When will your Facebook page impact your Credit Score?
Having lenders check your Facebook page is not something that could happen in some future situation, it is going on now!! Private companies are starting to figure out ways to automate the process. It is time to realize that the IRS, employers, lenders, and other government agencies are checking your Facebook page thoroughly. It may be time to look through your wall posts again and edit some things.
From the FICO website; On April 1, 2013, FICO announced that it had acquired Infoglide Software, a leading provider of entity resolution and social network analysis solutions, used primarily to improve fraud detection, security and compliance. The transaction is closed.
Infoglide’s solutions expedite fraud investigations and will further differentiate FICO’s industry-leading fraud solutions in banking, insurance, retail and healthcare, as well as enabling FICO analytics to be applied to fraud, security and compliance challenges across multiple industries, including telecommunications and cyber-security.
The Infoglide acquisition further extends FICO’s leadership in enterprise fraud management. The company’s solutions include FICO® Falcon® Fraud Manager, which protects more than 2.5 billion payment accounts worldwide; FICO® Insurance Fraud Manager and FICO® Application Fraud Manager. FICO was recently awarded “best-in-class” status by CEB TowerGroup for card fraud and enterprise fraud management, and named a leader in the Q2 2013 report The Forrester Wave™: Enterprise Fraud Management.