Schufa score table and the 2022 scoring procedure!

Questions like: what data does SCHUFA store about me?? What does a SCHUFA score table look like?? Can I improve my low SCHUFA score or how long do negative SCHUFA entries remain stored?

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Who or what is the SCHUFA?

Schutzgemeinschaft fur allgemeine kreditsicherung "SCHUFA" for short is the best known and largest credit agency in germany. The SCHUFA stores and evaluates data about consumers and companies.

This information enables SCHUFA partners to assess the creditworthiness of their potential customers and act accordingly. SCHUFA currently stores over 554 million pieces of information on 66.2 million private individuals.

What is scoring, or the score value, actually??

Scoring is often referred to as a mathematical-statistical process used to calculate probabilities for future events and to support decisions based on accumulated experience.

Such procedures play a role in many everyday areas such as z. B. The medical sector, weather forecasts, internet search engines and the credit business all play a role.

What is a SCHUFA score?

For example, a SCHUFA score is used to calculate the probability that a customer will meet his or her payment obligations in accordance with the contract.

SCHUFA scores are used, among other things, when granting bank loans, but also when granting installment payments or payment targets. Companies want to win customers, but also protect themselves from risks.

How can I improve my SCHUFA score??

  • Avoid frequent account changes.
  • Get a high overdraft facility.
  • Cancel unnecessary credit cards.
  • Do not use the installment facility of credit cards.
  • Regularly check your SCHUFA data for errors and false entries.
  • Settling negative notes and subsequently having them deleted.

There are different SCHUFA-score-tables resp. Industry score tables!

SCHUFA offers industry-specific score models or. The SCHUFA rating for your partners (banks, insurances, etc.) to. Why this also changes the score requirement.

Example: quote from SCHUFA "the probability with which a person will repay a construction loan does not have to correspond to the probability with which he or she will pay a mail-order bill on time".

That is, these industry scores usually show the probability of a payment failure within 15 months.

For individual industries, the time period may differ in order to better address peculiarities of the industry's usual business models (e.G. B. Telecommunications, construction financing). For ease of reference, the risk categories are nevertheless presented in the same way.

A SCHUFA score table for banks

SCHUFA score table

There are, of course, other scoring tables that are tailored to the appropriate industry. There is a SCHUFA score table for: direct banks, cooperative banks 1.0, cooperative banks 2.0, major banks, commercial enterprises, mortgage business, leasing companies, savings banks 1.0, savings banks 2.0, telecommunications companies and mail order companies.

What data is used to calculate the SCHUFA score??

SCHUFA says that not every type of data is included in the individual score calculation. Here you see the overview of the possible data which SCHUFA, for the score calculation used:

  • Past payment problems: if you have in the past z. B. Has not paid his credit installments or not paid on time, so this includes cell phone contracts and the same.
  • Credit activity last year: whether and to what extent credit transactions were requested and actually concluded in the last 12 months can be taken into account in this data type.
  • Credit use: number, type, duration and volume of credit transactions you have concluded.
  • Length of credit history: how long credit relationships, z. B. Current accounts or credit cards, are known to a person. Longer credit histories can be an indication of experience in dealing with financial obligations.
  • General data: "general data" includes the rest of the information stored at SCHUFA, such as e. B. Information about the person itself.
  • Address data: by default, SCHUFA does not use the evaluation of addresses for the calculation of the SCHUFA score. But at the request of contractual partners, especially if no personal credit-relevant information is available, address data is also used.

What is important, and SCHUFA itself mentions this, is that if there is no information on a person in some areas, this can also affect the SCHUFA score, and this in a negative sense, because there is a lack of experience that would flow into the SCHUFA scoring.

Is there data that does not affect the SCHUFA score?

Yes, there is! Information about citizenship, ethnicity, or information about political or religious beliefs.

Or, for example, if you want to view your own SCHUFA score or the entries at SCHUFA yourself, with an application for SCHUFA information.

But this does not include, and this is very important, the SCHUFA inspection by credit institutions or other institutions with their permission, because this negatively affects the SCHUFA score.

Tip! Tell the bank advisor that you want a credit inquiry and NOT a loan inquiry. Requests for conditions are not used by SCHUFA for the calculation of the SCHUFA score and therefore your score is not influenced.

The more credit inquiries you make through the banks, the more your SCHUFA score will get worse and the banks will be able to see that you tried many other banks before applying for a credit card with them. Which on the basis of this you will probably get a higher interest rate or even the rejection.

How long does SCHUFA store my data??

The different data will only be stored for a certain period of time. They are not visible to SCHUFA partners for the full time.

  • Information about inquiries is stored for 12 months, but is only visible to contractual partners for 10 days.
  • Credits remain day-exactly 3 years from the day of the settlement.
  • Information about due receivables in the case of unsettled matters remains stored for up to 4 years, otherwise for 3 years in the case of settled matters. Can remain stored even longer, if not settled.
  • Current accounts and telecommunication accounts records are deleted immediately after closure.
  • Credit card accounts exactly 3 years after closure. Mail order accounts after repayment of the debt.
  • Data from the central enforcement courts accurate to the day after three years. But it can also be deleted earlier, if the SCHUFA can prove a deletion by the central enforcement court.
  • Information about the opening of consumer/insolvency proceedings after 6 years.
  • The rejection of an insolvency petition for lack of assets after 3 years to the day.
  • Information on the announcement of a discharge of residual debt after 10 years at the latest.
  • The granting of a discharge of residual debt after 3 years.
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