Mo Money Mo Problems

Better Un-Friend Your Scummier Buds Because They Could be Hurting Your Chances for a Loan

Guess this means no more Scumbag Steve memes? (Photo: Knowyourmeme.com)

Applying for a loan is annoying–the paperwork, the waiting, the vague fear that the financial institution where you’re sending your social security number, address, bank statements and tax returns could definitely steal your identity at the drop of a hat.

Now, as it turns out, some companies are going even farther than scrutinizing every dime you’ve spent over the last year: they’re combing your social networks to find out if you fraternize with lowlives so that they can deny you for a loan. Read More