What's a credit score ?

A credit score is a number that depicts a consumer's creditworthiness.
The higher the score, the better a borrower looks to potential lenders.

A credit score is based on credit history: number of open accounts, total levels of debt, and repayment history, and other factors.

Lenders use credit scores to evaluate the probability that an individual will repay loans in a timely manner.

There are different institutions in Germany that evaluate your credit score, e.g. Schufa or Crif Bürgel. Click here to read the article about Schufa.

If you want an estimation of your score, click the button and register to start.