4 ms·

You conclude that most EU countries have a credit score by linking to a Wikipedia article showing that almost none European country has a credit score?

Throwaway197401 5y ago
It's not like the US system. It's a negative credit score meaning that you start as a good lender and then you can only fuck it up by not paying your bills. In the US we have positive credit score meaning you have to show you are a good lender to get a better score. The european ones are mostly much less granular.
AnssiH 5y ago
> You conclude that most EU countries have a credit score by linking to a Wikipedia article showing that almost none European country has a credit score? The Wikipedia article does not show that almost no European country has a credit score or credit reporting system. It simply provides examples from various countries and is obviously not exhaustive, like most lists in Wikipedia. If you want to just see how many EU countries have any credit registries, these World Bank links have good data: - Public registries: https://data.worldbank.org/indicator/IC.CRD.PUBL.ZS https://data.worldbank.org/indicator/IC.CRD.PUBL.ZS - Private registries: https://data.worldbank.org/indicator/IC.CRD.PRVT.ZS https://data.worldbank.org/indicator/IC.CRD.PRVT.ZS They show most EU countries have such registries. I did go through a dozen countries manually before finding the above handy links, though... Of course one could argue whether or not those systems which only allow negative entries (and thus most people will have no data there) for a credit check should be considered credit score systems.
- throw_m239339 5y ago
  Credit registry =/= credit score system. You are moving the goal post here. Your previous assertion is just false. the US system is brutal, unfair and shouldn't be reproduced anywhere else in the world at first place.

Throwaway197401 5y ago

It's not like the US system. It's a negative credit score meaning that you start as a good lender and then you can only fuck it up by not paying your bills. In the US we have positive credit score meaning you have to show you are a good lender to get a better score. The european ones are mostly much less granular.

AnssiH 5y ago

> You conclude that most EU countries have a credit score by linking to a Wikipedia article showing that almost none European country has a credit score? The Wikipedia article does not show that almost no European country has a credit score or credit reporting system. It simply provides examples from various countries and is obviously not exhaustive, like most lists in Wikipedia. If you want to just see how many EU countries have any credit registries, these World Bank links have good data: - Public registries: https://data.worldbank.org/indicator/IC.CRD.PUBL.ZS https://data.worldbank.org/indicator/IC.CRD.PUBL.ZS - Private registries: https://data.worldbank.org/indicator/IC.CRD.PRVT.ZS https://data.worldbank.org/indicator/IC.CRD.PRVT.ZS They show most EU countries have such registries. I did go through a dozen countries manually before finding the above handy links, though... Of course one could argue whether or not those systems which only allow negative entries (and thus most people will have no data there) for a credit check should be considered credit score systems.

throw_m239339 5y ago
Credit registry =/= credit score system. You are moving the goal post here. Your previous assertion is just false. the US system is brutal, unfair and shouldn't be reproduced anywhere else in the world at first place.