# What does a negative Schufa report look like?

In this article you will find out what a negative Schufa report looks like. Because if you have requested a Schufa information, the question "What does a negative Schufa information look like?" plays an important role. Because only with a little specialist knowledge can you distinguish negative Schufa information from positive information. A negative Schufa report reduces your calculated probability of fulfillment by more than half.

This means that a negative Schufa has information enormous impact on the approval and interest rate of a loan, because banks are reluctant to take any risks when lending. That is why it is advisable before taking one Credit despite negative credit bureau obtain information from a Schufa. You can only request that the characteristics be deleted if you know what a negative Schufa report looks like and whether you have negative characteristics. You can check your credit online for free using the service Bonify* Interrogate.

## What does a negative Schufa report look like? – bank score

When it comes to negative credit bureau information, this usually means credit bureau information for banks. Therefore, an example of what a negative credit bureau information for banks looks like:

You can use the following to provide negative credit bureau information for banks 4 points recognize:

### 1. Credit bureau score

The Schufa score is a deceptive identifier to identify negative Schufa information. Because with an open negative feature, the Schufa score is in contrast to the rating level not reduced. As with Schufa scores without open negative features, the Schufa score ranges from 1-9,999 even with open negative features. Without open negative features, the Schufa score roughly corresponds to the probability of future loans being fulfilled. A Schufa score of 9,850 would therefore correspond to a probability of fulfillment of 98.5 %. If there is a negative feature, your Schufa score is still 9,850, but your probability of fulfillment is then around half, i.e. only around 49 %.

It is therefore not possible to recognize a negative Schufa only by the Schufa score. Because the Schufa score for negative features is still within the range of 1 to 9,999, which is also assigned to the positive rating levels AM. The first negative Schufa rating level N has Schufa scores of 4,112 – 9,999. The second negative level has scores from 1,107-4,111 and the lowest Schufa rating level P has scores below 1,106. The table shows the probability of fulfillment and default calculated by the Schufa for the three negative Schufa levels N, O and P.

### 2nd rating level

You can recognize a negative Schufa by the rating level. Because the rating levels for open negative features are N, O, and P. However, if the Schufa information has no open negative features, the rating levels AM are assigned. Thus, the Schufa provides information through the rating level of your creditworthiness. Schufa understands this as a probability of fulfillment or default when repaying a loan.

If the Schufa entry is negative, the Schufa calculates that the loan will only be repaid with a probability of around 50 %. With rating level O, the probability of fulfillment drops to around 20 % and with rating level P it even falls to just under 4 %. Due to these low mathematical probabilities, there are only a few banks Loans despite negative credit bureau forgive.

### 3. The probability of fulfillment

You can also recognize a negative credit bureau by the probability of fulfilment. The fulfillment cleanliness results from the rating level and the Schufa score. The probability of fulfillment of a negative Schufa information is less than 51.53 %.

### 4. Overall Importance

You can also get a negative credit bureau at the overall importance recognize. Because in this field, the Schufa carries out its final risk assessment. This results in the overall importance from the probability of fulfillment. A negative Schufa report is always shown as a "very critical risk" due to the probability of fulfillment of below 50 %.

## What does a negative Schufa report look like? – base score

The base score also reflects the negative Schufa entry. A Schufa base score of 50 % and below usually speaks for a negative Schufa entry. You can find an example of a negative Schufa information in the following image. A base score of 48.5 corresponds to % according to the Credit bureau bank score a rating level N

However, there is one exception where the Schufa base core is below 50 %, although there is no negative feature. This is rating level M. In this rating level, the Schufa base score is 39.6 %, although there are no negative features.

Of the four rating levels M,N,O,P with a base score of around 50 % or less, the levels N,O and P are negative. Rating level M, on the other hand, does not contain any overt negative features. What they all have in common is the very critical risk classification.

## What does a negative Schufa report look like? – Important deletion deadlines

According to the GDPR, the data at Schufa must not exceed the legally prescribed storage periods. Schufa is then obliged to delete the data. This way, outdated payment defaults or dunning notices do not remain in your SCHUFA report forever. allowed to appear. Most Schufa entries will be 3 years until 31.12. saved. The same applies to the deletion periods for numerous negative entries.

There are, however, some exceptions to this rule

### 1. Outdated, incomplete or incorrect data must right away to be deleted

Schufa must delete outdated, incomplete or incorrect data immediately after your request and examination. But even if the already settled claim under 1,000 euros still appears in the Schufa, the Schufa must delete the data immediately.

### 2. Credit inquiries must after 12 months to be deleted

Loan inquiries must be deleted from the Schufa information after 12 months. In addition, these entries for contractual partner information are only visible for 10 months.

### 3. Credit claims must after 3 calendar years to be deleted

Most important Schufa data such as due loan claims are deleted 3 years after repayment. But even if you close a checking or credit card account, this information will remain stored in the Schufa for another 3 years until December 31st. Applications for discharge of residual debt and entries in the register of debtors are also deleted after 3 years.

### 4. Special case of personal bankruptcy: Deletion period of up to 10 years

The entry about personal bankruptcy with discharge of residual debt remains stored for 3 years after the end of the procedure. However, this depends on the duration of the insolvency proceedings. Because this period of time adds up to a deletion of the Schufa entry. If the insolvency proceedings last 6 years, the Schufa deletes the entry about the discharge of residual debt up to 10 years after the start of the insolvency proceedings

## Schufa tables on the question: "What does a negative Schufa information look like?"

There are several Schufa tables for different industries. For lending is the Credit bureau score for banks relevant. In 2022, the Schufa score for lending after the Credit bureau score for banks, version 3.0 calculated.

There is also the Schufa base score

### What does a negative Schufa report look like? Of the Credit bureau bank score

The Schufa bank score shows your creditworthiness from 0-9,999. The associated Schufa rating level is related to the Schufa score.

### Credit bureau bank score without negative feature

Without a negative feature, the Schufa score roughly corresponds to the probability of fulfillment of loan payments. With a Schufa score of 9836, Schufa calculates that the loan will be repaid in full and on time with a probability of 98.63 %. In this case, the Schufa would assign the rating level B.

### Credit bureau bank score with negative feature

In the case of negative Schufa entries, this connection no longer exists. However, it can be roughly stated that the probability of fulfillment is halved in this case. With a Schufa score of 9836 and an open negative feature, the Schufa expects that the loan will be repaid in full and on time with a probability of 51.53 %. The probability of fulfillment has thus been halved due to the negative feature. In this case, the Schufa would assign the rating level N. The Schufa bank score is recalculated every 3 months.

If you have negative Schufa information, the rating is N, O or P. Schufa calculates the following fulfillment and default probabilities for all rating levels from A to M:

### What does a negative Schufa report look like? - Of the Schufa base score

So that you can better interpret the Schufa scores and their meaning, the probability of fulfillment was based on a uniform assignment in several risk categories. This uniform assignment is also called Schufa Baissscore, which is part of all industry scores.

The base score of the Schufa shows the probability of fulfillment of contracts on a scale from 0 to 100 %. If it is a loan, the probability of fulfillment refers to its full and timely repayment. In addition, the Schufa rating levels are assigned according to the Schufa bank score. With an online purchase, the Schufa score is used in addition to the base score online shopping queried. The higher the value of the base score, the higher the probability that that there are no defaults comes. The Schufa base score value is recalculated every 3 months.

A very good value is above 97.5 %. 100 % are not possible due to the probability of death of every human being.

## How can I see a Schufa entry?

Schufa Schufa online credit report:mySCHUFA
compact: €3.95 per month
Right away available online

Are you wondering which entries are stored in your Schufa data record and would you like to view this data? You can query every entry at the Schufa for this purpose. The legislator has made it a little easier for you to access your data with Article 15 of the General Data Protection Regulation (GDPR). Because the GDPR gives you the right to know what information is stored in your Schufa file. This free self-assessment must be made available to you once a year free of charge. You have the following options for this:

### 1. Free online query of your Schufa via Bonify

In order to keep an eye on your data from the Schufa, all you have to do is register with Bonify for free. This provider retrieves your Schufa data and presents it to you in contrast to the Schufa immediately for free to disposal. You can also have incorrect or outdated entries corrected. This will improve your creditworthiness. I recommend this method because it is easy to use online. You can via this link* Check your Schufa online immediately after a short registration.

### 2. Free data copy as a letter on paper

You can also contact Schufa directly (meineSCHUFA.de) and request a free copy of the data in accordance with Art. 15 Para. 3 GDPR. You can submit the application online. The Schufa data copy will only be sent to you in paper form by post. This takes a maximum of 4 weeks. So far I have always received my data copy in 1-2 weeks. The application for the free Schufa information is somewhat hidden. Stay on the website of mySchufa.de Look out for the data copy according to Article 15 GDPR in the footer of the website:

### 3. Paid online query at the Schufa directly

If you want to view your Schufa entries online immediately, you can also request your data from the Schufa online. A monthly fee of €3.95 is due for this. With the online Schufa subscription, it is easy to correct incorrect entries in the Schufa information. While you have to write a letter to copy the data, you can do everything conveniently online here. you can over this link* Query your Schufa online immediately after a short registration.

## Can negative Schufa entries be deleted?

Yes, you can have negative Schufa entries deleted. To do this, you must first pay the outstanding invoices that justify the negative entry. If the claim is already statute-barred, you must declare the statute of limitations to the creditor instead. The statute of limitations for open invoices in Germany is 3 full calendar years, beginning on December 31st. of the first year. However, if there is a warning notice, the limitation period is extended to 30 years.

If you want to have a negative Schufa entry deleted, the claim must no longer exist. Because the Schufa only deletes entries that pointless became. If there are inquiries from the Schufa when deleting the entries, it makes sense to keep the payment receipts.

### Request the deletion of incorrect data directly from the bank or company

If you want to have an incorrect negative Schufa entry deleted, you must contact the company that reported the data to Schufa directly. You can do this via a letter, or via the reporting tool in the free Bonify self-assessment*.

However, if your personal data such as name or address is incorrect, you can contact the Schufa directly.

## Conclusion: What does a negative Schufa look like?

Hopefully you now have a better picture of what a negative Schufa report looks like. The quickest way to recognize a negative Schufa is to look at the rating levels N, O and P. The other rating levels A to M, on the other hand, mean that there is no longer a negative Schufa entry. The Schufa score, on the other hand, is not a good indicator of a negative Schufa, because information with open negative features can also have a high Schufa score. Since the Schufa only lowers the credit rating with negative characteristics after the Schufa score has been calculated, the rating level is a better indicator for determining the risk of lending.

If you have a negative Schufa entry, you should definitely try to eliminate it using the instructions above. There are some providers who Loans despite negative credit bureau awarded, but the fees are higher.

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Disclaimer: This is well researched but non-binding information.