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Real world case: 2 friends from Brazil got their identity stolen after a governmental database leak, thieves opened up a few credit lines and now both are fight
by piva00 5y ago
Real world case: 2 friends from Brazil got their identity stolen after a governmental database leak, thieves opened up a few credit lines and now both are fighting to get their credit history cleaned up.
It's been more than a year, they have a pretty strong case to get rid of it but... Brazilian bureaucracy is slow and convoluted, it's been more than a year and neither can get any credit and get non-stop calls from banks and collection agencies.
- mbg721 5y agoAt some point, the scammers have to kill the golden goose...credit ratings are only useful to the extent that they're trustworthy.
- edoceo 5y agoLots of innocents get harmed in that process. Would rather a different solution.
- mbg721 5y agoOh, totally in agreement with you there; consumer credit is toxic and dehumanizing to begin with. But I think the fraud potential is what will make it go away; smaller players will stop taking credit seriously, and government and megacorps will come up with something more invasive.