What does Schufa store? We explain

Schufa is a private company that uses financial data to provide an assessment of people's creditworthiness and ability to pay. To do this, Schufa receives information from partner companies. These companies inform you about exactly what data is transmitted.

What data is stored by Schufa?

A Schufa report is required by anyone who wants to buy a house or applies for a loan. Also landlords often use this service. Schufa stores numerous data to create the information. You can request information about it at any time free of charge. However, an official certificate costs a fee. Your data may be stored by Schufa for a certain period of time. For example, data on credit inquiries may be stored for one year and data on loans that have already been repaid may be stored for three years. If you do a review of your Schufa data and see older entries, you can request that this information be deleted. This is important so that your credit score is not affected. Since sometimes things have to move quickly, you should have erroneous data deleted quickly. This way, you can request a Schufa report at any time without getting a nasty surprise.

This information is stored by Schufa

1. General personal information: Name, date of birth, place of birth, address
2. General financial data: Vorhandene Konten, Kreditkarten, Leasing- und Handyverträge, Anfragen zu Krediten und Daten zu bestehenden und abgezahlten Krediten
3. Daten über Zahlungsprobleme: Mahnverfahren, Vollstreckungsbescheide, Insolvenzverfahren und Vermögensauskünfte