There is a credit reporting system, similar to the one in the US. However, most people are not affected by it in their daily lives. Only those who are in serious financial trouble and cannot pay off their debts are placed on a blacklist, which restricts them from traveling by high-speed rail or flights.
grosswait|5 days ago
transcriptase|5 days ago
dijit|4 days ago
They can even revoke your passport (which is functionally the same thing as some forms of travel only accept a passport).
So, you're both doing the pointing spiderman meme here.