You've been served - on Facebook?

Before you go, we thought you'd like these...
Before you go close icon
The popular social-networking site Facebook has blossomed into a gathering place for professionals, teenagers and a place where old friends can reunite to catch up on all of life's changes. But apparently "friends" may not be the only ones tracking you down.

An Australian court recently ruled that the site could be used by a lender to serve "virtual" papers to a couple, notifying them that their house would be repossessed for failing to keep up with their mortgage payments.

It's just the latest example of how lenders, colleges and employers are all becoming hip to the social-networking scene and how keeping your profile online for the world to see could actually hurt you in the long run.

There have been several cases of posts on social-networking sites backfiring on individuals -- from students being denied college enrollment or degrees, job seekers missing out on their dream job and even a college football player being kicked off the team -- all because of an inappropriate comment or photo on their profiles.

So before you add your profile, post a message on your friend's wall or update your photo album, you may want to consider how it will reflect on you or just who may find it online.
Read Full Story

Markets

S&P 500 2,359.66 1.09 0.05%
DJIA 20,653.63 -47.87 -0.23%
NASDAQ 5,889.17 14.03 0.24%
DAX 12,203.00 53.58 0.44%
NIKKEI 225 19,217.48 14.61 0.08%
HANG SENG 24,392.05 46.18 0.19%
USD (per EUR) 1.08 -0.01 -0.52%
USD (per CHF) 1.00 0.00 0.47%
JPY (per USD) 111.02 -0.21 -0.19%
GBP (per USD) 1.24 0.00 0.06%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

People Have Been Making Chicken Wrong The Whole Time - Here's The Best Way To Do It People Have Been Making Chicken Wrong The Whole Time - Here's The Best Way To Do It
Glass-Printed Photos from Fracture Are an Easy Way to Make Your Room All Nice and Pretty Glass-Printed Photos from Fracture Are an Easy Way to Make Your Room All Nice and Pretty
Farmer Came Outside To Check On The Animals - And Found This In Her Pasture Instead Farmer Came Outside To Check On The Animals - And Found This In Her Pasture Instead