France has no major credit reporting agency. Instead, to pursue a mortgage, for instance, you’ll need three months of bank statements and paperwork to prove your income, as well as proof of marital status (if applicable) and the sale contract, according to the French Property real estate service.
Is credit score a thing in France?
There is no credit report or score for you to worry about. In fact, when you open a French account, lenders can’t see your English credit report when they decide whether to give you a loan, mortgage or credit card. … Since there is no credit report in France, the banks do not know where you have applied.
Is credit score a thing in Europe?
Currently, an international credit scoring system doesn’t exist. However, your rental history, proof of income, and in some cases referrals from the U.S. may help your case when applying for credit overseas.
Do foreign countries use credit scores?
While all the credit bureaus have an international presence (Experian is even headquartered in Dublin), many countries don’t rely on these bureaus, or they use a combination of the big bureaus plus their own reporting and scoring system to evaluate borrowers.
Does Germany have credit scores?
SCHUFA is Germany’s leading credit rating bureau. … Companies pay to check your SCHUFA score when you apply for a credit card, a new phone or Internet contract. A rental agent even checks with SCHUFA when you apply to rent an apartment.
Is the United States the only country with credit scores?
Both Canada and the United States have credit score ranges that start at 300, but Canada’s highest score goes up to 900 (America’s system only goes up to 850). Experian discontinued its services in Canada in 2009, so the two major credit bureaus used in the country are Equifax and TransUnion.
Does Africa have credit scores?
Credit scoring is widely used in South Africa to determine the risk of credit applicants — using this kind of objective, precise measure of risk lets banks, retailers and other organizations lend with more confidence, which in turn means more people get approved for credit.
Does Switzerland have credit score?
Standard & Poor’s credit rating for Switzerland stands at AAA with stable outlook. Moody’s credit rating for Switzerland was last set at Aaa with stable outlook. Fitch’s credit rating for Switzerland was last reported at AAA with stable outlook. DBRS’s credit rating for Switzerland is AAA with stable outlook.
Does UK credit score work in USA?
The major bureaus in the United States are Experian, Equifax and TransUnion. … However, your UK credit history does not translate to the US, and vice versa. In both countries, these credit bureaus collect information about your credit history and credit behaviors, as well as personal information.
Does Canada use credit scores?
Canada’s credit scoring is similar to the U.S. system. … The two major credit reporting bureaus are TransUnion Canada and Equifax Canada. Scores are calculated using five factors: payment history, outstanding debt, credit account history, recent inquiries and types of credit.
Does Korea have credit scores?
Standard & Poor’s credit rating for South Korea stands at AA with stable outlook. Moody’s credit rating for South Korea was last set at Aa2 with stable outlook.
What countries have no credit?
1. Japan. Japan “doesn’t have an official credit scoring system,” according to Matthew Hague, a certified financial planner who lived in Japan and now often works with American expats in Japan.