• NoRodent@lemmy.world
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    7 months ago

    Ah, thanks for the explanation.

    Over here, when you’re applying for a loan, you’re the one who has to bring the proof of your credit worthiness - typically your employment contract, bank statement etc. - they can’t have it automatically without your consent. Also you have to prove your identity with your ID (either the physical card which is mandatory to have, or I guess nowadays a secured electronic identification if you were to do it remotely somehow). So I was genuinely lost in this comment thread, not knowing what the exact process was in America.

    • linearchaos@lemmy.world
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      7 months ago

      Yeah, we’re heavily leaning toward making borrowing easy to the point that any security breach puts us at risk. It’s trivial with just a little private data to take out a loan or buy a car in someone else’s name. It really sucks.