Facebook Friends May Impact Your Credit Score

Real Estate

Facebook Friends May Impact Your Credit Score

 

According to a new study "Credit Scoring with Social Network Data", brings light to new social credit scoring and shows it helps to have friends on social networks with good credit scores. Thinking about purchasing a home in Fredericksburg? Who are you friends with on Facebook?

This study by Yanhao Wei, Pinar Yildirim, Christophe Vanden Bulte of University of Pennsylvania and Chris Dellarocas of Boston University.

People all around the world, not just in Virginia, lack access to credit due to inadequate credit. Could social data hold the keys to your new home in Fredericksburg, Stafford VA?

So what does this mean? If your thinking of purchasing a home in Fredericksburg, Stafford VA should you scout out Facebook and send out multiple friend request to those you may think have great credit?