She is queried almost everywhere: the creditworthiness. But what is actually behind it? And how can you influence your creditworthiness?
Whether the rental agreement, a loan or the new cell phone with a contract – the credit rating is always crucial. We explain here why she plays such a big role and how you can influence your own creditworthiness. You will also find out how you get an insight into your creditworthiness yourself.
Simply put, the creditworthiness describes yours Financial trustworthiness. Banks, landlords or dealers check how likely it is that you pay invoices or loans on time.
Various factors flow into the evaluation:
The better your creditworthiness is assessed, the easier you get loans or contracts at favorable conditions. A poor credit rating, on the other hand, can result in rejections or higher interest rates.
The best -known information about its creditworthiness provides Schufa in Germany. It collects data about its payment behavior, ongoing loans and contracts. A so-called Schufa score is calculated from this-a percentage that indicates its probability of payment. The higher this score, the better it is about your creditworthiness.
Important: Many consumers do not know that once a year they can request an overview of the stored data from Schufa. In this way you can also check whether outdated or incorrect information unnecessarily deteriorated your creditworthiness.
Often, those affected only learn about poor credit rating when it is too late – for example, if the loan is not approved or the rental agreement is not signed. It is therefore worthwhile to keep an eye on your own creditworthiness. With good payment behavior, punctual rates and realistic financial plans, the credit rating can be actively influenced.
A tip: Check your creditworthiness yourself before important contracts – and avoid nasty surprises. From the beginning, they show themselves as a reliable contractual partner.
