Schufa: What is it? In simple words explained
Imagine, you want to make a new mobile phone contract. Since you have to pay monthly money can not be the mobile provider, you can always pay. So he asks the Schufa, as their number and purchasing behavior, until now, was and is a forecast. Thus, the mobile operator will know with high probability whether or not you can pay over the entire period or not.
- Overall, the credit Bureau has information on more than 65 million German citizens. Every day more than 270,000 requests from the enterprise about. This includes mobile operators, banks or other lending institutions, and many more.
- This information may be disclosed only with your permission. Therefore, many contracts contain a clause in which you give the company this right.
The Schufa rating of your credit
Schufa: What is it? The credit Bureau Score works
Schufa stores next to your name, date of birth, and gender specific data. There are no data about your current life situation or professional situation will be saved. Also, the income must not know the Schufa or save.
- Stored data are, for example, a mobile phone - or leasing contracts, pending loans, number of accounts opened, and also open creditors ' claims.
- From this data, is then calculated, your personal credit Score. This ranges from 0 to 1000. The higher the value, the more likely they are able to pay.
In case of bad Score no credit card
Schufa: What is it? - You can know your own credit Score?
You can for free once per year, the information of the Schufa, give. Each additional request will cost 18,50€. The form you will find here.
A credit check is worth for a lease
In the next tip we will discuss on whether you despite Schufa-entry of a mobile phone contract can.
