Quote:
Originally Posted by retiredguy123
They can take out a loan against my house, but they won't get any money from me. A lender would need to be pretty stupid to lend money to someone without doing a proper title verification.
I think more people are ripped off by these credit and title monitoring services that spread fear in people. They sell a "service" with no guarantee of outcome, or even that they will do any actual monitoring.
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CoachK bought a new car at Subaru dealership. Had to give social security number for loan verification, approval. unlocked account, but had to wait for approval to relock the account. Within two days, Coachk got an email bomb. Someone used her SS number and maiden name information to buy an apple iPhone. Fedex overnight was to our house?? called Fedex at 7AM and got the delivery halted and returned to sender. Had a police report filed, but the police man didn't use the word Verizon in the report. But there had to be a Fedex driver or delivery manager in on the fraud to have the phone declared delivered and then get to the intended thief, or else the sim card was stolen out of the phone prior to delivery. Also there was an online bank account opened in Coachk's name in order to validate the purchase, etc. . . corporate loop holes. . .
Got credit on the iPhone purchase. . however, Verizon starts service automatically without verification of delivery. Got the service stopped after the first bill, but Verizon wouldn't accept the police report without the word verizon in the report, to erase the first bill.
Fine, now it takes 6 months or more to get the policeman to adjust the report, and had to use a retired cop from Coachk's employee's husband to get the policemen to actual update the report. . azzhole. .
meanwhile Verizon keeps sending the bill to collectors and we keep sending a standardized response to the collectors and they stop. . Meanwhile Verizon's fraud reporting system is also a nightmare to complete and upload. . .
So steal money, possible. I have a work colleague who have had person walk into a bank on the other side of the country and go up to the window and withdraw funds from their checking account. I don't know if they asked for any id, and if they did, what id was used, but the bank was embarrassed, and this was 10 years ago. .
Foreigners tend to figure out how to fake / represent people and events and status, and then take advantage of it with online processes. There is a lot of LLC fraud in FL with home ownership, transfers, mortgage applications and money delivery, and then the money is gone and the final LLC is a fraudulent LLC. . .
need SS / EIN numbers to do all that, and mostly foreigners. .
good luck out there, its a jungle.