>>1033739
Same as USA I suppose, however Europeans hate lending, it is not our culture to owe someone.

>>1033745
Britain on the other hand seems a bit different. More American with our credit utilisation.

>>1033745
Surely people take out loans. I can't imagine that people don't at least take out mortgages or the occasional car loan. If not, even a simple charge account.

>>1033750
economically we are very similar to America

the current chancellor of the exchequer is somewhat Reganite/Thatherite

In holland its commen sense that you only get a morgage, if you take out a car loan you are simply retarded

>>1033739
Credit is nice to have in case of an emergency. Buying even a new phone on credit is cringe worthy as fuck and you seriously risk losing friends if they find out.

Regards
Denmark

>>1033768
>>1033768
Dutch bro
Talked to an Opel dealer a few months back. And he told me that around 90% of the car sold new are paid with a loan.

But in the Netherlands you don't have many people who buy a car new (mostly occasions or cars that comes with a job).


In the Netherlands we have a goverment institution (BKR) that keeps track of your loans and if your late with your payments you get a rating.

THat rating is an combination of a number (A = late payments, H = late payments in the past but you try to recover them).

And a number (0 - 6), for example when you have a A4 rating that means you have late payments on a loan and the loan owner can't get in touch with you.

As a result, you will get a hard time getting a new loan.


You can declare bankrupcy, consequences is that you have to pay as much as possible for 3 years then you are free to go.

>>1033754
House mortgages yeah, perhaps car loans. Credit cards are very shunned as they make it so you can't get a house mortgage. Also because of said anti-debt culture.

>>1033739
Asia is a mess.

If youre not industrial or first world, its gonna be hard to lend though they are starting to have credit beau rues and shit.