Let me restate that - you should be able to successfully sue the bank, or anyone else, giving them credit in your name.
It only makes sense to steal an identity when the thief gets something out of it. A useless identification is not worth the trouble.
So, if a bank or lender gives an identity thief credit in your name you should be able to successfully sue the bank for not doing due diligence to ensure they are really dealing with "you".
A side effect of this would be more in-person transactions and more personalized service, which may be slightly slower or cost slightly more,
but the results would be well worth it for society as institutions would be forced to "get to know" their clients a little more and identity theft would be reduced as thieves knew they
couldn't use your credit from afar.
EDIT- many people havr given good answers and mentioned how secure loans are.
If that's the case why are so many identities sill stolen? If it's very tough to get a benefit frim the theft why do it?
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