3 ms·
Yes, and the article is about American CC. Why are credits scores insane? How do lenders evaluate if it's risky or not to issue a loan to an individual? How do
by dudul 6y ago
Yes, and the article is about American CC.
Why are credits scores insane? How do lenders evaluate if it's risky or not to issue a loan to an individual? How do you reward individuals who manage their finance correctly?
- kazen44 6y agoLending seems to be far less of a thing in most european countries. Not taking into account bussiness loands, the only loan most people take on in their lives is a mortage. (Which has a lot of requirements). Also, a "credit score" kind of system does exist in most countries, but it is usually an administrative record kept by a goverment agency which blacklists you from taking out more loans if you cannot pay them. It seems the system is mostly based around a negative feedback loop. (Punishing people who haven't payed) instead of a positive one.