In the Philippines, credit checks based on social media profiles

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Recruiters are already using social media sites to find out more about job applicants' histories and personality, so it stands to reason that other industries might follow suit. Sure enough, Lenddo is a financial lender based in the Philippines that takes into account customers' social network activity when determining their credit score. Recognizing that there are consumers who have the ability and intention to pay back a loan, but don't have a credit history because they've never borrowed before, Lenddo offers its financial services to those who can be vouched for by members of its customer community. When applying for…

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