Re:Equifax’s Maddening Unaccountability
by hocuspocus on Tuesday September 12, 2017 @06:05AM
(#15226053)
Most countries don't have credit scores at all.
There's typically a single public entity that holds insolvency records within the legal framework. In some countries nobody can query it but yourself; you're therefore asked to submit a copy of your record in some occasions.
As for solvency, when you sign a lease or contract a mortgage, you're asked to submit proof of income.
(Someone mentioned Germany earlier, it's a terrible example in my opinion, Schufa isn't much different than the US credit agencies, albeit more accountable hopefully).
There's typically a single public entity that holds insolvency records within the legal framework. In some countries nobody can query it but yourself; you're therefore asked to submit a copy of your record in some occasions.
As for solvency, when you sign a lease or contract a mortgage, you're asked to submit proof of income.
(Someone mentioned Germany earlier, it's a terrible example in my opinion, Schufa isn't much different than the US credit agencies, albeit more accountable hopefully).