4 ms·
Schufa scores are definitely a thing in Germany; I mean, same thing different name..
by cyberpunk 6y ago
Schufa scores are definitely a thing in Germany; I mean, same thing different name..
- avh02 6y agohaven't been to the US, but you can get a clean schufa if you just move to the country. I've _heard_ that in the US you'd need to get and pay off debt in order to have a good standing, a lack of any record is considered suspicious.
- SilasX 6y agoThat is absolutely true. I was treated as subprime despite having no debts and a high credit score (on annualcreditreport.com) merely because I had never taken on debt. I would get rejected even for $500 department store credit cards! It’s ridiculous.
- ruph123 6y agoIts not. Schufa collects negative entries. If you did not pay back loans in time you will have a bad Schufa. To the contrary in the US you have to have “good credit” meaning you have to have participated in the “credit system” and behaved well. If you don’t have any record: Great for Schufa, bad in the US.
- cyberpunk 6y agoOh I thought no debt history would equal clean credit. That’s bananas, surely it’s safer to lend to someone who has never been in debt? I don’t get the logic..
- deleted 6y ago[deleted]
- SturgeonsLaw 6y agoDepending on the lender, they might actually be after people who are always in debt, and who pay their credit cards bills each month but never entirely pay them off.
- elyobo 6y agoNo, it's safer to lend to someone who has handled credit well (i.e. by paying it back) than someone who has no track record. There's a catch-22 if rules are so strict so that you can't get credit because you haven't had credit before, but in general "positive" credit reporting seems pretty beneficial.