Multiple accounts at different financial institutions – is that allowed? And how does this affect the Schufa score? An overview. There is no alternative to a current account for participating in cashless payment transactions and processing banking transactions. It serves as a wage and salary account or for cash receipts such as pension or maintenance. … Read more
@KavonH, let’s talk plainly: You need around 100% loan-to-value, so around 5% pa interest is due, around €14,000 in interest per year. In addition, 2% repayment for another €5,600. Now you are just married, but after you buy and move in, the children will be there in a few years and the follow-up financing will … Read more
As of: October 20, 2023 4:50 p.m Schufa has begun deleting the data of 20 million cell phone customers – as data protection advocates have been demanding for years. However, consumer lawyers fear that the deletion could make it more difficult for customers to sue. Schufa has surprisingly announced that it will delete the data … Read more
SCHUFA More small loans Consumers are increasingly using small loans for purchases on credit. According to the credit agency Schufa, four out of ten new installment loans were less than 1000 euros in 2022. Overall, the number of new installment loan agreements rose “rapidly” to more than 9.1 million in 2022, an increase of 30 … Read more
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
Whether it’s a rental contract, buying a car, online shopping or a mobile phone contract: Schufa provides information on how solvent and creditworthy customers are. The company is now offering an app via a subsidiary that you can use to call up your own Schufa score – free of charge. But consumer advocates advise consumers … Read more
The credit agency Schufa is a powerful institution in Germany. She has data on more than 60 million people, and her assessment of someone’s creditworthiness determines the future of many people every day. If your own value is low, you can only get a rented apartment or a loan with a bang and bang. The … Read more
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
The corporate world keeps coming up with amazing combinations. It was not until December 2022, for example, that sugar breeding bull Katjes bought a whole package of toothpaste brands from Henkel, including Theramed and even the organic toothpaste Vademecum. A strange combination at first glance, since it is sweets like those from Katjes that the … Read more
Many private households are currently receiving nasty raise letters from energy suppliers. What to do if the house bank refuses the desired mortgage or if there are Schufa problems? Even with negative Schufa characteristics, you should always look for a normal loan first. Because in more than 90% of cases a normal loan is possible … Read more