3 ms·
They can do that, but are they actually doing that?
by bagels 4y ago
They can do that, but are they actually doing that?
- true_religion 4y agoThey would do that if they needed because people were spoofing the system. Or they would do what the traditional banks are doing: avoid lending to people without a proven track multi-year record, physical location to monitor, and assets to hold as collateral for a downpayment. However, I'm curious about one thing. Everyone who suggest spoofing the system for the sake of privacy, do you believe people who do that... will actually also repay the loan they were given? Or would they just use a fake name & commit fraud?