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Credit Agency File in Germany
onerabbit
Posts: 52 Forumite
Hallo everyone,
I´ve posted a few times here explaining that my Bankruptcy is a bit different from most on this forum as I had german debts and did an EU Insolvency in England (as is everyone`s right in EU law) where the discharge follows after a year instead of six years :eek: in Germany.
Anyway, I was discharged in December 2008 and as planned have started to now clean my german credit files. There are quite a few smaller Credit Agencies in Germany but the really, really big one is the SCHUFA. This is the mother of all credit agencies and it keeps track of almost every credit deal done through banks, telecommunication companies etc. If you get bad stuff said about you on the SCHUFA then you are well and truly f..... Well at a serious disadvantage at least
During my troubles about four years ago I was juggling everything a bit and applied for a new CC from my bank. I got it and for a few weeks I used it without any problems. But then it suddenly wouldn't work trying to pay for pertrol. I went home and sure enough there was a letter from my bank saying they had been informed of a negative entry on my SCHUFA and would therefore have to cancel both my card and my overdraught immediately. I had to beg for time to repay the outstanding balances but was really left in the lurch. That was a show of solidarity from my bank to all the other partners of the SCHUFA. They all stick together.
Now I've cleared all my debts through my bankruptcy I applied to see all the nastiness the SCHUFA has on me online. It costs about 15 squids to gain lifetime access to the data. They send you a pincode after you have proved who you are with your passport at the Post Office which I find very reasonable. Then I can see what they have on me, who has been asking questions about me and also have the chance to ask the SCHUFA to remove anything that's wrong or outdated. Putting things on is easy but certain banks "forget" to take things off. Or so I thought.
With a nice glass of wine to comfort me I logged on for the first time ready to face the music.
And what was on??? Nowt! One old bank account that hasn't existed since 1998 is still on. One old CC that I returned in 1997 is also visible. But apart from two requests for info when I changed my broadband last year it's as clean as a whistle! The SCHUFA also run a scoring system. They evaluate the statistics and award you a scoring value out of 100. I am in there with a score of 97.04! With that score I could now get anything I wanted. Any credit, any CC, the lot. Most germans would kill for a score that high. If I could sell it on I would make a fortune.
But those days are over.
cheers.
"I was born with nowt, and I've still got most of it left!"
I´ve posted a few times here explaining that my Bankruptcy is a bit different from most on this forum as I had german debts and did an EU Insolvency in England (as is everyone`s right in EU law) where the discharge follows after a year instead of six years :eek: in Germany.
Anyway, I was discharged in December 2008 and as planned have started to now clean my german credit files. There are quite a few smaller Credit Agencies in Germany but the really, really big one is the SCHUFA. This is the mother of all credit agencies and it keeps track of almost every credit deal done through banks, telecommunication companies etc. If you get bad stuff said about you on the SCHUFA then you are well and truly f..... Well at a serious disadvantage at least
During my troubles about four years ago I was juggling everything a bit and applied for a new CC from my bank. I got it and for a few weeks I used it without any problems. But then it suddenly wouldn't work trying to pay for pertrol. I went home and sure enough there was a letter from my bank saying they had been informed of a negative entry on my SCHUFA and would therefore have to cancel both my card and my overdraught immediately. I had to beg for time to repay the outstanding balances but was really left in the lurch. That was a show of solidarity from my bank to all the other partners of the SCHUFA. They all stick together.
Now I've cleared all my debts through my bankruptcy I applied to see all the nastiness the SCHUFA has on me online. It costs about 15 squids to gain lifetime access to the data. They send you a pincode after you have proved who you are with your passport at the Post Office which I find very reasonable. Then I can see what they have on me, who has been asking questions about me and also have the chance to ask the SCHUFA to remove anything that's wrong or outdated. Putting things on is easy but certain banks "forget" to take things off. Or so I thought.
With a nice glass of wine to comfort me I logged on for the first time ready to face the music.
And what was on??? Nowt! One old bank account that hasn't existed since 1998 is still on. One old CC that I returned in 1997 is also visible. But apart from two requests for info when I changed my broadband last year it's as clean as a whistle! The SCHUFA also run a scoring system. They evaluate the statistics and award you a scoring value out of 100. I am in there with a score of 97.04! With that score I could now get anything I wanted. Any credit, any CC, the lot. Most germans would kill for a score that high. If I could sell it on I would make a fortune.
But those days are over.
cheers.
"I was born with nowt, and I've still got most of it left!"
If you chase two rabbits, you will not catch either one
BSC No.1200
Comments
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That sounds like good news for you.
:j :j
0 -
Wish my credit file was as clean as that lol
Mine is a total shambles but never mind only another 5 years till its clean lol hopefully i will be in Australia by then!Is a Bipolar bear
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