The Most Important Types of Credit Scores Explained – TechNewsTab

To date, the Schufa score has mostly been a black box for consumers. Its status was considered a secret. Using a new score, consumers should be able to accurately calculate their creditworthiness in the future. With the changeover, negative influences on the criteria are also set.

The evaluation of the so-called Schufa scores is usually difficult for consumers to understand. This should change, the company promises and announces transparency.

No mobile phone contract, no purchase of installments: Schufa has long been criticised for not disclosing its assessment criteria, which is to change, as the European Court of Justice demands.

Based on enormous amounts of data, Schufa calculates how creditworthy it considers individual consumers. Critics consider the model to be a "black box".

The Most Important Types of Credit Scores Explained – TechNewsTab

April 04, 2025 – If you’re looking to assess your creditworthiness, you’ll want to get a credit report that includes your credit score. But how do you know which credit score will best reflect your financial needs? Read on to find out how credit scores are different, and how to pick the one that will benefit you the most. The 2 Types of Credit Scores You Need to Know The two types of credit scores are most calculated by two different institution…

The Most Important Types of Credit Scores Explained

April 04, 2025 – If you’re looking to assess your creditworthiness, you’ll want to get a credit report that includes your credit score. But how do you know which credit score will best reflect your financial needs? Read on to find out how credit scores are different, and how to pick the one that will benefit you the most. The 2 Types of Credit Scores You Need to Know The two types of credit scores are most calculated by two different institution…