Identity theft. The scourge of our time and becoming worse every day. Or these latter times I should say. I remember when I was younger such a thing was never heard of simply because it didn't happen. I remember in the days of my impatient youth getting a loan every now and then and I can assure you the creditors made sure they knew who I was.
But the thing is these days we have shall we say 'super banks' which specialize in mass producing loans. Somebody comes in, or even sometimes through the mail even, or on the net, then gives over a social security number and the lender figures OK I've got you. So an identity theft is perpetrated. The lender however becomes partner in crime and sticks it to you the little guy simply because they don't want the burden of actually verifying who you are until it's time to send the sheriff with the summons. By the time your head stops spinning its too late. You're financially ruined and facing jail time only because you was so daft as to not call your creditors today to make sure nothing was wrong! Ahgast this is a barbaric imposition upon man and beast!
A noticeable fact is back in the old days the banks would not have had enough information to prosecute you the little guy but its different today isn't it. Whether it is banking laws or whatever I'll let you put a finger on it.
The real cornerstone of the problem is the social security number. Originally it was meant to identify you for the social security program however it has since become the all purpose identification number. The real fact is you have a name and an address and a computer can transliterate this into a number and another number just isn't required.
If your really want to stop identity theft it is easier than you might think. Just call upon your legislators to enact legislation to remove the requirement of the social security number from any and all banking transactions and let's make the LENDER responsible in these situations. This will result in changes in banking record keeping and just watch the incidence of identity theft plummet!!
True democracy is the competition of ideas.
But the thing is these days we have shall we say 'super banks' which specialize in mass producing loans. Somebody comes in, or even sometimes through the mail even, or on the net, then gives over a social security number and the lender figures OK I've got you. So an identity theft is perpetrated. The lender however becomes partner in crime and sticks it to you the little guy simply because they don't want the burden of actually verifying who you are until it's time to send the sheriff with the summons. By the time your head stops spinning its too late. You're financially ruined and facing jail time only because you was so daft as to not call your creditors today to make sure nothing was wrong! Ahgast this is a barbaric imposition upon man and beast!
A noticeable fact is back in the old days the banks would not have had enough information to prosecute you the little guy but its different today isn't it. Whether it is banking laws or whatever I'll let you put a finger on it.
The real cornerstone of the problem is the social security number. Originally it was meant to identify you for the social security program however it has since become the all purpose identification number. The real fact is you have a name and an address and a computer can transliterate this into a number and another number just isn't required.
If your really want to stop identity theft it is easier than you might think. Just call upon your legislators to enact legislation to remove the requirement of the social security number from any and all banking transactions and let's make the LENDER responsible in these situations. This will result in changes in banking record keeping and just watch the incidence of identity theft plummet!!
True democracy is the competition of ideas.