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I'm interested in the methods and regulations. What countries maintain credit reporting as a government function?

• dredmorbius 9y ago
  "In at least 40 other countries — including Belgium, France, Germany, Italy and Spain — credit reporting can be done by a public credit registry. It is usually operated by a central bank that already oversees the financial institutions that feed information into the reports. These reports tend to be more accurate because the operators have a legal right to demand data from banks as well as a mandate to ensure it’s correct and that errors are fixed. Data on late payments and defaults are erased once a consumer has settled up." From the article.
  • KGIII 9y ago
    I confess that I didn't read the article. My bad, and thanks. I am going to hit up Google and see if I can learn about the mechanism and effectiveness. It does look, from the snippet, like they aren't quite the same. I don't yet have an opinion on that, specifically the bit about data being erased after it has been settled. That's pretty different. I shall see what I can find. It may change my opinion. Thanks again.