Showing 1 to 5 of 5 results
Germany strengthens consumer protection for short-term loans
Germany's cabinet approved a law mandating creditworthiness checks for all consumer loans, including "Buy Now, Pay Later" (BNPL) options under €200, to combat rising debt from small loans and comply with the new EU consumer credit directive, effective November 2025.
Germany strengthens consumer protection for short-term loans
Germany's cabinet approved a law mandating creditworthiness checks for all consumer loans, including "Buy Now, Pay Later" (BNPL) options under €200, to combat rising debt from small loans and comply with the new EU consumer credit directive, effective November 2025.
Progress
16% Bias Score
Germany Shortens Schufa Negative Entry Deletion Time
Starting January 1st, 2025, Germany's Schufa credit agency will delete single overdue payment records after 18 months (instead of 36), if paid within 100 days of notification; impacting approximately 120,000 people.
Germany Shortens Schufa Negative Entry Deletion Time
Starting January 1st, 2025, Germany's Schufa credit agency will delete single overdue payment records after 18 months (instead of 36), if paid within 100 days of notification; impacting approximately 120,000 people.
Progress
44% Bias Score
Schufa's New 100-Day Rule Improves Credit Scores for 120,000 Germans
Germany's Schufa credit agency implemented a new 100-day rule, enabling consumers to improve their credit score faster by quickly repaying overdue payments; approximately 120,000 consumers are expected to benefit.
Schufa's New 100-Day Rule Improves Credit Scores for 120,000 Germans
Germany's Schufa credit agency implemented a new 100-day rule, enabling consumers to improve their credit score faster by quickly repaying overdue payments; approximately 120,000 consumers are expected to benefit.
Progress
44% Bias Score
Schufa Increases Credit Score Transparency in Germany
Germany's Schufa credit agency will launch a new, transparent credit scoring system in Q4 2024, offering free access to individual scores and their components, replacing over 50 existing scores with a single score based on 12 criteria to improve transparency and fairness.
Schufa Increases Credit Score Transparency in Germany
Germany's Schufa credit agency will launch a new, transparent credit scoring system in Q4 2024, offering free access to individual scores and their components, replacing over 50 existing scores with a single score based on 12 criteria to improve transparency and fairness.
Progress
40% Bias Score
Germany Shortens Schufa Negative Entry Storage Time
Starting January 1st, 2025, Germany's Schufa credit agency will reduce the storage time for single overdue payments from 36 to 18 months if the debt is paid within 100 days of a reminder, potentially benefiting approximately 120,000 consumers initially.
Germany Shortens Schufa Negative Entry Storage Time
Starting January 1st, 2025, Germany's Schufa credit agency will reduce the storage time for single overdue payments from 36 to 18 months if the debt is paid within 100 days of a reminder, potentially benefiting approximately 120,000 consumers initially.
Progress
40% Bias Score
Showing 1 to 5 of 5 results