Some fun features of SCHUFA in Germany: 1. If you apply for a loan, this affects your credit rating. Yes - not get a loan, or default on a loan, simply by applying for a loan, your SCHUFA can be affected negatively. Especially if you are shopping around for loans, this is infuriating. This happens because your SCHUFA is affected simply by another entity checking your SCHUFA score. This is also really annoying because…
Regarding 1): This can be avoided by having an agency asking for loans for you, as those requests are not directly linked to you as far as Schufa is concerned. Most of the time so, you can easily ignore Schufa in your dqy to day live. They suck to deal with for mortgages, loans and appartment rental so. And they over step their authority and abuse their power all the time, without cobsequences for them so far. Hope t…
Re: German credit agency earns millions through unlawful customer manipulation
#271What is an example of such an agency?