Describing how the usa establishes credit worth

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Reference no: EM133061921

Not every country has a credit score system. Some countries only track "bad marks", such as missed payments or loan defaults to a government agency, and staying off of the bad list means that you are credit worthy. Some countries do not have a major credit reporting agency to track credit worth. Instead, to pursue a mortgage, for instance, you'll need three months of bank statements and paperwork to prove your income.

Using complete sentences, please write an essay describing how the U.S.A. establishes credit worth.

Reference no: EM133061921

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