him out you know.
I was just saying to my good fried Bill Gates, on face book last week I must have Phil, (Trump) round to dinner next Friday and it would be so senasational if Richard, could make it but Virgin Atlantic does tier him out you know.