Comment on Anon tries to understand credit scores
Socialism_Everyday@reddthat.com 4 days agoTo be fair, the fact that you haven’t heard of any Aussie credit is because companies keep it private to themselves. They definitely have financial information on you and utilize it to decide the interest rate on your loans.
Much less horrible than the US dystopia for sure tho
kungen@feddit.nu 4 days ago
Yeah, I would consider that somewhat “acceptable” usage though. It’d be irresponsible to approve a large loan to someone who’s already extremely overindebted, for example.
Sweden’s system doesn’t have a specific number like the US, but mostly just shows economical health. How many active loans you have, income over the last few years, and if you’ve had loans go to the enforcement agency. But we have the same sickness as America: if you have had something go to the enforcement agency within the last 3+ years, it’ll be basically impossible for you to rent an apartment (as if it wasn’t difficult in the first place).