Your social media profile could get you rejected for a loan

http://socialnetworkingnews.org/your-social-media-profile-could-get-you-rejected-for-a-loan/

Social media has filtered into almost every aspect of our lives. Whether you’re connecting to colleagues on LinkedIn, celebrities on Twitter or friends and family through your Facebook profile, all eyes in your network have seen what you’ve been up to recently.

But they are no longer the only prying eyes keeping tabs on your recent activity. As more businesses jump aboard social networks, whom you associate with online could become detrimental when financing a car or obtaining other types of loans.

According to startup lending companies like LendUp, the friends you connect with on your Facebook profile could jeopardize your loan application. A select few alternative lending businesses have taken to social media platforms like Facebook, Twitter, LinkedIn and Yelp! to determine whether you’re worthy of a new line of credit.

Source: www.dallasnews.com

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