In case you haven’t seen this story – CNN.com is reporting that some credit check firms are starting to evaluate your credit based on your social networks. The idea is simple: birds of a feather flock together. That is, if you have friends who have poor credit, you’ll have poor credit as well. The idea might seem outrageous at first but the principle does seem to hold up. For example, its well know that fat people tend to associate together, so do criminals and drug users. There may be some truth to it.
Don’t take my word for it, feel free to check out the story at CNN here.
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