Your Social Media Activity Could Prevent You From Getting A Loan

Some lenders are now using social media to determine if borrowers are credit worthy. But consumer advocates worry this could lead to financial institutions unfairly denying loans.

By now, you likely already know it's not unusual for human resource managers to judge you by your Facebook and Twitter presence (in addition to your resume, of course). But it appears a number of small lending companies are using social media as a criteria to determine whether to finance potential borrowers--and even Fair Isaac Corporation says it might one day include social media in its FICO credit score, which currently doesn't factor in employment history or salary.

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