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Published: Monday, November 02, 2015 @ 6:12 PM
Updated: Monday, November 02, 2015 @ 6:12 PM
Many people are guilty of over-sharing on Facebook -- whether they realize it or not -- and the potential consequences of what people post on social media are getting even worse.
There once was a time when the only thing at stake was your reputation, but those days are long gone. Most people are well aware of the potential risks of social media these days, and it's no secret that a Facebook post can get you fired from a job or prevent you from getting a job in the future.
But your Facebook profile now poses a new threat -- to your credit score.
According to a report by the Financial Times, some of the top credit rating companies are now using people's social media accounts to assess their ability to repay debt. So if you want to be able to qualify for a loan and borrow money, this is just another reason to avoid saying certain things on Facebook.
“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,” Will Lansing, chief executive at credit rating company FICO, told the FT. "It's not much, but it's more than zero."
Lansing said FICO is working with credit card companies to use several different methods for deciding what size loans people can handle, and using non-traditional sources like social media allows them to collect information on people who don't have an in-depth credit history. According to the FT, both FICO and TransUnion have had to find alternative ways to assess people who don't have a traditional credit profile -- including people who haven't borrowed enough to give creditors an idea of what kind of risk they pose.
According to Lansing, FICO is "increasingly looking at data on a spectrum" to determine an individual's credit-worthiness -- with credit card repayment history being the most important factor on one end and information volunteered via social media on the other end.
And social media isn't the only alternative source factoring in to people's credit-worthiness. Credit rating companies are also using individuals' payment history on phone bills, utility bills and even movie rentals. One good sign to creditors is if someone hasn't moved a lot -- which could suggest they've had problems paying rent.
“We can now score the previously un-scoreable,” said Jim Wehmann, executive vice-president for scores at FICO.
Published: Sunday, January 21, 2018 @ 8:18 PM
Published: Sunday, January 21, 2018 @ 4:43 PM
Lawmakers in Congress on Sunday failed to reach a deal on plan to fund the federal government, meaning the work week will being with furloughs for hundreds of thousands of federal workers across the nation, but there was a hint of progress as a Senate vote on a temporary funding measure was delayed until noon on Monday, with Republican leaders offering a plan which would guarantee a Senate debate on immigration matters in February, in hopes that Democrats would then help to fund the government in the meantime.
“Let’s step back from the brink,” Senate Majority Leader Mitch McConnell said on the Senate floor late on Sunday evening, as he urged Democrats to allow the government to re-open, and continue negotiations on a host of issues, including immigration.
“The shutdown should stop today,” McConnell added.
McConnell outlined a plan to fund operations of the government through February 8, and said that if by that date no agreement had been reached on how to deal with DACA and illegal immigrant “Dreamers” in the United States, then he would agree to bring the issue up on the Senate floor for debate and votes.
That immediately won the support of two Republicans who have been trying to broker a deal on the issue.
“The Senate should act like the Senate,” said Sen. Jeff Flake (R-AZ), who endorsed the idea of regular order on the Senate floor on immigration.
“This is more than a reasonable proposal by the Majority Leader,” said Sen. Lindsey Graham (R-SC), who spent much of the last three days shuttling between McConnell, Senate Democratic Leader Charles Schumer, and a host of Senators in both parties, in search of common ground.
“It would be my intention to resolve these issues as soon as possible, so we can move on to other issues important to our country,” McConnell added.
But Senate Democrats were not ready to accept, as Senate Democratic Leader Charles Schumer objected to McConnell’s attempt to hold a vote Sunday night on the plan for a temporary budget that would last until February 8, which is just 18 days away.
Still – Senate observers saw that as a positive, as neither McConnell nor Schumer engaged in any scorched earth exchanges, unlike earlier in the day. To some, that may mean a deal is in the works.
Originally, the Senate was to have voted at 1 am on Monday morning, but that vote was delayed until noon, as Republicans
hope Democrats will re-think their opposition, and allow a funding measure to go through the Congress.
Published: Sunday, January 21, 2018 @ 7:11 PM
BARSTOW, Calif. — Former Disney Channel star Orlando Brown was recently arrested following what authorities say was a violent altercation at an apartment in California.
The 30-year-old “That’s So Raven” actor was reportedly engaged in a dispute with his girlfriend and his girlfriend’s mother when an officer from the Barstow Police Department arrived on the scene at around 8 a.m. Thursday.
The officer realized there were active arrest warrants on Brown and his girlfriend’s mother, so they were both arrested and booked into the San Bernardino County Sheriff’s Department Barstow Jail, according to a police press release.
Brown’s bail was set at $25,000.
Published: Sunday, January 21, 2018 @ 5:39 PM
LAS VEGAS — John Coleman, who helped found and develop The Weather Channel, died Saturday at his home in Las Vegas. He was 83.
Coleman, a longtime weatherman, innovated the position when he started at Good Morning America, according to the Washington Post.
Coleman started The Weather Channel in 1981 with Joseph D’Aleo. Coleman left the network and continued forecasting on stations in New York and Chicago. He last worked in San Diego until he retired in 2014, according to the Washington Post.
We are deeply saddened to report that longtime KUSI weatherman and founder of The Weather Channel, John Coleman has passed away at age 83.— KUSI News (@KUSINews) January 21, 2018
Full story: https://t.co/Yt3dIOSnkz pic.twitter.com/D11tL14pXV