Financial Influence of Friends (as reported by Jessica Sommerfield on Moneyning.com)

Creditors and lenders have found something new to look at when evaluating creditworthiness of individuals, their network of friends. Multiple news stories recently have spread the word that banks, insurance companies, and other financial institutions are using social networks to establish patterns of financials behavior among groups of friends when evaluating someone for financing. In addition to minding your own habits and credit history, it is now important for individuals to recognize the effect your close friends have on your finances. For more information, read the full article here.

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