The SCHUFA (Schutzgemeinschaft für allgemeine Kreditsicherung) is Germany’s largest credit reference agency and plays a central role in credit checks. Your SCHUFA score can determine whether you can get a loan, sign a rental agreement or take out a mobile phone contract. But how does the SCHUFA work, and how can you improve your SCHUFA score? Here you will learn everything you need to know.
What is SCHUFA and how does it work?
SCHUFA collects and stores data from over 10,000 partners, including banks, mobile phone providers and retailers. This information helps companies assess your creditworthiness. The most important data that SCHUFA stores includes:
• Account and credit information (e.g. current accounts, loans, credit cards).
• Payment history, i.e. whether invoices have been paid on time.
• Personal data such as name, address and date of birth.
On the basis of this data, SCHUFA calculates a so-called SCHUFA score, which reflects your creditworthiness.
SCHUFA score: what does it mean and how is it calculated?
Your SCHUFA score is a percentage value that indicates the probability that you will meet your payment obligations. The higher the score, the better your credit rating.
SCHUFA score table: What do the values mean?
Score range: Risk of default
•97.5% – 100%: Very low risk
•95% – 97.5%: Low to manageable risk
•90% – 95%: Satisfactory risk
•80% – 90%: Increased risk
•Below 80%: Very high risk
What factors influence the SCHUFA score?
The exact calculation method is a trade secret, but these factors play a role:
•Payment history: Have you paid bills or loans on time?
•Credit utilisation: How many loans and lines of credit do you currently have?
•Contract duration: The longer you have stable contractual relationships, the more positive the effect.
•Negative entries: Reminders, debt collection proceedings or bankruptcies have a strong negative impact.
Services provided by Dr Schulte in the area of SCHUFA and credit ratings
Your expert for SCHUFA law
Dr Thomas Schulte is an experienced lawyer who specialises in advising and supporting clients in SCHUFA matters. Together with his team, he offers tailored solutions to protect his clients‘ credit ratings and to dispute unauthorised SCHUFA entries.
Checking and contesting SCHUFA entries
If a negative SCHUFA entry is affecting your creditworthiness, Dr Schulte will check the legality of the entry. He ensures that unauthorised or outdated entries are deleted so that you can restore your credit rating.
Advice on improving your credit rating
Dr Schulte explains how the SCHUFA score works and which factors influence it. He offers specific strategies to improve your credit rating in the long term, such as:
• Optimising your credit behaviour.
• Avoiding future negative entries.
• Using positive credit characteristics.
Legal representation in disputes
If you have a dispute with SCHUFA or other contractual partners, Dr Schulte will represent you in and out of court. This includes:
•Lawsuits for the deletion of unauthorised entries.
•Claims for damages in the event of incorrect credit rating restrictions.
Current developments in SCHUFA law
Dr Schulte is committed to ensuring that consumers benefit from the new regulations of the ECJ ruling in 2023. This ruling strengthens your rights and increases transparency in the calculation of the SCHUFA score.
How do I improve my SCHUFA score?
A poor SCHUFA score is not permanent. You can improve your score with these tips:
1. Always pay your bills on time: Don’t let reminders or debt collection proceedings arise in the first place.
2. Reduce the number of credit inquiries: Every credit inquiry is stored at SCHUFA and can lower your score in the short term.
3. Pay off existing loans consistently: Low credit utilisation improves your credit rating.
4. Check your data regularly: Request a free SCHUFA report once a year and check your data for errors.
5. Maintain stable contractual relationships: Do not close accounts or terminate contracts unnecessarily often.
Real-life example: Dr Schulte helps with a SCHUFA entry
One of Dr Schulte’s clients was rejected by his bank when he applied for a loan to buy a home because of an incorrect SCHUFA entry. Dr Schulte checked the legality of the entry and found that the underlying claim had been settled years ago. Legal action succeeded in having the entry deleted, enabling the client to obtain the loan on favourable terms.
FAQ about SCHUFA
1. What does a negative SCHUFA entry mean?
A negative entry indicates payment problems, e.g. unpaid bills or debt collection proceedings.
2. How often can I check my SCHUFA data?
Once a year you have the right to a free SCHUFA information.
3. Does moving affect my SCHUFA score?
Moving itself has no direct influence. However, several moves in a short period of time could be interpreted negatively.
Contact Dr Schulte
Would you like support in SCHUFA matters or to improve your credit rating? Dr Thomas Schulte and his team are at your service. Arrange a consultation and benefit from his expertise!
Address:
Dr Thomas Schulte
Malteserstraße 170, 12277 Berlin
Contact:
Telephone: 030 – 22 19 220 20
Email: dr.schulte@dr-schulte.de
Website: www.dr-schulte.de
Dr Schulte is your reliable partner when it comes to SCHUFA and creditworthiness. Trust in his expertise and get individual advice!
Delete SCHUFA entry? Dr Schulte helps quickly and effectively!
Negative SCHUFA entries can significantly restrict your financial freedom. Credit rejections, problems finding accommodation – a negative SCHUFA score can affect many areas of your life.
As an experienced lawyer specialising in SCHUFA law, I can help you to review, dispute and delete negative entries.
I offer you:
- Free initial assessment of your case: Describe your situation to me and I will check whether and how I can help you.
- Fast and effective processing: In many cases, we can achieve the deletion of unauthorised entries within 1 to 3 weeks!
- Transparent communication: I will keep you informed of every step and am always available to answer your questions.
- Nationwide representation: No matter where you live, I will stand up for your rights.
Which SCHUFA entries can be deleted?
Many negative SCHUFA entries are unjustified or erroneous. Claims are often reported even though they have already been settled or involve only small amounts. Erroneous classifications or outdated data can also lead to negative entries.
I can help you delete:
- Incorrect SCHUFA entries
- Entries about claims that have already been settled
- Unauthorised entries due to disputes with companies
- Outdated data
In addition, I can advise you on:
- Current case law in SCHUFA law: The DSGVO and current court rulings offer you numerous opportunities to enforce your rights against the SCHUFA. I am familiar with the current legal situation and will use my knowledge to help you.
- SCHUFA scoring and data protection: The SCHUFA scoring procedure is complex and carries risks for consumers. I will inform you about your rights and help you to avoid negative effects of scoring.
Do not hesitate to contact me if you have problems with the SCHUFA!
I will help you regain your financial freedom.
Dr Thomas Schulte
Lawyer
Malteserstraße 170, 12277 Berlin
Telephone: 030 – 22 19 220 20
Email: dr.schulte@dr-schulte.de
Website: www.dr-schulte.de
https://www.dr-schulte.de/rechtsanwalt-schufa-eintrag-loeschen-lassen/