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How do illegal aliens get approved for loans?


When legal citizens of the United States have to provide proof of identity, legal residence and a Social Security number along with their work history to lenders just to be considered for a loan, how does a person who is in the country illegally even get considered and subsequently approved for a loan?
(Car financing, home loans, personal loans)

They use fake SSN, drivers licenses, etc... Identity Theft

We have seen some pretty narly fakes come through our office for landscapers laborers. Many of the SS and Drivers license cards are blatant fakes that anyone could see past, but some of them are really good too. The ones that they probably use for loans are attached to actual person who is a legal citizen, usually with an ethnically similar name(Jose Rios Reyes for instance)

They can only get high-risk loans that don't require a credit history. They probably get the same interest rate you would get if you applied for a loan with no SSN.

For the banks, it's a business decision. Knowing that many illegal immigrants have jobs that they can use to pay off the loan, and knowing that they will accept high interest rates, many banks find it to be very profitable. But of course, it's very difficult to collect if they do not pay, so that has to be taken into account.

Republican deregulation.I know of many illegals who didn't or couldn't read their loan agreements and have defaulted,some with more than one home (the extra home was packed with illegal tennants). Republicans don't care they just love the low wages being paid.False s.s,co-signers with real socials,etc.There is a huge network that trades information on how to apply for disability,food stamps,you name it.

Well, if they obviously have come here illegally, they will most certainly have a fake i.d. For the approval, I heard some people simply bride the bank creditors. If they're gonna be looking for loans, they must have some money, they'll use that to acquire more.

The first thing you need to provide after your name and address on a loan application is a Social Security number, if you are here illegally you can't get one, so no loan.

they have more rights than those of us who are born and work here our whole lives. Welcome to the good old USA, Pedro

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