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They should require several forms of photograph identification such as a drivers license and/or passport. That would make it more difficult to open a line of c
by u801e 7y ago
They should require several forms of photograph identification such as a drivers license and/or passport. That would make it more difficult to open a line of credit or get a loan, but it would definitely cut down on fraud.
- harryh 7y agoSo people without passports (roughly 2/3rds of Americans) shouldn't be able to get loans?
- u801e 7y agoAccording to https://www.finder.com/personal-loan-documents https://www.finder.com/personal-loan-documents, lenders require at least two forms of government issued identification. Also, applying for and keeping a passport requires one to pay about $110 every decade. In my experience, having a passport makes it much easier to do various things that require identification.
- ryanlol 7y agoWould it really? You can buy good quality fake scans/photos for like $50.
- u801e 7y agoPerhaps, but when the creditor/lender needs to provide proof that they interacted with the consumer and shows a copy of the faked identification as "proof", it should be easy enough for the consumer to hold the lender liable for the bad credit report.