The French consumer credit system resembles the U.S. no-fly list. Bankers have discretion on making loans and sharing consumer records, which are absolutely maintained. But consumers don’t get to look into the black box.
> But consumers don’t get to look into the black box.
Nor your landlord, nor the shop in which you'll go buy a new bicycle, &c.
Also, it's much harder to get a credit in France, you don't get on the list randomly. So all in all it's completely different thing since it won't impact your day to day life for simple things such as renting a flat.
Ah, and you can still fly, you just can't get into more debt.
I’ve bought bicycles in America. Nobody checks credit.
> much harder to get a credit in France
If you aren’t rich, yes. If you have a personal banker, credit flows.
> you don't get on the list randomly
You do if you’re my friend and a SocGen clown mis-reports your mortgage as in default to the BdF.
Both systems, the U.S. no-fly and French consumer credit, share common impetuses. They’re necessary, particularly for the elites. But they’re ideologically distasteful. So a system is maintained, shrouded in secrecy and, ideally, kept clear of the hoi polloi.
The French consumer credit system resembles the U.S. no-fly list. Bankers have discretion on making loans and sharing consumer records, which are absolutely maintained. But consumers don’t get to look into the black box.