Real estate developer bad credit score

And then it doesn’t say who it applies to? - that would almost be slander if it is not clearly stated there.

...I looked again. It says that there are negative information about the managing director from public registers. Does that make a difference?

It says that there is negative information about the managing director from public directories. Does that make a difference?

So what is it now: are negative reports (meaning that there are NO entries) available, or are "entries present"? – that would be the opposite after all!
In a report about my company, it also stated that there were entries about an organ of the company (namely that I was previously involved in the management of a company that went bankrupt – this is merely a cross-reference that is factored into the overall score, but actually does not concern the company itself). By the way, the score also takes into account the area where the company is located (in mixed residential and commercial streets, if many neighbors have the cuckoo on their TV, accordingly bad, etc.). The probability of default is also influenced by the industry. The financial statements do not reveal everything either, but usually more than the credit report. Incidentally, a mailbox developer can look better than one who is also a construction contractor and has leased all kinds of vehicles and machinery. These reports are not at all easy to understand or clear for laypeople. But what your financing bank thinks of your general contractor usually tends to be based on a more precise risk assessment.

Hello,

have the developer provide a bank guarantee. then it will be fine

So what now: are there negative reports (meaning that there are NO entries) or are there "entries present"? - that would be the exact opposite! In a report about my company, it was also stated that there were entries regarding a corporate body of the company (namely that I was previously involved in the management of a company that went bankrupt - this is merely a cross-reference that is factored into the overall score but actually does not concern the company itself). By the way, the score also factors in the area where the company is located (in mixed residential and commercial streets, if many neighbors have the cuckoo clock on their TV, accordingly poor etc.). The probability of default is also influenced by the industry. The financial statements do not tell everything, but usually more than the credit report. A mailbox property developer can, by the way, appear in better shape than one who is also a contractor himself and has leased all kinds of vehicles and machines. These reports are not easy to understand or clear for laypeople. But what your financing bank thinks of your general contractor usually is based on a more precise risk assessment.

Thank you very much for the information! It turned out that he had already founded a company which he had to file for insolvency for. The IFB Bank confirmed to us that they do not do business with the contractor and they found it very good that we obtained the Schufa report of the company.