The SCHUFA getting thing AG (in former times SCHUFA registered association - protective association for general credit safety device) is an private-economically organized inquiry agency, which is carried by the credit-giving economy. Seat of the SCHUFA getting thing AG is Wiesbaden. There are eight regional SCHUFA societies. Business purpose of the SCHUFA is it to protect their contracting parties against credit losses; according to opinion of the SCHUFA it contributes besides to the protection of the consumers from insolvency. The SCHUFA is in the possession of 362 million single data of 62 million natural persons. 701 coworkers are busy with the SCHUFA (conditions: At the end of of 2004). The SCHUFA works on annually more than 70 million inquiries to the credit-worthiness. Of it are 1 million self information of citizens, who want to see their document. The SCHUFA seized with 62 million humans of approx. three quarters of all Germans. 2004 gained it a conversion of 70 million euro and a profit of 870.000 euro trade paper, 10. May 2006 P. 16.

Shareholder at the SCHUFA getting thing AG

• 33.7% special credit institutes
• 25.1% savings banks
• 20.0% private banks
• 6.5% loan banks
• 14.7% trade and other one

Source: Business report 2003

Participation of the SCHUFA getting thing AG

• Insiders GmbH (software house in Mainz) 89.4%
• Invest Solutions GmbH 24.8%
• KSV credit protection combination (operational business to 31 December 2002 adjusted - before it 90% participation)

Development of the SCHUFA

Dr. Walter Meyer, attorney with the current offerer BEWAG in Berlin, his brother, the attorney Dr. Kurt Meyer and Dr. Robert Kauffmann create 1927 the protective association for paragraph financing in Berlin.In of the consequence develop for 13 further regional SCHUFA societies in completely Germany. 1952 are created the FEDERATION SCHUFA registered association by the 13 regional companies again-purchased after the Second World War in West Germany.

Into the 1970ern the Schufa card index is changed over to EDP and falls under 1977 the decided Federal Law for Data Protection. On initiative citizen of Berlin of the consumer protection association issues the Federal High Court 1985 the "“SCHUFA judgement"”, according to which the customers must explain themselves in agreement with the transmission of their data to the SCHUFA (SCHUFA clause).

In the year 2000 the federation Schufa registered association converted into the SCHUFA HOLDING AG, and 2002 is transferred the portions of the eight regional companies to the SCHUFA GETTING THING AG.

Stored data

The SCHUFA determines not even data. Contracting parties of the SCHUFA must supply data over their customers to the Schufa. For this a consent of the customer is necessary. The data partly originate also from public sources (debtor listings of the district courts).

If a consent is present, the SCHUFA apart from name, stores date of birth, present and earlier addresses data over admission and stipulated completion of business relations (positive characteristics) and data over non-contractual behavior and judicial vollstreckungsmassnahmen (negative characteristics from the business relation). Data from public sources (how. e.g. District courts) can be used without consent of the customer.

Positive characteristics:

• Account requests and data over current accounts
• Spent credit cards
• Credit requests and data over credits
• Leasing business
• Endorsements

Negative characteristics:

• Reminded one, but unpaid and not denied demands
• Late-payment notices
• Vollstreckungsmassnahmen
• Delivery of the insurance in lieu of an oath (from debtor listing)
• Requesting/opening of the consumer insolvency procedure
• Cheque card abuse
• Cheque return for lack of covering
• Notice of the current account because of abusive use
• Notice of consumer loans because of delay of payment with at least two rates

The height of the income is not stored.

Business partner of the SCHUFA, dissemination of data, self-information and Scoring

The business partners of the Schufa are divided into three categories:

• A-contracting parties (credit card enterprises, credit institutes and leasing companies), receive positive and negative characteristics.
• B-contracting party (non-banks: Which grant achievements and supplies against credit) negative characteristics receive trade, Versandhandel, E-Commerce, telecommunications and other enterprises. The SCHUFA furnishes beyond that for other enterprises, in particular insurance, which can prove a justified interest, services for the risk price increase and customer service.
• F-contracting parties (collection enterprises) receive address data (according to Pressestelle of the Schufa however only of humans, who had consented with a conclusion of a contract also to the Schufa clause, thus as also in all other cases).

The Internet auction house eBay uses the Schufa information since March 2003 for example for identification during the re-opening of Ebay accounts. The Reemtsma Zigarettenfabrik, as well as different auction houses and Freemail offerer use a age verification system of the Schufa.

Since 1 November 2005 SCHUFA offers additionally a age verification system, which was approved and recognized of the KJM. Thus is void for the purchase of products, which may be sold only to of age ones, (for example high-per cent alcohol or DVDs) the complex PostIdent procedure. The feed of these products effected always personally to as grown-up identified one personally. Thus it be prevent, that under age article set, which for they not permit be.

According to business report (2002) about 2,000 contracting parties from the range receive banks A-data (positive and negative characteristics). Market cover is received to B-data (negative characteristics) here close 100% with private banks and between 85 and 90% with savings banks and loan bank approx. 2,500 contracting parties from the range non-banks. Receivers are accordingly also external contractors "§ 11 BDSG as well as external and internal SCHUFA places.

According to Federal Law for Data Protection each person has the right to an information over with the SCHUFA data stored over it and whereupon to let incorrect data correct. The SCHUFA gives information free of charge, however only verbally. The self-information costs at present 7.60 euro.

If incorrect data should be noticeable to the requesting person, then them can turn to the consumer service center in Hanover.

The Schufa offers also a Score value to its contracting parties. That is a value from 1 to 1,000, which is assigned to the respective consumer and that indicates probability of a credit loss. The lower the value, the more largely the probability of failure. Score value among other things the number of changes of residence and the number of bank accounts enter. Since the Score value changes relatively frequently and is not stored, it is not received in the regular self-information. The determination of a current Scores can be requested however with the self-information.

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