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There is no such agencies in lots of countries (e.g. France) and still people get loans. When I came to US, I had to purposely take extra credits/loans to boost my inexistent credit history. Now I am credit worthy thanks to my artificial debt.

I'm not arguing against you, just curious... in France, what prevents people from just applying for loans over and over and never paying them back?

There are other means to determine whether someone is eligible for a loan (wages, collateral, family support...).

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