Tuesday, June 06, 2006

Would granting of credit be delayed by this strategy?

Would this strategy slow down the granting of credit or cause price increases?

I would think it would mean that a credit card could not be activated until the consumer received a verification letter at a "preferred" NCOA US postal (or conceivably email) address. I don't think this would usually be a problem.

With car purchases, typically a consumer has to wait a day or two to pick up a new car, and that amount of time would give the car dealer time to send to prove the identity of the consumer and send the verification letter. Really, doesn't a car dealer want to be careful before letting someone drive a $30000 vehicle off the lot?

Some kinds of instant financing, as with computer stores, I do see some roadblocks.

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