Does credit score exist 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.

Is there an alternative to Equifax?

Borrowell: They offer access to a free Equifax credit score and credit report. There are no fees and your credit score and report are updated on a weekly basis. Learn more about them in this Borrowell review. Mogo: This company offers access to your free credit scores (Equifax) when you apply for its free prepaid card.

Do credit scores exist outside of the US?

Credit bureaus compile your financial information and use exclusive metrics to calculate your credit score (we use the FICO score in the majority of lending decisions here in the U.S.) Each country has its own systems, and your score will not necessarily translate to another country.

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 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.

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 Sweden have credit scores?

Sweden. Sweden has a system for credit scoring that aims to find people with a history of neglect to pay bills or, most commonly, taxes.

Does France have a credit score?

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.

Do car dealerships use Equifax?

Experian and Equifax are the credit bureaus most commonly used for auto loans. They offer specialized auto lending solutions (such as Experian’s Auto Audiences) and receive a significant portion of their revenue for services associated with the auto industry.