CINCINNATI, OH (FOX19) - Be careful who you friend on Facebook. There are now companies, like LendDo, that are using information about whether the people in your social media network are late making payments. They claim there's a correlation with you being late, too.
That could impact whether you're approved --- or rejected --- for loans with certain companies.
But some people in the financial industry are skeptical of the supposed link between your Facebook friends and your credit worthiness. They plan to keep using credit scores to determine whether you can buy a new car or house.