All you need to know about Schufa
It’s not always simple to keep track of your own money. Especially if you are new to Germany or have recently arrived. You’ll have many contracts, at least one current account, a credit card, maybe a loan, an Amazon account, and utility bills, among other things. You would have agreed to this condition when you signed these contracts, which stated that the data would be sent to a business named SCHUFA . SCHUFA is one of two major corporations in Germany that do credit checks on individuals and businesses. According to article 15 of the GDPR, you have the right to request a copy of the personal data that each firm, including SCHUFA, has on you. What Is Schufa And Which Kind Of Data Do They Store? Schufa is a corporation that makes money by giving information about the creditworthiness and credit ratings of business partners to interested parties/affiliates. This can include both private individuals and commercial organisations / corporations. Whether you ask for a loan from a bank the