Earlier quoted context omitted.
You mean the US-style credit score, right? Because I can't imagine a country that has banks giving out loans without at least credit worthiness analyses that are essentially credit scores, but lazily computed. And lazily-computed credit score is still credit score. E.g. in Poland, we don't have "credit score", except that the bank will happily calculate it for itself whenever you ask for a loan, which means we have t…
The historical norm for credit has always been offering up possessions as collateral. You don’t need a complicated credit scoring system, or reliable enforcement mechanisms for debt & fraud, you just sell off the collateral if the customer doesn’t pay the loan. This is exactly the function that pawn shops provide in the West, although their usage has dropped significantly since the introduction of consumer credit.
You often have to pay six months of rent in advance to rent. I know lots of people that have been cut off electricity or phone service but you can get it reconnected in hours or less if you pay the bill.
The one nice thing is that there are NO late fees, reconnection fees, overage fees, etc. You just don't get service.