Construction financing despite a very bad Schufa score

Hello. The following: My boyfriend and I want to build a house and finance it.

My problem: I have always had a poor Schufa score, although I have never had negative entries. Since 11/2015 I have been repaying my car loan (total almost €35,000, which will be fully paid off next April), and I wonder why it was approved back then because all other cards, and sometimes account openings, were rejected.

So nothing negative, but just a poor basic score of only 87%, and in the report from January this year the probability of fulfillment in mortgage transactions is given as 75% with level M, which is simply terrible. It also does not reflect the real payment behavior because as you can see I can easily repay the above-mentioned car loan. Schufa of course does not explain why I am statistically so bad, business secret.

My boyfriend, however, has a very good basic score of about 95%, the others we do not know.

How do banks weigh this with the score? Does it even make sense to request a construction loan since every inquiry at Schufa worsens the score anyway?

Or does the bank calculate my score with my boyfriend’s? What are the experiences here?

Thank you very much!
Regards

I don't quite understand.. what was (or is?) entered that leads to a bad value? A credit inquiry does not necessarily worsen the score, by the way

Hi. The score started off badly right when I turned 18 and my data was transmitted for the first time. Basically, I only have the loan, 1 joint checking account, 1 checking account with a €3000 overdraft, and 1 credit card with a €3000 limit, 2 phone contracts. Nothing else is concluded.

I don’t understand... what were you registered with when you turned 18? It probably can’t have been more than a checking account. The Schufa “doesn’t know” me to this day... despite a checking account and, of course, a mobile phone contract. My husband has a credit card, a checking account, and our car loan registered, which apparently didn’t result in a bad score... at least our bank advisor didn’t mention anything and also easily offered us a loan. So somehow I don’t understand how you get a bad score if nothing negative was registered?

Exactly that I don’t understand either. Maybe I have simply become a victim of statistics.. I mean it’s clear that every bank handles the score differently, see my car loan. But now the question is how it is with the [Baufinanzierung], one partner good creditworthiness and one bad.

why it was approved for me back then, because otherwise all cards, sometimes even account openings were rejected.

Rejections can also appear in the Schufa and lead to a bad score.

How do banks weigh that now with the score? Does it even make sense to request a mortgage, since every inquiry in the Schufa worsens the score anyway?

You can talk to banks about everything. But please not direct banks online, as they don’t want to hear your story at all. Talk to banks in your region about your financing request. In the past, when I still had to approve private mortgages, I even approved financing with negative entries if there was a good story behind it.