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Why we started OpenSCHUFA, why you should care about credit scoring & how you can help.

Germany’s leading credit bureau, SCHUFA, has immense power over people’s lives. A low SCHUFA score means landlords will refuse to rent you an apartment, banks will reject your credit card application and network providers will say ‘no’ to a new Internet contract. But what if your SCHUFA score is low because there are mistakes in your credit history? Or if the score is calculated by a mathematical model that is biased?

The big problem is, we simply don’t know how accurate SCHUFA’s data is and how it computes its scores. No one does, not even the German government. OpenSCHUFA wants to change this by analyzing thousands of credit records.