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While we were on break, a story broke about credit that blew my mind.

Brace yourself for this: Watch the company you keep, because your Facebook friends can lower your credit score.

Some lending companies think that social connections on Facebook can be a good indicator of a person’s creditworthiness. One site, Lenddo, determines if you’re friends with someone who was late paying back a loan to Lenddo. If you are, it’s bad news for you. And it’s even worse if the tardy debtor is your best friend—the more you interact with them online, the greater the concern of the lender.

That sounds like it can’t be legal. And even if it is, it doesn’t sound ethical.

The truth is that we’ve all left more digital fingerprints than we can count, and companies are figuring out ways to capture those fingerprints and capitalize on them. What you do on your computer is being monitored and judged. Information gathered from eBay and Amazon are amongst the 8,000 data points another company uses when reviewing a loan application.

Facebook and Credit  was originally published on

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