I'm from denmark, and happen to work at one of the larger regional banks here. We similarly don't have "credit scores" in the American sense. We have scores tha

I'm from denmark, and happen to work at one of the larger regional banks here. We similarly don't have "credit scores" in the American sense. We have scores that are calculated internally at our institution, but they're based on whatever we deem to fit our "risk appetite" we do not make use of any external centralized/opaque 3rd party rating agencies. We also have one of the highest household debt rates of any 1st world country, so getting a loan still seems possible. We do have a centralized registry of "bad debtors" and that has a highly negative effect on your ability to get a loan.