<story><title>Credit Scores Can Run – and Ruin – Our Lives</title><url>https://thewalrus.ca/credit-score-canada/</url></story><parent_chain><item><author>TrackerFF</author><text>Here in Norway, we don&amp;#x27;t have any credit score in that sense. Rather, we have sort of a &amp;quot;credit history&amp;quot; system, which shows the following:&lt;p&gt;-When there&amp;#x27;s been registered wage garnishment (by court) against you.&lt;p&gt;-When there&amp;#x27;s been registered a lien against your property.&lt;p&gt;-When you&amp;#x27;ve entered a court-ordered debt payment program.&lt;p&gt;-When you&amp;#x27;ve been registered as bankrupt.&lt;p&gt;And by law, these things have to be deleted when you&amp;#x27;ve settled your debt. In any case, it&amp;#x27;s difficult to get those things by accident. Usually you&amp;#x27;re at the end of the process, and have been through civil court.&lt;p&gt;With that said - it should be mentioned that Norway is a INCREDIBLY creditor friendly country, as far as the law goes. If a creditor really want their money back, they can &amp;#x2F; will take you to court, and eventually get a garnishment on your wage or welfare money. Or property&amp;#x2F;vehicles&amp;#x2F;personal belongings lien if you don&amp;#x27;t have any income.&lt;p&gt;I like the system as it is. I really don&amp;#x27;t like the idea of constantly having to do things with respect to a credit score - and I&amp;#x27;m not talking about gaming the system or being a deadbeat, but trying to maximize my credit score for the sake of keeping it high.</text></item></parent_chain><comment><author>kube-system</author><text>We don&amp;#x27;t have &amp;quot;&lt;i&gt;a&lt;/i&gt; credit score&amp;quot; in the US either.  We have a credit history, much like you describe.  For the businesses that review someone&amp;#x27;s credit history, the credit agencies provide some assortment of algorithms to help quantify it for them.  This is colloquially called your &amp;quot;credit score&amp;quot;, but in reality, there isn&amp;#x27;t a single credit score, there&amp;#x27;s a bunch of different algorithms and everyone uses a different one.  The equivalent to a US &amp;quot;credit score&amp;quot; in Norway would be, a creditor&amp;#x27;s formula for determining creditworthiness from your credit history.&lt;p&gt;The alternative to algorithmic scoring is often &lt;i&gt;worse&lt;/i&gt;: someone making a subjective judgement call.  Which, historically, is fraught with discrimination.</text></comment>
<story><title>Credit Scores Can Run – and Ruin – Our Lives</title><url>https://thewalrus.ca/credit-score-canada/</url></story><parent_chain><item><author>TrackerFF</author><text>Here in Norway, we don&amp;#x27;t have any credit score in that sense. Rather, we have sort of a &amp;quot;credit history&amp;quot; system, which shows the following:&lt;p&gt;-When there&amp;#x27;s been registered wage garnishment (by court) against you.&lt;p&gt;-When there&amp;#x27;s been registered a lien against your property.&lt;p&gt;-When you&amp;#x27;ve entered a court-ordered debt payment program.&lt;p&gt;-When you&amp;#x27;ve been registered as bankrupt.&lt;p&gt;And by law, these things have to be deleted when you&amp;#x27;ve settled your debt. In any case, it&amp;#x27;s difficult to get those things by accident. Usually you&amp;#x27;re at the end of the process, and have been through civil court.&lt;p&gt;With that said - it should be mentioned that Norway is a INCREDIBLY creditor friendly country, as far as the law goes. If a creditor really want their money back, they can &amp;#x2F; will take you to court, and eventually get a garnishment on your wage or welfare money. Or property&amp;#x2F;vehicles&amp;#x2F;personal belongings lien if you don&amp;#x27;t have any income.&lt;p&gt;I like the system as it is. I really don&amp;#x27;t like the idea of constantly having to do things with respect to a credit score - and I&amp;#x27;m not talking about gaming the system or being a deadbeat, but trying to maximize my credit score for the sake of keeping it high.</text></item></parent_chain><comment><author>2rsf</author><text>More or less like Sweden, and everything is digitally interconnected to the main population registry so things like that usually don&amp;#x27;t happen:&lt;p&gt;&amp;gt; TransUnion, one of Canada’s two main credit bureaus, had reported her as deceased.&lt;p&gt;We also moved out of the stone age and faxes practically don&amp;#x27;t exist and all certificates are digital:&lt;p&gt;&amp;gt; Two years of faxing in detailed documents—including Dave’s death certificate</text></comment>