Thursday August 06, 2015

Facebook Patent Determines Creditworthiness By Your ‘Friends’ List

If this is true, you better start recruiting better friends on Facebook. You can always add me to your friends list, not for better credit, but someone to hang out with when we are all denied credit thanks to Zuck's patent. big grin

"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 (connections)," the patent states. "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."