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Until someone else applies for credit with your identity.
by cheriot 5y ago
Until someone else applies for credit with your identity.
- anyfoo 5y agoPlease tell me that's not actually possible?
- iczero 5y agoIdentity theft!
- magicalhippo 5y agoObligatory https://www.youtube.com/watch?v=CS9ptA3Ya9E https://www.youtube.com/watch?v=CS9ptA3Ya9E
- artificial 5y agoBank fraud. :)
- judge2020 5y agoAssuming someone knows your name, address, and SSN (something which isn't meant to be secret - the SSA even printed 'not for identification' on the cards for a while), they can apply for credit cards in your name as they often require no other form of identification. The U.S. doesn't have a national login system for identity verification or anything so there's not much that could be done here from the security aspect besides creating a federal credit beurau or a federal ID system (or if login.gov allowed third-party companies to use it).
- mint2 5y agoIt is possible and it happens. This what ppl mean when they talk about identity theft.
- ropans808 5y agoThat's kind of what identity theft is, and it is distressingly possible.
- cortesoft 5y agoBut if you never use credit, having your credit hurt by this wouldn’t matter.
- athms 5y agoAnytime you open an account at a financial institution for a savings, checking, or retirement account, they will get a credit report. Employers are increasingly requiring a credit report before handing out job offers. Every landlord is going to require a certain credit score before accepting your application. You don't need worry about your credit if you use cash and store it in a coffee tin, couch surf, and work under the table.