Abridged English version of the SCHUFA Credit Compass 2008

Debt Compass | A | Basic Analysis A-1 | 1
The trend of first-time negative reports is dependent on the sector
Chart 1.4, divided according to sector, shows which sector the first report of a payment default
comes from. A first report will only be recorded once per individual, in either the telecommunications,
banking or retail sector. It includes all first-time negative reports from companies affiliated
with SCHUFA between 2005 and 2007. These affiliated companies passed on information on payment
defaults (negative indicators) to SCHUFA, if sufficient reminder was given for a payable
claim and it was not contested by the customer.
It can be seen that in the young age group first negative reports come predominantly from the
telecommunications sector. After that, first reports come increasingly from banks. The distribution
of first reports consequently varies among the sectors. Whereas the first negative reports
in banking rose up until to the middle age groups and then fell back after that, the values for
the telecommunications sector went down from their peak among 20-to-24 year olds and then
steadied in the later age groups. First negative reports in the retail sector shift at a relatively low
level in comparison with the other sectors.
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