Credit Scoring
In mid-July,
investigations by NDR and the SZ
revealed that the credit information agency SCHUFA stores millions of data records that should have been deleted long ago. It has since become clear that SCHUFA also uses this data for its customers’ ‘testing purposes’. Potentially, all 69 million people on whom SCHUFA holds data are affected. And SCHUFA continues to stonewall: Even in response to access requests under Article 15 GDPR, the company refuses to disclose this historical data. Given the obvious GDPR violations,
noyb
has now issued a formal warning to the credit information agency and announced an injunction. Data subjects whose historical data has been withheld by SCHUFA can also register their interest in a future class action for damages.
Please keep me updated!
Investigations by NDR and the SZ: “
Schufa’s ‘shadow database’
”
SCHUFA’s response: “
The truth about the alleged ‘shadow database’
”
Response from SCHUFA’s lawyer
Tim Wybitul on LinkedIn
Petition by Algorithm Watch: “
Schufa scandal: Delete the shadow database immediately!
”
SCHUFA and its transparency promise.
In Germany, there is virtually no way around SCHUFA. Anyone who wants a loan, a mobile phone contract or a rental apartment must hope that the powerful credit information agency confirms that they have a sufficient credit rating. However, the way in which SCHUFA arrives at its credit scores has always been a black box – and, as a result, has regularly been the subject of criticism and legal proceedings, right up to the European Court of Justice. Recently, SCHUFA launched a ‘transparency campaign’ and has since been celebrating itself for having created
‘complete transparency’
.
A basement full of ‘deleted’ data.
According to the
SCHUFA privacy policy
, the retention period for data used to calculate the credit score is also to be determined by
self-imposed codes of conduct
. Debt collection claims or data on settled loans, for example, would be delet
… [more]
