Can social media impact your credit score?

A good credit history is generally the most important thing when applying for a loan, but some lenders look at social media.

With all the buzz about Facebook’s questionable approach to privacy, it’s only wise to wonder how information on social media could be used by companies, specifically lenders, to assess your application.

As a general rule, it won’t impact your credit score directly, but it’s still worth giving the idea a thought before applying. Let’s dig deeper.

Can my social media activities affect my chances of getting a loan?

Let’s get one thing out of the way: if you have a long credit history, a good credit score and are applying for a loan from a traditional lender (e.g. a big bank), you don’t need to worry about social media.

When you apply, traditional lenders usually carry out a credit check with one of the three main reference agencies (Experian, Equifax and TransUnion), none of which, at the time of writing, go anywhere near your social media accounts to compile your credit report.

However, some lenders complement that with a different approach, using big data to try and establish how likely you are to pay them back. In the following cases you may end up with your lender digging into your online life:

  • When you don’t have a credit history. Getting a loan with no credit history is more complicated and since there isn’t any information available about your financial behaviour, some lenders may look you up to try and get some clues of what your lifestyle looks like and whether you can afford to pay the loan back.
  • When you want to borrow from a digital-only lender. Not all of them do it, but fintech companies are more likely to use big data to assess your application. Some of them are open about it: lender Zopa told The Guardian it uses “a large number of variables, a mix of questions and insight collected via big data” when considering an application.
  • When you’re asked to apply using your Facebook profile. This isn’t a very common approach yet, but if you come across it, it should raise a red flag. You’ll be asked for permission, but if you grant it, the lender may be able to access all your Facebook profile information, including what your privacy settings say will only be shared with your friends. If you aren’t on board with that, you may want to find another lender.

What’s the deal with big data?

At this point, you may be wondering what big data has got to do with anything and why lenders would be interested in the pictures of your meals or anything else you post on Instagram.

Generally, when you hear about “big data”, people talk about the whole lot of information that’s available on the Internet about who you are, what you like and what you may be interested in buying. Loads of it is on social media and is used daily to target the advertising you come across.

Lenders can potentially use that to verify your claims and to cross-check the information you’re providing. Do you appear to have an over-the-top lifestyle? Does your Linkedin page confirm your job title? Does it look like you can afford loan repayments?

Can social media help me to get a loan if I don’t have a credit history?

It might, in some cases. FriendlyScore, for example, is a London-based startup that provides a new kind of credit score based entirely on big data and artificial intelligence.

If you don’t have a credit history, it may help you get a loan because it looks at other things than those checked by the credit reference agencies.

All things considered, the use of social media to assess applications is a bit of a mixed bag: on one hand, it may grant trustworthy people who don’t have a credit history easier access to credit, but on the other, it may also lead to more applications rejected for unclear reasons. Until it becomes more widely used, much remains to be seen.



  • Check your privacy settings. If you’re posting something that’s only meant for your friends, make sure you’ve got the right privacy settings.
  • Be extra careful with Twitter. It doesn’t have any private profile option, so you don’t really want to write anything there that you wouldn’t be comfortable with if your lender (or your boss, for that matter) read it.
  • Research your lender. You may be able to gather some basic insight on how it assesses applications.
  • Read the small print. If you’re asked to authorise access to your social media accounts, make sure you know exactly what you’re giving permission for.


  • Don’t lie during the application process. That’s a general rule that’s always been valid. Social media has only made it easier to verify information.
  • Don’t post stuff you aren’t comfortable with sharing. Especially on social media where everything you do is public, such as Twitter or Linkedin.
  • Don’t apply for financial products using your Facebook profile. If you can’t help it, go over your profile and try to get rid of anything a lender may not like.

Compare personal loans

Table: sorted by representative APR, promoted deals first
1 - 6 of 6
Name Product Total Payable Monthly Repayment Representative APR Link
Zopa Personal Loan
View details
Representative example: Borrow £1,500.00 over 3 years at a rate of 19.9% p.a. (fixed). Representative APR 19.9% and total payable £1,959.84 in monthly repayments of £54.44.
Novuna Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 5.9% p.a. (fixed). Representative APR 5.9% and total payable £10,910.52 in monthly repayments of £303.07.
Fluro (formerly Lending Works) Personal Loan
Check eligibility
View details
Representative Example: Assumed borrowing of £7,500.00 over 48 months at 16.9% APR representative. Monthly cost of £211.47. Total amount repayable of £10,150.38. Interest rate of 15.7% p.a.(fixed) and total fees of £150.00.
Barclays Bank Existing Current Account Customer Barclayloan
View details
Representative example: Borrow £25,100.00 over 3 years at a rate of 13.1% p.a. (fixed). Representative APR 13.1% and total payable £30,173.76 in monthly repayments of £838.16.
Lloyds Bank Existing Customer Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 5.9% p.a. (fixed). Representative APR 5.9% and total payable £10,910.52 in monthly repayments of £303.07.
My Community Bank Personal Loan
Check eligibility
View details
Representative example: Borrow £6,000.00 over 4 years at a rate of 18.85% p.a. (fixed). Representative APR 18.85% and total payable £8,335.00 in monthly repayments of £173.64.
Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.

The bottom line

In most cases, you don’t need to worry about your social media activities when applying for a loan and there’s no way it will end up on your standard credit report. However, some lenders may use big data to evaluate your application, especially if you don’t have much of a credit history.

In general, if you’re posting something you’re not entirely comfortable with sharing publicly, double-check your privacy settings and make sure only your friends can see it. Lenders aside, employers are known to check future employees’ social media all the time, so it’s really not worth the risk.

Finally, times are changing, fast, so it’s perfectly possible that lenders will, in time, start to look at more than just the traditional factors.

Frequently asked questions

Read about how different factors can affect your score

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site