In our life we encounter the Schufa in different areas. This happens, for example, when:
- A loan should be taken
- The conclusion of a contract is imminent
- financial transactions
Since the Schufa information is an important point, whether a contract is approved or not, it is interesting in the protection community for general credit protection, as the Schufa actually means to look a little closer. How and what data can be found in the Schufa? What influence do private persons or business people have on their Schufa information?
Creation of the Schufa
The origin goes back to a power station of Berlin (BEWA). This company has both sold electricity to its customers, as well as electrical appliances. Thus, the utilization of the power grid was guaranteed. With these electrical appliances, it was possible to pay the price in installments. These were driven in with current reading. So the company had an overview of the solvency of its customers. This gave an employee of the company, along with his brother, the idea that crediting their customers could be beneficial to other entrepreneurs as well. Thus, the solvency could be checked in advance and reminders or defaults are minimized.
After further discussions with a leading employee of the BEWA, plans were drawn up and finally the Schufa was created on April 1, 1927. Three years later, a Schufa was opened in Berlin. Across Germany follow other foundations. A new foundation is needed after the Second World War. In 1952, the federal Schufa eV was founded, which united the various branches. Further progress was made in 1972 when the computer query became possible. In 1978 it was then possible for citizens to obtain information about their data and make any corrections. In the year 2000 finally the establishment of the Schufa getting thing AG, which united finally all independent Schufa societies. Today their headquarters are in Wiesbaden.
Schufa in numbers today
Today, Schufa Holding AG has become a company that has become an integral part of our lives. 300,000 inquiries are made per day. In total, more than 728 million data have been collected. Over 66 million individuals and over 4 million businesses are stored there.
An overview shows that only 10 percent of the entries are negative, which leads to a positive result for the majority of the entries.
What use does Schufa have?
Business people have the opportunity to obtain information from the Schufa in order to:
- mortgage payments
- A mobile phone contract
To get security. If the creditworthiness of the customer is sufficiently good, the grant will be approved in most cases.
On the other hand, private individuals have a benefit when it comes to:
- That IDs or other documents are stolen
- That craftsmen or companies are commissioned
- That information about your own data is possible.
- That the own creditworthiness can be proven, if this is necessary for the renting of an apartment.
Thus, the company is protected against payment defaults and for all a protection against excessive debts.
Which data are stored in detail at Schufa and where do they come from?
This raises the question of what data are stored at the Schufa, and how they get there.
Most of the data comes from Schufa’s contract partners, such as banks that have signed so-called A-contracts with Schufa. This means that everything is reported that has to do with the bank, whether positive or negative. Other contractors include mail-order companies that have rather signed B-contracts, which means that only negative data is reported here, for example, if a customer has not been paid, a dunning procedure has been initiated or otherwise. In addition, the company obtains data from public directories of local courts in which debtors are registered.
Data about the person is saved like:
- Name, day of birth, gender
- Current and previous addresses
Data concerning the creditworthiness. This includes:
- Ongoing contracts with various details such as the duration and the amount
- current accounts
- Existing credit cards
- mobile phone contracts
- Accounts by mail order
Negative entries like:
- Judicial claims
- Prohibition of using a credit card
- Information from public directories, such as an arrest warrant or affidavit, bankruptcy or similar