In the digital age, everything is open. Consumers can complain online if they can't reach the companies they have issues with, but tweeting about your latest bill could also be hurting your credit, according to
American Consumer News.
Some might consider it unethical or an intrusion of privacy, but banks are using social networking sites to determine whether to extend, take or deny you credit. Lenders are doing the same thing: looking at Facebook profiles, reading posts and blogs about people having trouble paying their bills. From reading the posts, lenders can determine if you're a high risk borrower and decide to raise your interest rate or turn you down.
Read the full article at
American Consumer News by clicking
here.
