Lending 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 i

Lending 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.