How many offers and how far do they go?

Don't get too many... always remember the Schufa points...

Sorry Olli, that is not true (anymore).

Condition inquiries are score-neutral.

If the bank also complies with that...

For me, the bank to be financed has made FIVE loan inquiries... on 01.04. I will see what damage this has caused.

And despite errors in the bank's process, that cannot be changed anymore...

There are 4 arguments against the issue of worsened loan conditions due to Schufa scores.

1) This issue has been known since my training (about 10 years ago). It should therefore be well known everywhere.

2) The requesting bank can correct any report. (Sometimes this requires some assertiveness).

3) Many banks do not even make an inquiry for an initial offer and therefore write "subject to credit check".

And now the absolutely crucial point, and Voki is welcome to correct me here.

4) The determination of terms in private B financing is almost independent of the Schufa score or any other scores, as the risk primarily depends on the securing property and the individual personal risk cost factor only starts where the collateral quality of the property decreases in terms of realizability. That is particularly the case for financings from 80% loan-to-value ratio and upwards. In this range, the terms increase uniformly for all customers, resulting in a solidarity-based cost sharing of the risk among borrowers.

If the bank considers the risk too high, it will reject immediately. If the risk is acceptable, then the usual terms apply.

It may be well known, but there are still so many bankers who - sorry - are simply too stupid to operate their own banking system.

In addition, there is Schufa itself, which offers a not exactly stable and correct system including connectivity.

According to Schufa, this can no longer be changed - I was also surprised because I knew it differently. It may also be that I just had a lazy clerk on the phone.

The bank currently also wants to clarify internally why work was not continued with the known reference number...

I tend to associate lazy employees with having no clue.

On the banking side, I have not had a bad experience with [Schufa], and existing data errors (we probably agree that they exist) could always be corrected by disadvantaged customers after appropriate and substantiated argumentation. It sometimes takes one or two months, but they are not as bad as always portrayed. It should be clear that "this is wrong!" is not enough.

But every report that is initially presented by the affected party as untrue and disputed to [Schufa] must (and will) first be marked as disputed there and examined with the submission of "evidence" by the reporter.

So:
1) The report can be corrected.
2) The score is regularly recalculated, then the correction happens automatically.

The media and some customers sometimes make it too easy. It goes (also with [Schufa]) beyond what most think.