Construction financing despite a very bad Schufa score

So you would address that directly? I mean, our local bank is not even connected to [Schufa], for example. But if I bring it up, there is a risk that they will reject it outright, right?

No worries, all banks have access.

For the [Schufa Score], for example, your place of residence can already be negative. If many people in your neighborhood have problems, you're in the same boat. Then your age and of course the expensive car, but if this loan is paid off, they rate it positively.

Hi. The score already started off badly as soon as 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 has been taken out.

Here we almost have the answer: You can get into debt by €6k from one day to the next. Try lowering the overdraft to a normal €500 and see what happens in the next quarter. If you don't need the credit card for work, then also switch it to a debit card. If you don't live in Asihausen now or have moved several times and haven't hidden anything, then that should be it.

As far as is known, this statement is not correct. The Schufa supposedly evaluates overdrafts positively. Supposedly, because the Schufa assumes that an appropriate income is present, since banks base the amount of the overdraft on this. To increase the SCHUFA score, one should probably choose the highest possible overdraft. Frequent moves are negative. If you have done that, you should have old addresses deleted.

Is the overdraft even listed in the Schufa? Neither my wife nor I have the overdraft included, only the current account, current account, and credit card. And we were already granted 27,500€ as an overdraft years ago.

A credit inquiry does not initially lower the score.

I would advise you to talk to the house bank and then inquire with brokers.

Basically, before you start. What do you envision as a budget, what equity do you have, and what do you both earn?

The Schufa is important but not decisive if everything else fits.