Why do banks ask for references?

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Tags

1. #reasons
2. #simply
3. #verification
4. #fraud
5. #realize
6. #identity
7. #apply
8. #lending
9. #lenders
10. #their
11. #there
12. #often
13. #common
14. #people
15. #first
16. #reference
17. #three
18. #large
19. #steps
20. #references
21. #reduce
22. #purpose