K1300S
2013-12-13 13:39:49
- #1
Correction: 20% (Otherwise the calculation doesn't work)
We (read: you) still need to practice the percentage calculation, I’m afraid. You probably meant 20% of 125,000. Then you get your 100,000 lending value and thus at 60% of that the 60,000 "secure loan". So much for mathematics.
In any case, my position remains – no matter how meaningful the Schufa ratings may be: the system is completely opaque, yet a bank relies largely blindly on it, resulting in ludicrous valuations and consequently rejections. I speak from personal experience.
That a completely transparent system is easier to manipulate may be true, but the current power of Schufa – setting aside data protection aspects – cannot be what is intended.