Initiative wants credit bureau algorithm to crack with data donation

Are the factors of Credit bureau scores soon public? Credit bureau considers its credit rating algorithm as a business secret. This annoys data and consumer advocates as well as many borrowers. However, the BGH gave the Credit bureau right. Now the tide could turn: an initiative calls consumers to donate …

Higher Credit Conditions Due to US Real Estate Crisis – High Interest Rates.

 Entrepreneurs and consumers in Germany will no longer be able to access loans as easily as Loaniefund estimates. As a result of the US real estate crisis, the banks should assess the risks more stringent, so the credit agency. The size of the loans would be lower, the conditions would …

Delete credit bureau prematurely: For small claims possible!

Negative entries in the credit bureau can be deleted prematurely, even if they are correct and self-inflicted. credit bureau allows consumers to quickly cleanse and thus preserve their creditworthiness for low and short-term payment defaults. Germany’s largest credit bureau lists four conditions that must be satisfied for early deletion of …