Are Bankrupt Lenders Aiding ID Thefts?
Here’s one to stir you up. Some bankrupt lenders are literally “trashing” the financial documents of borrowers, throwing names, addresses, social security numbers and financial records into dumpsters for any identity thief to find and use.
The consequences for the bankrupt lender? None. How do you prosecute a company that no longer exists? In businesses like these, greed trumps ethics every time.
Read the article: Bankrupt lenders throwing away your privacy
Without prosecution for this behavior, don’t expect fear of legal consequences to stop this type of irresponsible behavior.
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