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for a car loan? id have said no way too.
who needs it that bad to put yourself thru that humiliation?
bank statements will only show what you let them see.
i get cash out at an atm once a week to cover incidentals and that weeks groceries etc.
and money gets moved in and out of that account to other banks and accounts.
how much time do you have? which account do you want to see?
and no, you cant see all of them, pick one.
So if you disappear out of view You know I will never say goodbye
Thread: Insanity and Stupidity in the business of loans
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Its nothing to do with any humiliation due to them looking at what/when/where you spend it's entirely to do with the security issue of giving anyone your bank passwords. That's a HUGE no- no. Theres NO WAY I'd do that. And the banks say if you do that and your money disappears then tough shit.
Thread: Insanity and Stupidity in the business of loans
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oh i see, the security thing.
yes, theres that too
So if you disappear out of view You know I will never say goodbye
Thread: Insanity and Stupidity in the business of loans
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There have always been dodgy dealings in the car loan business. I know, I used to be one of the lenders. The reason the car dealers are using this gizusyerpasswrd service is to sign deals up on the spot so the buyer doesn't go away and think about the deal, and perhaps decide not to buy. It replaces and saves getting a credit check, and has very little to do with changes to the law which are designed to prevent salesmen signing buyers up to deals they might regret.
Thread: Insanity and Stupidity in the business of loans
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buyers remorse.
in america they call it the 'cold feet' law.
youve got 24 hours to change your mind
So if you disappear out of view You know I will never say goodbye
Thread: Insanity and Stupidity in the business of loans
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i wouldnt even share my email password, never mind one connected to my banking!
Thread: Insanity and Stupidity in the business of loans
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A loan, mortgage or otherwise is a debt. The word mortgage derives from 'death hold' which is exactly what it is. But the reality is our world runs on debt, because it is the best way to make money from money itself. It is almost impossible to function using our current social systems without debt of some kind, it is the glue that binds us...
Thread: Insanity and Stupidity in the business of loans
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Absolutely not - this can't possibly be a good thing. Unless of course, we all suddenly have reason to trust banks & believe that their security can't possibly be breached?
Not bloody likely.
And that company should surely be very well aware of the possible pitfalls of giving your password to any establishment. They really ought to know better.
in order to be old & wise, you must first be young & stupid. (I'm still working on that.)
Thread: Insanity and Stupidity in the business of loans
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11-01-2023, 03:38 PM
(This post was last modified: 11-01-2023, 04:15 PM by Roscoe. Edited 1 time in total.)
If you reveal your bank password to anyone - apart from your spouse - you are just asking for trouble. SWMBO is the only person who knows my bank password - she set it up for me. Obviously I trust her with my life so I don't have any issues there. But no one else!
And I remember what my father told me: "Trust no one until they prove to you otherwise." I go by that adage.
Besides, your bank will tell you not to divulge your password to anyone. I thought that was plain enough.
Thread: Insanity and Stupidity in the business of loans
