Yeah pretty much. Or at least the severity of the problem is largely the US. As credit does exist here but you can also completely ignore it. A fairly large percentage of adults don’t have credit cards here.
(Relatively) free healthcare and education probably helps (Poland here). At the same time, the housing crisis means a lot of people need credit for houses, but I don’t follow the system here to know how bad it is for that - barely anyone complains on this topic at least, seems like people who need credit get it.
Didn’t need a credit rating to get my mortgage, I guess having a bad credit rating from defaulting on loans would probably make it a lot harder though. But otherwise it isn’t something you specifically need to get and improve.
Yeah pretty much. Or at least the severity of the problem is largely the US. As credit does exist here but you can also completely ignore it. A fairly large percentage of adults don’t have credit cards here.
(Relatively) free healthcare and education probably helps (Poland here). At the same time, the housing crisis means a lot of people need credit for houses, but I don’t follow the system here to know how bad it is for that - barely anyone complains on this topic at least, seems like people who need credit get it.
Didn’t need a credit rating to get my mortgage, I guess having a bad credit rating from defaulting on loans would probably make it a lot harder though. But otherwise it isn’t something you specifically need to get and improve.