"Maybe he wrote the book for Europeans? We don't have a credit rating. Just if you fuck up you get blacklisted and don't receive any credit."
Yes we do, at least some of us (I don't know about each and every Member State). It's not accessible to most people, since it's locked away behind credit rating bureau's models, but rest assured that there are many places that track e.g. how often you've not paid you phone bill on time.
I much prefer the US approach, at least it's out in the open that it exists, and you have a legal right to access your data.
Yes we do, at least some of us (I don't know about each and every Member State). It's not accessible to most people, since it's locked away behind credit rating bureau's models, but rest assured that there are many places that track e.g. how often you've not paid you phone bill on time.
I much prefer the US approach, at least it's out in the open that it exists, and you have a legal right to access your data.