Since Equifax has all of your data and they seem to consistently let it fall into the wrong hands, it’s the same as giving your personal information to complete strangers. How did we ever do business before? You had to dress up in your Sunday best and go in front of the lender and they had to interview you. You had to prove you had a job and showed that you could pay the money back. You probably could fool them and never pay it back and they would kick you out of your house or horse-drawn carriage because you are a deadbeat.
I don’t know if any of that is true but it sounds like that’s the way it should be.