Are you searching for apartment for rent and suddenly the landlord is asking you for SCHUFA? But you have literally no idea how to do it or even what it is? Don’t worry! I can help you here! So, let’s find out what SCHUFA is!
SCHUFA is abbreviation for “Schutzgemeinschaft für allgemeine Kreditsicherung” or to put it in English “General Credit Protection Agency”. The company basically holds credit scores for more than 67 million people as well as 5 million companies. “But what do I have to do with some General Credit Protection Agency” you might ask. Well, the thing is, that in Germany some landlords want to know if they can trust you and if you will be able to pay the rent on time or if you had some financial issues before. In order to do that, they will ask you for either proof of income or SCHUFA. Or both in some cases. And here is exactly when it comes to SCHUFA! They will provide you with your credit score report, which you will be able to give to your landlord. The report price is 29,95 Euros.Continue reading