What do statements in the credit report mean

Schufa score tables: This is what the numbers mean

Simply get a loan or sign a mobile phone contract: With a bad score at Schufa, these projects can quickly fail. What is behind it and what you should know.

If you want to take out a loan or apply for an apartment, the bank or housing company will check your creditworthiness, also known as creditworthiness. The so-called Schufa score is decisive for this.

But what is that exactly? How do you calculate the Schufa score? And what is a good or bad Schufa score? t-online provides answers to the most important questions.

What is the Schufa score?

The Schufa score is a value that assesses your creditworthiness, also called creditworthiness. He is from the Credit bureau Schufa calculated, the largest credit agency in Germany. The Schufa score is based on a complicated, secret analysis process.

Banks, insurance companies or rental companies use the Schufa score to assess the likelihood of a customer paying their loan installments or rent in the future, for example.

What is the base score?

The so-calledBase score states the Schufa with the self-disclosure. It is specified as a value between 0 and 100 percent.

This percentage is based on the data stored by Schufa and is updated every three months.

Score value in percentProbability of failure
> 97,5Very low risk
95–97,5Low to manageable risk
90–95Satisfactory to increased risk
80–90Significantly increased to high risk
50–80Very high risk
< 50Very critical risk

This is not about individuals: you become one statistical comparison group assigned.

For example, a percentage of 95 percent should indicate that statistically within this group of 100 people 95 people reliably meet their payment obligations. Your Schufa score would be quite high in this case - that's good.

Good to know: A score of 100 percent is practically impossible. This is because no one can guarantee that a loan payment could fail after all.

What is an industry score?

In addition to the basic score, there is also Industry scoreson a scale from 0 to 9,999. This is because the probability of a bank loan being repaid can be different from that of a mobile phone contract.

This means that there are different Schufa scores for banks, insurance companies, telecommunications companies or online retailers.

Good to know: Both positive and negative features flow into the Schufa scores. Positive features are, for example, loans that have been paid off. Negative characteristics, on the other hand, are open claims or judicial dunning proceedings.

The Schufa score for financial institutions

The industry score for your next loan if you have no open negatives:

RatingScore valueRisk rate in percent
A.9.863 – 9.9990,80
B.9.772 – 9.8621,64
C.9.709 – 9.7712,47
D.9.623 – 9.7083,10
E.9.495 – 9.6224,38
F.9.282 – 9.4946,21
G8.774 – 9.2819,50
H8.006 – 8.77316,74
I.7.187 – 8.00525,97
K6.391 – 7.18632,56
L.4.928 – 6.39041,77
M.1 – 4.92760,45

The industry score for your next loan, if you have open negatives:

RatingScore valueRisk rate in percent
N4.112 – 9.99948,47
O1.107 – 4.11177,57
P.1 – 1.10696,08

The Schufa score for online shops

If you shop online and want to pay for your order on account, the mail order company will check yours Creditworthiness. To do this, the online shops use Schufa score tables with special rating levels.

The industry score for your next online purchase on account if you have no open negative features:

RatingScore valueRisk rate in percent
A.9.974 – 9.9990,14
B.9.952 – 9.9730,35
C.9.937 – 9.9510,53
D.9.918 – 9.9360,66
E.9.886 – 9.9170,86
F.9.825 – 9.8851,22
G9.647 – 9.8242,34
H9.437 – 9.6465,30
I.9.279 – 9.4367,73
K9.006 – 9.27810,26
L.8.078 – 9.00515,81
M.1 – 8.07735,94

The industry score for your next online purchase on account, if you have open negatives:

RatingScore valueRisk rate in percent
N3.208 – 9.99949,16
O283 – 3.20788,72
P.1 – 28299,54

The Schufa score for mobile phone contracts

Credit rating and cell phone contract? Your creditworthiness also plays an important role for your next smartphone. Your creditworthiness is checked not only when you want to buy a new cell phone in installments, but also when you sign a new cell phone or DSL contract.

The industry score for your next mobile phone purchase, if you have no open negatives:

RatingScore valueRisk rate in percent
A.9.877 – 9.9990,60
B.9.787 – 9.8761,49
C.9.724 – 9.7862,39
D.9.621 – 9.7233,16
E.9.459 – 9.6204,66
F.9.181 – 9.4587,28
G8.607 – 9.18010,49
H7.725 – 8.60617,76
I.6.856 – 7.72428,73
K6.094 – 6.85535,97
L.4.681 – 6.09344,97
M.1 – 4.68060,59

The industry score for your next cell phone purchase, if you have open negatives:

RatingScore valueRisk rate in percent
N3.288 – 9.99950,37
O231 – 3.28788,15
P.1 – 23099,34

How is the value calculated?

How exactly the so-called base score is calculated is a business secret of Schufa. However, it is clear that Schufa includes a lot of data.

The following data, among others, play a role in calculating the Schufa score:

  • Payment obligation data
  • About accounts
  • Collection agency data
  • Court data such as "Failure to provide asset information", "Creditor satisfaction not proven after one month", "Creditor satisfaction excluded"
  • Information on consumer bankruptcy proceedings

How can I improve the Schufa score?

There are several ways to improve your Schufa score. You can find the most important ones attached:

Pay bills: Pay your bills for the cell phone contract and electricity on time. With a direct debit you reduce the effort and the risk of overlooking an invoice. Read here how it works. Always meet your obligations to repay your loans on a monthly basis. In addition, early repayment could also have a positive effect on the Schufa score. You should also be careful not to exceed your credit limit in the first place.

Loan request: When inquiring about a loan, do not ask for a loan from a bank. Instead, use the condition request. This is the case when you compare the loan terms of several banks on a comparison portal.

Overdraft facility: Banks can report to Schufa whether and to what extent they grant their customers an overdraft facility - but they are not obliged to do so. The amount is therefore not included in the calculation of the creditworthiness score, explains Schufa. However, a higher overdraft facility could indicate that the bank assesses the customer as trustworthy.

Change of current account: The Schufa apparently rates frequent account changes negatively. If you choose an inexpensive current account with a direct bank instead of a branch bank, you are still flexible when moving. You should therefore cancel current accounts that you can do without.

Change of residence: Those who move very often give the impression of being fickle and - in the worst case - wanting to conceal their identity.

Schufa data: Take the initiative and regularly check your data that Schufa stores about you. You can read here how to obtain a self-assessment free of charge. After you have submitted the relevant documents, you can delete possible incorrect entries or have them corrected. Read here how it works exactly.