Can Your Twitter and Facebook comments affect your credit?

Twitter and Facebook have already huge impact on your everyday life. Everything what you reveal online may cause unintended consequences. As a Real Estate Agent you are trying to be visible and active on at least few social network sites. And those sites are being used, and checked, and red. So far, I have heard about employers checking profiles, comments, pictures and any available content of their applicants.
Recently, I came across an article written by Erica Sandberg. She is stating that everything you and those in your network do and discuss online may be compiled and provided to creditors. Of course, if your settings are tuned to public. This includes your Facebook status updates, Twitter "tweets," joining online clubs, linking a Web site, and even posting comments on a news blog. Since you are desired to be found by as many potential customers as possible you keep your profile public.

Some Financial Institution access the information that you and your friends reveal online. Watch your behavior patterns - what you like and dislike, want and don't want, do well and do poorly. They gather all your social networking transmission in hope to help them identifying good credit customers and promote certain products.
Another reason - is lowering lending risk. Creditors are able to look how people in your network are handling accounts. If they are responsible cardholders or not. There is a better chance you will be too.

What you can do:

• Don't accept all invitations, check out the profiles first
• Be aware of what you write about
• Don't public information you don't want to be public
• Take an annual inventory of all your social networking sites, people and information

to read more: www.creditcards.com (Social Networking: Your key to eady credit?)