Construction financing despite a very bad Schufa score

2019-07-13 15:05:50

No, I don't have a negative balance. My account balance is in the almost five-figure positive range... It's only about the current month where expenses were higher than income...

2019-07-13 16:17:01

So we had to submit the entire last 12 months. Maybe you should do that too, so it shows that you don't blow your money every month!

2019-07-13 18:51:44

As far as is known, this statement is not correct. Schufa supposedly evaluates overdrafts positively. Supposedly, because Schufa assumes that a corresponding 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 this, you should have old addresses deleted.

Where does one have old addresses deleted?

2019-07-17 15:53:24

Hello, Unfortunately, the score only increased slightly from 83.31 to 84.51. Unfortunately not good. At the end of July, the construction financing will be applied for, we are expecting the worst. However, my partner should have a very good credit rating, let's see how the bank mixes that. How is it generally, Deutsche Bank wants the last bank statement. But there the expenses are higher than the income, because among other things we ordered a lot of concert tickets, but the money comes from the savings on the checking account, that is, the vacation money that was still in the account 2 months before. Can this be explained to the bank or is it not a problem if expenses are higher than income when the account balance is well over positive?

Hey, so some banks like ING require a score of at least 95, otherwise they're out. Other banks (Sparkassen etc.) are not necessarily interested in the score if the general conditions fit, then they add a 0.20% surcharge for the bad score, and do the financing. If DB backs out, then get in touch ))

2019-08-26 16:56:22

Hello. Through the intermediary, we submitted a preliminary inquiry at Sparkasse Bremen without documents. In doing so, Sparkasse Bremen AG (hypoport/ FINMAS) made a real estate loan condition inquiry.

Now it is said that the bank basically envisions financing after the preliminary inquiry, but the documents are missing. Our advisor could not answer the following question: Has the Schufa check already been done in advance through the inquiry, i.e. since no rejection has come, does it look good? Or will there be another inquiry with the documents? Or has the score not yet been considered? Can anything be said about it?

2019-08-26 17:08:20

That was probably just a conditions inquiry in order to be able to create a basic offer. Whether you get the loan or not is still completely uncertain, not just the conditions. Only when all documents, including the requested and subsequently requested ones, are complete, will there be a binding offer or rejection.

Savings banks are rather uncomplicated and often offer alternatives before there is a sudden rejection.

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Construction financing despite a very bad Schufa score

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