Social Data Will not Replace FICO, but Will Improve Credit Scoring
Skepticism of the use of social data for the purposes of evaluating borrowers' creditworthiness is fairly widespread, but it is misplaced....
Tag: social media
How You Use Facebook May Determine the Interest Rate of Your Next Loan
Social media data is used ever more aggressively by lenders for evaluating the creditworthiness of prospective borrowers and for minimizing fraud losses....
Tweet Your Way to Discounted American Express Gift Cards
American Express is giving free money on Twitter in the form of discounted gift cards. All you have to do is send out two tweets and the card is shipped to you....
How LinkedIn Profiles and Typing Styles Influence Creditworthiness
Lenders are using social media and other non-financial data to help establish the creditworthiness of loan applicants and other types of potential borrowers....
Facebook Ditches Credits, Keeps the 30% Payment Processing Fee
Facebook is phasing out Credits -- its digital currency -- but will keep charging a 30% payment processing rate, which is unsustainable in the long run....