2010 (PDF, 1.1 MB) - Schufa

On this basis, a credit-limit recommendation is also possible,
which indicates objectively the maximum amount of goods and/
or services loan that can be granted,
The multi-stage professional address determination of
private individuals
Banks, savings banks, insurance companies, telecommunication
companies, retailers and e-commerce companies provide creditrelated
data under contract to SCHUFA. Without SCHUFA, which
provides relevant information in seconds, partners would face
additional processing costs. This becomes even more important,
the more mobile the society and customer groups become.
Almost every company is familiar with this problem: customers
move home, address records become outdated. There is a need
for efficient update options. SCHUFA has therefore introduced
two innovative products this reporting year, AdressAktualiserung
Plus and AdressAktualisierung Plus EMA, which prevent post
from being returned when customers move house or address
details are outdated.
Advantages we offer 7
‘Consumers are increasingly turning to consumer product financing.
More than one third of consumer households use loans for private consumer
purchases, from cars to mobile phones. According to a survey
by GfK Financial Market Research, which the German Credit Bank Association
commissions on an annual basis, consumers financed more retail
goods in particular in 2010. Nearly one in ten consumers completed an
instalment loan for these purchases. This represents an increase of two
percentage points compared to the previous year. Loans were taken out
primarily for consumer electronics, IT, furniture and kitchens. The willingness
to pay by credit at the point of sale continues to increase. Nearly 40
per cent of households intending to buy a kitchen or furniture in the
next two years would also finance this purchase. The German Credit Bank
Association is therefore optimistic that private borrowing will increase.’
Peter Wacket, Managing Director of the Bankenfachverband e. V.
With AdressAktualisierung Plus and AdressAktualisierung
Plus EMA, addresses are compared in a multi-stage process
with the current SCHUFA databases and, if necessary, with
the Deutsche Post’s (German postal service) databases, and
then validated using a delivery check. As soon as the vali-
dation process and delivery check have been completed successfully,
each address is then delivered immediately to the
partners concerned.
The advantages of reports
Using SCHUFA’s products, customer managers are able to
take advantage of special decision-making tools when carrying
out creditworthiness checks and granting loans to new and
existing clients.
Speed and high data quality are particularly important when
making initial business contacts with new customers. Since
requesting and checking individual records is time-consuming
both for customers and partners, integrating SCHUFA information
is in the interest of consumers and lending companies.