Online tracking could kill your credit score

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http://www.abine.com/blog/2013/online-tracking-kill-credit-score/

If you’re friends with financially irresponsible people on Facebook, you might be irresponsible yourself.

At least that’s what some lending companies believe, and it’s why they’re incorporating thousands of online data points into their determinations of people’s creditworthiness. It’s the subject of a great CNNMoney story this week by Katie Lobosco.

As many as 8,000 pieces of online info may determine whether you get a loan, including things like your browsing behavior, tweets, Facebook friends, PayPal activity, public records, other people’s recommendations (or complaints) about you, geographic location, downloaded apps, and tracking cookies.

One company, called Kreditech, even analyzes the way in which you fill out your online loan form to “score” you. You lose points for using all caps and speeding through too quickly to read the details, but you get points for taking your time and using correct spelling and capitalization.