Created: Tue, 27 Aug 2013 12:34:00 EST
Updated: Tue, 27 Aug 2013 12:36:37 EST
New credit rating companies are using social media to determine a borrower's risk. If you've got Facebook friends with bad credit -- it could hurt your chances of getting a loan. It's even worse if that person is someone you frequently talk to. The lenders assume people have a lot in common with their friends.