Jul 022017
 

"A handful of tech startups are using social data to determine the risk of lending to people who have a difficult time accessing credit. Traditional lenders rely heavily on credit scores like FICO, which look at payments history. They typically steer clear of the millions of people who don't have credit scores.

But some financial lending companies have found that social connections can be a good indicator of a person's creditworthiness."* The Young Turks hosts Cenk Uygur and Ana Kasparian break it down.

Read more here from Katie Lobosco / CNN:

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Your Facebook Friends May Harm Your Credit Score

"A handful of tech startups are using social data to determine the risk of lending to people who have a difficult time accessing credit. Traditional lenders rely heavily on credit scores like FICO, which look at payments history. They typically steer clear of the millions of people who don't have credit scores.

But some financial lending companies have found that social connections can be a good indicator of a person's creditworthiness."* The Young Turks hosts Cenk Uygur and Ana Kasparian break it down.

Read more here from Katie Lobosco / CNN:
http://money.cnn.com/2013/08/26/technology/social/facebook-credit-score/index.html

Support The Young Turks by Subscribing http://www.youtube.com/user/theyoungturks

Like Us on Facebook:
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Support TYT for FREE by doing your Amazon shopping through this link (bookmark it!) http://www.amazon.com/?tag=theyoungturks-20

Buy TYT Merch: http://theyoungturks.spreadshirt.com/

Support The Young Turks by becoming a member at http://www.tytnetwork.com/member-options/. Your membership supports the day to day operations and is vital for our continued success and growth. In exchange, we provided members only bonuses! We tape a special Post Game show Mon-Thurs and you get access to the entire live show at your convenience in video, audio and podcast formats.

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