SCHUFA has developed a new score based on twelve criteria. One of them is called Instalment loans taken out in the last twelve months. You can find out how this criterion will affect your creditworthiness in future here.

• Subject of the criterion: Installment loans taken out in the past twelve months
• Points in the score: 0 to 66 points
• Minimum score awarded: At least three installment loans taken out
• Maximum points awarded: No installment loan taken out

Installment loans include consumer loans (e.g. for furniture, cars or electronics) that have to be repaid in several monthly installments. They represent an additional financial burden. This means that there is less leeway for further expenditure afterwards. It is particularly significant if there are several credit obligations within a short period of time. This initially worsens the score. Real estate loans are a special type of loan and are therefore not included in this criterion.

The fewer installment loans you take out in the current calendar year, the better for your score. If you do not have an installment loan, you will receive the maximum number of points in this criterion with 66 points. You will receive 48 points for one installment loan and 32 points for two installment loans. You will receive zero points for three or more installment loans.

Back to all