What is a good credit score | What County

What is a good credit score

The basic score of Schufa shows the creditworthiness of individual consumers on a scale of 0 to 100%. The higher the value, the higher the probability that there will be no payment defaults. This value is recalculated every 3 months.

What is a good credit score
What is a good credit score
good credit score
good credit score

A very good value is above 97.5%. 100% is not possible due to the probability of death of each person.
Basically, the higher your SCHUFA score is rated, the better your credit rating is. However, it is not possible to say what exact value you need, for example, to be able to conclude a mobile phone contract with a certain provider. Each company decides for itself which criteria must be met in order for a contract to be concluded. However, a good credit rating increases your chances of a contract being concluded in any case. And the higher your SCHUFA score, the better the terms of your contract can be: a good financial situation has a positive influence on the interest rates that are offered to you, for example, for an installment loan.

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