HilfeHilfe
2018-01-16 13:58:12
- #1
It's not that funny. And not so trivial.
There are banks that don't use this score, but other scores instead. Or their own systems, or even no system at all.
Even Schufa doesn't have just this one score, but different scores for different purposes.
But let's stick with the mortgage lenders.
For which part of the mortgage is the score relevant? On the one hand, maybe to immediately execute the death sentence, meaning negative characteristics destroy the score, or for the unsecured portion of the mortgage. That starts at 60% loan-to-value, has noticeable effects from 80%, and beyond 100% it works fully.
First come debt service ability and collateral valuation, and only when the latter is no longer sufficient does the borrower's creditworthiness evaluation come into play, disregarding knockout criteria for now.
With the Barclays loan (unsecured), it's of course different.
But somehow all this doesn't really help the OP much.
Yes, but your statement that you can flush a Schufa down the toilet (exaggeratedly speaking) is flawed.
Schufa connection costs money and the local savings banks often don't report. Customers are then left in the lurch when they want a mortgage and/or loan and their house bank has to report them afterwards so that data exists. Thus, you can secure business if you refuse to report afterwards :) I think that's goodwill.
The large banks all work with the Schufa connection and use the score for the initial decision. In the age of digitalization, Schufa is becoming ever more important. After all, they sit on "BIG DATA."