Asklemmy

43849 readers

639 users here now

A loosely moderated place to ask open-ended questions

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

358

submitted 1 year ago by bady@lemmy.ml to c/asklemmy@lemmy.ml

341 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] alokir@lemmy.world 13 points 1 year ago

In many countries, mine included, there's no credit score system. We recently took out a bigger loan to buy a house and what we had to provide was:

proof of a steady income (in our case from our employer)
3 months of bank account history (to prove that we don't overspend)
written permission that they can request our data from the central (government operated) loan database

That's it. From these they could tell that we are safe to loan money to because we'll most likely be able to pay it back.

I don't see how a credit score system is essential when you can provide them with the necessary data only when it's needed.