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Is the Schufa "bonity score" illegal? New court rulings

Summary by stern.de
The Schufa wanted to become more transparent – voluntarily. Two court rulings could now speed this up. And they raise the question: Is the credit score allowed at all?Transparency instead of "black box": Consumers should in future get full insight into how their valuations on creditworthiness come about at the Schufa. The information agency has simplified its so-called score, which informs about creditworthiness – and promises: even lay people c…

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The Schufa wanted to become more transparent – voluntarily. Two court rulings could now speed this up. And they raise the question: Is the credit score allowed at all?Transparency instead of "black box": Consumers should in future get full insight into how their valuations on creditworthiness come about at the Schufa. The information agency has simplified its so-called score, which informs about creditworthiness – and promises: even lay people c…

·Germany
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stern.de broke the news in Germany on Friday, April 25, 2025.
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