How is the SCHUFA score calculated?

We can not tell you exactly how the SCHUFA score is calculated. In 2014, the Federal Court of Justice decided in a ruling that the calculation formulas of credit bureaus are subject to business secrecy and therefore do not have to be disclosed.

What we can tell you is that SCHUFA and other credit bureaus collect a lot of data about you as a consumer and calculate your score on that basis.

The legal basis for the collection and storage of this data is provided by the European General Data Protection Regulation (DSGVO) and the Federal Data Protection Act (BDSG). Usually credit bureaus store the following data, among others:

  • Personal data such as name, date of birth and address

  • Information on bank accounts, credit cards and loans (including credit lines)

  • Ongoing mobile phone and leasing contracts

  • Guarantees or securities

  • Accounts at mail order companies

  • Negative features, such as insolvency proceedings or due, demanded and unpaid claims (e.g. unpaid loan installments)

  • Using this information and their closely guarded calculation formula, credit bureaus will determine your credit score. So you draw from your past payment reliability conclusions about the likelihood of your future payment behavior.

However, certain data may not be stored by credit bureaus. These include, for example, information about:

  • Wealth and capital

  • Occupation, employer and income

  • marital status

  • Religion and nationality

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