I wonder if just requiring someone to personally appear at a bank with an ID to get a line of credit would get rid of 90% of identity theft issues. While its hardly impossible to pretend to be someone else in person, it would increase both the risk and time-commitment necessary to commit the fraud enough that I doubt it would be worth the criminals time.
On the other hand, opening a line of credit is something people do rarely enough that the extra time required for legitimate borrowers would be marginal.
On the other hand, opening a line of credit is something people do rarely enough that the extra time required for legitimate borrowers would be marginal.