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The problem would be all the data you _don't give_ You act like everyone is a good citizen, you may be, I may be, but people out there will cheat if left to th
by chrisan 9y ago
The problem would be all the data you _don't give_
You act like everyone is a good citizen, you may be, I may be, but people out there will cheat if left to their own reporting
- twblalock 9y agoYep, and the downside of that is that so many people will lie that lenders will assume everyone is lying. People with good credit who have nothing to hide would be worse off under a self-reporting regime because lenders won't believe them and will turn down their applications or demand an invasive level of financial information.