What is a SCHUFA score?

The SCHUFA Score is a numerical value that describes your creditworthiness. It is calculated by the credit agency SCHUFA and serves for many companies as the basis for decisions such as grating loans or accepting you as a renter.

The exact calculation method of the SCHUFA Score is a trade secret. However, different data from different sources, such as public registers, are used for the calculation.

In terms of scoring, the closer the score is to the 100, the better. Any percent lower then 100 implies a percent higher chance of non payment. A bank will charge you for this risk. This is how SCHUFA itself qualifies the scores:

> 97,5 % very limited risk

95 % – 97,5 % low to manageable risk

90 % – 95 % manageable to higher risk

etc.

There are ways to improve your SCHUFA score in the long term. Read more here: improving my Schufa score. It is particularly important to check your own credit rating for obsolete or incorrect entries and to have them deleted if necessary.

You can get a copy of your SCHUFA report here.

Looking for a mortgage?

Use Hypofriend's affordability calculator to see what you can afford based on your personal situation.

See what I can afford
MichaelMichaelMichael

How can we help?

Speak to an expert

Certified by

Covered by

GDPR Standards

EN

 / 

DE

Certified by

Covered by

GDPR Standards

EN

 / 

DE