Quote:
Originally Posted by thommy
I am not sure if that is the case in US but FOR SURE it is not in Europe.
in countries like germany less than 40% even own a credit card or debit card because they hate plastic money.
so do you think they do not get credit ?
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I travelled extensively in the 80's & 90's to Europe ( UK, France, Spain, Germany, Italy ) and at that time credit cards were non-existent there . Aside from Hotels, it was very hard to pay with a credit card. They would accept Amex travellers check .
Afterwards, they came with the Visa- MC debit card ( funds taken from account right away ) . I would even pay my suppliers in France ( movie rights ) with checks ( normal one ) because for them it is as good as cash ...
So , Germany is as you say , but America as I say ....
Credit is strange in America ... I have 5 mortgages , and none are listed on the Trans-Union or Equifax credit report ... but they list my cellphone ....