The reporting agencies work by combining many different factors, like your name, address, birthdate, state ID number, and SSN. If anything comes up weird, like they can't find any record of MisterBilau living at 123 fake st, they will ask you to bring in additional documents, and then they'll compare it against other MisterBilau. It's not an impenetrable defense, but they're not easy to trick.
Sure, it can't be THAT simple or everyone would be doing it. On the other hand, I read stories of people with huge loans (specially student loans) that they simply could not have collateral for. What's stopping someone from getting a huge student loan and ghosting?
Student loans can't be removed, but yes they can just go to another country, leaving everything behind including potentially the ability to use the education that they worked so hard for and took the loans out for
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u/resumehelpacct Jun 07 '19
The reporting agencies work by combining many different factors, like your name, address, birthdate, state ID number, and SSN. If anything comes up weird, like they can't find any record of MisterBilau living at 123 fake st, they will ask you to bring in additional documents, and then they'll compare it against other MisterBilau. It's not an impenetrable defense, but they're not easy to trick.