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Facebook to examine your social network on behalf of lenders

2 pointsby burenover 9 years ago

1 comment

burenover 9 years ago
"In a fourth embodiment of the invention, the service provider is a lender. When an individual applies for a loan, the lender examines the credit ratings of members of the individual's social network who are connected to the individual through authorized nodes. If the average credit rating of these members is at least a minimum credit score, the lender continues to process the loan application. Otherwise, the loan application is rejected. "
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