I would like to buy a laptop with an installment contract. My current Schufa score is not good. Is it possible to use this score to finance the purchase of a laptop?
I think it could work. 86% is not that bad. However, the prerequisite is presumably that you have a regular income and can provide proof of this. Just try.
But you know that small amounts of financing, such as 0% financing, further reduce your Schufascore?
I don't think so unless you pay for it
They are entered either way.
And in addition, if not paid (then the score is correct)
If the provider does not use Schufa (which is improbable, but e.g. Otto does not use Schufa for financing), then it does
No, even if you pay for it.
That would be pretty stupid if it were so everyone would have a low Schufa score… I don't think that if you pay the installments, the score drops. It's not illegal, almost all stores ask for it, even Apple
86% is not good, don't think that will work.
This falls into the category:
"80 - 90 Significantly increased to high risk"
However, an entry does not necessarily lead to a reduction in the score, does it? It is also registered when I move. Is the score also being lowered due to a move?
I never said the score would go down because of that.
It is entered.
And if there's a particularly large number of small loans, it could look as if you have money problems and the score drops.
Moreover. Just because many offer it. Doesn't that mean your credit remains good.
They make money when you buy something with money that you don't already own. That being said, you just bought something that you might not otherwise have been able to afford.
86% is not even mediocre with the Schufa Score:
80 - 90 Significantly increased to high risk
Corresponds to something grade 4.
This may be. But a 4 is sufficient. It depends on the other circumstances, e.g. How high the income is. In school you also pass with a 4!
The bank is not that strict when it comes to buying electrical equipment.
With these types of financing (0% through dealers) the income is not checked at all. The creditworthiness (score) is first queried, and if the score is so low, it is rejected directly.
Why "everyone"? People who buy consumer goods with micro financing are in the absolute minority.
Someone with no income but no other problems (no debt, etc.) has a very good score. But he still doesn't get a loan.
Conversely, someone with a sufficient income but with a not so good score usually gets funding.
The income-is-not-yet-approved!
If you apply for a darkehen at the house bank, it can work differently, but with the usual "quick financing", of which we're talking here, is already rejected after the credit check without considering the income.
(Of course, someone without an income does not get a loan because they can't repay it).
No, it's not that simple. How exactly the score is calculated is still a well kept secret.
I myself have had several such loans without any noticeable impact on the score.
That's not true
Do you have a source that can confirm your statement?
Yes you see
