In Germany, all financial actions of people are absolutely transparent. We are all like “glass men”; we are under constant surveillance.
"Shufa" Every person living in Germany has one.
The most interesting thing is that information is collected only with the consent of clients, and we ourselves voluntarily “merge” our information into their database. How? For example, when a person signs a contract (gets a SIM card, opens an account, applies for a lease or applies for a loan), the contract contains the clause “Schufa-Klausel”, i.e. the condition that the history of the implementation of agreements will become a separate entry in the “Shufa” database.
In order not to “tarnish” our reputation, and if we want to get a loan on favorable terms, we need to know that the following actions will certainly affect the reliability rating in Schufa:
- Open accounts, credit cards, loans (you need to close unused accounts on time)
- Contracts, with automatic write-off (mobile communications, electricity, etc.)
- Credit inquiries (many inquiries in a short period of time negatively affect the rating)
- Payment claims, late payment reminders (Mahnung)
- Payment behavior and compliance with contractual obligations (payment of invoices within the due date, whether the terms of the purchase and sale agreement or loan agreement have been reliably complied with)
Our advice: Before entering into any serious financial transaction, check your Schufa, and if necessary, put it in order
Tales about Schufa read the article "Myths about Shufa".
For each type of data there is a certain period of storage of information in the database Schufa.
How to interpret data from SCHUFA?
Step-by-step instructions on how to request your FREE rating in Schufa discussed in the video.
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More InformationWhere to get SCHUFA?
You can independently request your rating in SCHUFA on this site.
You will need:
Identity card or Reisepasses (Foreign passport) and Meldebescheinigung (registration).
Still have questions? Write to us and we will answer you in detail.
