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Your Facebook Friends Could Affect Your Credit?

Are you ready for the latest Facebook scandal? Apparently, your Facebook friends could affect your credit! They won’t affect your traditional FICO score, but there are a handful of new companies that are analyzing your Facebook friends to determine whether you’re a safe bet for credit. If you have friends who are delinquent or default on loans, it reflects badly for you.

Facebook’s total lack of respect for your privacy wasn’t enough to get you to quit. All the recent studies about how Facebook leads to depression weren’t enough either. Will Facebook messing with your credit finally be enough? See the full article from CNN Money here and decide.

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