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While payday lenders such as Wonga conduct credit checks, customers taking out logbook loans simply hand over their car logbook as collateral instead.
The findings are of interest, the researchers say, because many companies conduct credit checks on potential new hires as part of the employment screening process.
Allegedly needed Social Security number to conduct credit check even though customer has had a landline account with Verizon for many years.
Peter Bell, the executive director of the National Reverse Mortgage Lenders Association, said that counselors would verify borrowers' identification "by asking for personal information," and that some might conduct credit inquiries so they could ask specific financial questions.
For example, many financial institutions conduct credit risk assessment using point-of-sales (POS) terminal transactions, which infer revenue.
Employers want these numbers to conduct credit inquiries, but credit bureaus accept inquiries without Social Security numbers.
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Many merchants already request photo ID when conducting credit card transactions, but having no photo on file to compare it to means the possibility for identity theft and fraud still exists.
Forty-five percent of respondents in the survey said that they conducted credit checks to prevent theft and embezzlement.
Don't trust your gut and accept someone before conducting credit and reference checks.
Among her conducting credits to date are guest appearances with the Gustav Mahler Youth Orchestra, the Beethoven Orchestra Bonn, the Danish National Symphony Orchestra, Berlin's Komische Oper and the Kremerata Baltica.
Experts recommend that buyers conduct thorough credit and reference checks on potential tenants and ask for security deposits.
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