Social Media Scoring Could Become Prominent Tool for Hiring

A few years ago, credit scores were foreign to Jamaica, until 2010 when the Credit Reporting Act was passed and its regulations a year later. This legislation allowed licensed credit bureaus, to compile and disclose ‘credit information’ about persons who file their data.

The credit score informs prospective lenders about one’s creditworthiness; and indicates the ability of that individual to pay his or her debts. Today, a credit score is even being requested by employers when hiring, especially at financial institutions.

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Katie Easton