ECJ’s Impending Judgment Puts Schufa Credit Agency Under Pressure: Unusual Letter Signals Nervousness

ECJ’s Impending Judgment Puts Schufa Credit Agency Under Pressure: Unusual Letter Signals Nervousness

An impending judgment by the ECJ puts the credit agency under pressure. The court examines whether the assessments by Schufa violate the General Data Protection Regulation. Now she has sent an unusual letter. A few days ago, Schufa sent a letter that caused a lot of confusion among the recipients – and shows how nervous … Read more

Schufa-Free Loans: An Analysis of Bonify’s Questionable Loan Brokerage

Schufa-Free Loans: An Analysis of Bonify’s Questionable Loan Brokerage

Getting a reasonably affordable loan without a good Schufa credit rating is a difficult undertaking. But that is exactly what the Bonify brokerage offer from the Berlin company Forteil is promoting – since the end of 2022 a Schufa subsidiary. Various “Schufa-free” digital loans are on offer there with colorful titles such as “Swiss” money … Read more