It can get you fired, it can prevent you from getting hired, and now may even present an obstacle for obtaining a car loan or line of credit.

Lenders and companies have started looking at consumer’s Facebook profiles to learn more about their creditworthiness.

The Financial Times reports that FICO and Transunion are using this alternative route to make decisions and learn about consumers without traditional credit scores: young people, new immigrants in the country and even those who have yet to build a strong credit history. Certain key words and even your friends’ credit scores may offer indications upon your capability to repay debt.

“If you look at how many times a person says ‘wasted’ in their profile, it has some value in predicting whether they’re going to repay their debt,” said Will Lansing, chief executive at FICO. “It’s not much, but it’s more than zero.”

In August, CNN reported that Facebook had patented technology that would allow creditors to “use a borrower’s social network to determine whether he or she is a credit risk”. For more clarity, if you applied for a loan, the possible lender could look at the credit ratings and economic status of your Facebook friends to reach a decision. Even small things like how often you move (a sign of potential problems paying rent) and where you state you live and work (if it doesn’t match the location of the IP address) can hurt your scores, according to ABC Action News viagra billig.

Alternative non-traditional data includes: phone and utility bills, property and public records. Lenders and companies state they are taking this new approach because their primary client, banks, are concerned that denying people without traditional credit scores will impact overall bottom lines.