In which country can your social media presence affect your credit rating?

Answer: The Philippines

by News Staff / September 20, 2013 0

“Tell me who your friends are and I’ll tell you who you are,” the old adage goes, and one financial firm is taking the idea to heart. Lenddo, a Philippines-based lender, looks at social network activity when determining credit ratings. By looking at the friends of those applying for credit, Lenddo says it can determine (to an extent) whether an individual is likely to pay back a loan or not.