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For many, SCHUFA is a term of fear, because negative SCHUFA entries can have far-reaching consequences in terms of creditworthiness and creditworthiness. What concrete consequences can one or more SCHUFA entries mean for you? How can you have an incorrect SCHUFA entry deleted? We will keep you informed about SCHUFA so that you know and can react positively.
What data does SCHUFA store?
SCHUFA stores various data from natural persons. These are reported by their contractual partners on the one hand, but also transmitted to them by other credit agencies such as debtor registers and local courts and in turn serve as SCHUFA information for creditors who want to protect themselves against payment defaults.
The following personal data and information about the consumer are saved to calculate the SCHUFA score:
- Contact details such as name, address or date of birth
- Accounts, credit cards, loan agreements and their terms
- Leasing contracts and their terms
- Guarantees and their terms
- Customer accounts with mail order companies and online shops
- Customer accounts with telecommunications providers
- Information in public registers (e.g. private bankruptcy proceedings, discontinued consumer bankruptcy proceedings or arrest warrants)
How does a negative SCHUFA entry come about?
It happened quickly: an invoice was overlooked and not paid. If the outstanding amount is not paid even after reminders, the creditor has the option of engaging a debt collection company to collect the outstanding amount from the person concerned. If the debtor concerned does not react to the reminders and does not settle his debt, a judicial dunning procedure will ensue. That is the starting point for a negative SCHUFA entry.
No consumer who pays an invoice too late has to expect a negative entry at SCHUFA. The same principle applies to overdue loan or lease payments. This is not communicated to SCHUFA, does not entail any entry and therefore has no negative effects on the SCHUFA score.
There are certainly false or incorrect entries at SCHUFA, which have a negative impact on your life. In order to prevent this, you can request an application for a free self-assessment from SCHUFA once a year! If you discover an incorrect entry, contact the person who submitted the incorrect data immediately. In this case, he is obliged to correct incorrect, negative information immediately. In addition, inform SCHUFA so that an immediate deletion of the error is initiated as quickly as possible and has a positive effect on your SCHUFA score.
What is the difference between soft and hard SCHUFA entries?
The entries can be divided into “soft” and “hard” negative entries. Soft negative entries contain information about contractual disruptions. This includes, for example, an extraordinary termination by the contractual partner to his customer. The information on whether a current account has been canceled by the bank or a credit card has been withdrawn is also saved.
Hard negative entries involve enforcement actions. Regular bankruptcy proceedings or consumer bankruptcy proceedings fall under this category. In these cases, the insolvency or unwillingness of a debtor to pay was confirmed by a court judgment.
What are the consequences of a negative SCHUFA entry?
Negative SCHUFA entries are considered hard negative features and can have serious consequences for those affected, as both creditworthiness and creditworthiness are classified as negative:
- Rental apartment :
Negative SCHUFA entries put big obstacles in the way of potential tenants when looking for an apartment. There is no obligation to provide the landlord with SCHUFA information, but the housing war that is prevalent in large cities means that landlords prefer those tenants who voluntarily provide positive SCHUFA information. If you do not provide any information, it will automatically be considered negative.
- Loans :
Due to the negative entry, bank customers often do not receive a loan from the banks. If the loan is granted, they are classified as risk customers. The result: an ongoing loan with a high interest rate
- Bank account :
If those affected have gone through bankruptcy proceedings, opening an account with banks is often difficult. The request for an overdraft facility is no longer granted. Credit accounts without a SCHUFA query are an alternative. An account can be opened here without information being passed on to SCHUFA or obtained by SCHUFA.
- Credit card :
A credit card is like a bank account. A normal credit card can no longer be obtained. The risk that the money can no longer be repaid is too great. One solution is a prepaid debit credit card without SCHUFA , which is based on the credit principle and protects both consumers and banks.
- Term contracts :
Contracts that are based on a term, such as mobile phone contracts, are rejected by the providers due to their poor creditworthiness.
- Pay on account :
It is not possible for consumers to purchase goods such as clothing on the Internet on account. Those affected only have the option of paying in advance.
Looking for an account without SCHUFA?
Here you can easily open an account without SCHUFA with a debit credit card in a few minutes.