Improving creditworthiness If you want to apply for a loan or a mortgage, you usually have to undergo a comprehensive credit check. In some cases, this can cause problems and hinder the implementation of your financial wishes. Fortunately, there are a number of things you can do to improve your credit rating.
Check the existing data carefully
An important part of almost every credit check is the personal Schufa information. It lists all existing and sometimes past liabilities. If it comes to defaults, unpaid bills or a loan accumulation, then this is evident in the Schufa and worsens your chances of getting a loan. Therefore, it is best to get self-assessment as a first step and check that your data is correct. If this is not the case, then take care of the fastest possible correction. You can read more about creditworthiness at www.inkassoportal.de so that you can get well prepared for the application phase.
To improve your credit rating by the right application
Normally, a loan application is also noted in the Schufa. If rejected, then this is often interpreted negatively in future applications and is also unfavorable for personal credit scoring (a quotient used to calculate the likelihood of easy loan repayment). Of course it makes sense to ask for different offers and to compare the conditions exactly. Make sure, however, that your application is recorded as a request for credit terms. It is also important that you really indicate all the sources of income that are available to you when you apply. For example, do not forget care or investment income.
Make the most of your situation
Not all factors that affect your creditworthiness can be influenced in the short term. However, there are a number of things you can do to improve your credit rating significantly. Inform yourself best about your current Schufa history and pay attention in the long term to flawless payment processes, then it works well with the loan application.