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They do look at your financial situation if you want to make a loan, if that's what you mean. I was responding primarily to "In the US, if you avoid debt at al
by mercer 12y ago
They do look at your financial situation if you want to make a loan, if that's what you mean.
I was responding primarily to "In the US, if you avoid debt at all costs, you get a rude awakening." As far as I can tell, that's not the case in Holland. It's better to not have any kind of debt if you get a loan. Which seems like a sensible approach to me.
(but I am not well versed in all this, so if you really want to know I suggest you ask a Dutchman who has had experience with loans other than big student loans!)
- SilasX 12y ago>I was responding primarily to "In the US, if you avoid debt at all costs, you get a rude awakening." As far as I can tell, that's not the case in Holland Alright, but I don't get why you characterized that state as "Ah, the credit score ... that does not really exist here". (Though I was mainly perplexed at the implication that they're no counterpart to it -- i.e. a quantification of the credit risk, even if under a different name.) And for secured loans, they do look at your situation in the US. It's just that commercial banks use the score as a filter before they bother with that process. If you have no credit (but are otherwise responsible, etc) then credit unions will still look at your situation even despite lacking a credit history. (It's nevertheless frustrating that official what's-my-score sites will say you have a high score, even as every lender tells you, "Um, no you don't.")