SCHUFA CreditReport for private customers

With the ‘insic Update’ series of articles, we give you a complete overview of the software required to implement the compliance requirements of German and European regulation.

You can find all articles in this series on our multilingual overview page.

SCHUFA CreditReport for private customers for fully automated credit assessment in the background

The SCHUFA CreditReport documents the financial reliability of individuals.

Upon selecting the SCHUFA CreditReport procedure, the service transfers personal data (first name, last name, address and birth data). Along with the relevant information for concluding a contract, a score is provided as a result. This score is determined based on data from debtor registries, insolvency announcements, and payment information from banks and other reliable third parties.

The SCHUFA orientation score offers an up-to-date assessment of a person’s creditworthiness. The score ranges from 0 to 10,000, with higher values indicating greater reliability. If the SCHUFA score falls below a value you define, the request will be rejected.

The service guarantees compliance with the rights of the data subject in accordance with the GDPR and is not score-neutral for the user. The enquiries have an influence on the score. The processing of positive data from individuals in the SCHUFA CreditReport complies with data protection regulations, as per decisions of federal and state data protection authorities.

The transactions are billed through your individual SCHUFA contract.

Your advantages include:

• Fully automated credit assessment in the background
• Access to a reliable and comprehensive database
• Customisable assessment limits
• Access to assessment results at anytime
• Automatic notification of score value changes

By using this creditworthiness assessment, you can reduce the risk of payment defaults and other business-related risks.

Take advantage of fully automated credit checks based on the unique SCHUFA database today!