Can Your Smartphone Wreck Your Credit Score?

Credit Score

Can Your Smartphone Wreck Your Credit Score?

Can Your Smartphone Wreck Your Credit Score?

Credit scores have traditionally been based on past data: Lenders analyze a borrower’s payment history, her amount of debt and credit age in order to determine how likely she is to pay back her debt. But as society becomes more data-driven, could lenders start turning to smartphones to measure our creditworthiness? In developing parts of the world, a few already are. Several Silicon... Read More

China’s Big Credit Score Idea: Should You Be Scared?

Credit Score

China’s Big Credit Score Idea: Should You Be Scared?

China’s Big Credit Score Idea: Should You Be Scared?

Imagine a “credit score” that didn’t measure the likelihood that you will pay bills, but instead the likelihood that you’ll be a troublemaker. To your town, or your company or your government. Your “citizen score” would drop if you posted anything negative on social media — or if any of your friends posted anything negative. Your purchase... Read More

Are We One Step Closer to Your Facebook Friends Impacting Your Credit?

Credit Score

Are We One Step Closer to Your Facebook Friends Impacting Your Credit?

Are We One Step Closer to Your Facebook Friends Impacting Your Credit?

The U.S. patent office granted Facebook an updated patent on technology that would allow lenders to evaluate loan applicants based on their social network connections, reports VentureBeat. The technology tracks how closely (or not) people are connected. The technology is employed to minimize spam (people sending messages to those with whom they have no relationship)... Read More

3 Kinds of Information You Should Never Share on Social Media

Identity Theft

3 Kinds of Information You Should Never Share on Social Media

3 Kinds of Information You Should Never Share on Social Media

The digitization of information and the popularity of social media may be putting consumer privacy at risk now more than ever. Some social media users, teenagers especially, may be unaware that the information they share — from their location to their paycheck — could be used for identity theft and fraud. About 92% of teenagers post... Read More

Police Hope Software Will Stop Crime Before It Happens

Identity Theft

Police Hope Software Will Stop Crime Before It Happens

Police Hope Software Will Stop Crime Before It Happens

The promise to local police departments is simple: Buy our software, and we will help you prevent crime before it happens. How? Through a social media “listening lens.” Called “SnapTrends,” the web-based service sifts through every Facebook status, Tweet, Instagram photo, YouTube video and other social media post within a designated area. That “listening lens”... Read More

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