Schufa score 90.94%?
Hi, I'm 21.
How quickly can I improve my Schufa score and is it even possible and if so, how?
Can I still get a loan with the Schufa score if I want to finance a house
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90% is a pretty low score, and it's unlikely a bank will approve a mortgage. You can always inquire, but it won't do your score any good.
How quickly a score improves, and whether it will, depends on too many unknown variables. It could be in a year. Or in five. Or never.
Yes – and so the private company SCHUFA decides the fate of millions of people without any input and without anyone being able to do anything about it. Truly unbelievable.
No, I don't see it that way at all. It's generally a good idea to determine a customer's probability of default; customer authorization is obtained for every (relevant) banking transaction, and anyone with a very low score knows pretty well why.
We can only argue about how Schufa's impact extends beyond banking transactions (etc.). But the customer wants something from the bank, not the other way around. Accordingly, a bank should be able to take every precautionary measure, even if it engages external assistance.
Or do you think many more people would get loans without Schufa? No, the banks would be even more cautious and, just to be on the safe side, would reject many more loans than they should.
Here in Austria there is no such thing as a Schufa score, but KSV The banks will check you in other ways anyway
I had to provide six months' worth of complete bank statements, showing EVERY account transaction. Plus payslips for the past three years.
In addition, the obligation to show at least 20% equity
I have one credit card. I have no account closure. And no residual debt relief.
"In other countries, the bank looks at the customer itself."
Hmm…what is Crif and KSV, for example?
OK, sorry—you're right. I just went through his questions, and they paint a picture where the 90% score is still significantly too high 😀
We don't see ANYTHING here because we don't know the other entries. Schufa isn't as arbitrary as people like to think. The person asking the question might have four credit cards, closed an account, just completed a debt relief program, or something else.
We can see from the questioner that the system doesn't work. A person is simply excluded from financing a property based on incomprehensible criteria.
In other countries, the bank looks at the customer itself.
The ways of SCHUFA are sometimes unfathomable.
In my case, one contractual partner is informed of 86%, the next 98%.
But when I read through your questions, the score of 90% seems much too high for you.