Social info may have financial implications

02/19/2010 | KGO-TV (San Francisco)

Privacy advocates and financial professionals are concerned about the availability of personal financial information on Facebook and other social networks. Experts note that companies such as RapLeaf compile and sell publicly available social-networking data to financial institutions. "You're talking about the debt you have or you're not going to pay your bills. That information is out there and it could be used for you or it could be used maybe against you," said Erica Sandberg, a personal-finance expert.

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