Are people here willing to co-sign loans, rental applications, etc. for other people if they are shown info from facebook/linkedin/credit profiles?
Why or why not?
I should've mentioned - the intermediary company will take the liability for any defaults. So, consider the case where you are getting paid a certain amount for one credit-check (this credit check is removed from your history after one year) and you are not taking the liability of default.
I guess I'm confused how are you going to take liability for default? if you have that much money just invest it. If not its some kind of insurance.
The intermediary company will be responsible for correctly assessing someone's risk. All the money earned from co-signing could be used to pay off very few that default (just like an insurance.) This model allows more people to access services.
What benefit would why I have to co-sign someone else's car loan? I don't get to drive their car... But if they defaulted, I would be on the hook.
the intermediary company will assume the risk of default, so you wouldn't be on the hook.