Guys; you have to realize what a bank (or other lending institution looks for regarding credit and loans. They have no way of checking your citizenship. Your Social Security number cannot really do it.
The first item of importance to the lender is your credit report to give an indication of your past performance with credit. This is nothing new; I'm sure all of us have had a credit report run on us for credit extension purposes.
Next; your income to debt ratio must be figured into the equation. Can you realistically afford the money or the credit the lender is being asked to extend to you? Or will this bring you more problems?
These are the most important factors a lender will look at (depending on what sort of credit you are seeking). There is the mitigating factor of security for the credit. For a mortgage loan; the security is the property to be purchased. As i've stated before; a secured loan at 50 or 60% LTV (thats loan-to value) generally will always be accepted. On a simple money loan, if you were to pledge your $2,000 savings account as collateral on a loan for $1,750 as long as you have a source of income; you will be approved almost 100%of the time. Why? because the lender has more than adequate security for its money. I am unaware of any bank that asks (or even checks) your citizenship status. You must think of your bank as an investor. Don't you want them to adequately secure the money they loan out? (In reality your money) Many loan officers get canned each year for making bad loans.
We cannot now expect our banks to take on the government's responsibility to handle immigration- as they have no wayto do so.We already have them reporting every transaction over $10,000 to hopefully put a dent in the drug trade and terrorist funding.