The Protection Association for General Loan Protection sees itself as a collection point for data that is passed on to you by its contractual partners. Banks, mail order, department stores, telecommunications companies and car dealerships are among them. You have the option of receiving so-called A information as well as B information about a consumer. While the B information only contains information about the contractual compliance of a customer, the A information provides information about all debits and entries at local courts. cashing-now.net has more notes
Your right: free information from Credit bureau
In addition, according to the Federal Data Protection Act, consumers can apply for Credit bureau information free of charge once a year. Every citizen should make use of this, because the data stored at Credit bureau is not always correct or complete. If you don’t get a loan, you should ask, because Credit bureau entries have a greater impact on different areas of everyday life than you think. For example, if a consumer wants to conclude a cell phone contract or open a current account, Credit bureau inquiries from the respective contract partner play a special role.
If you want to apply for Credit bureau information free of charge, you can do this at one of the branches. Orally and free of charge, everyone receives information about the data stored by them there. If you have no possibility of personal contact, you can request your Credit bureau information free of charge and in writing from the Consumer Service Center in Hanover under PO Box 5640. Name, address and date of birth must be given and information will be given in writing within a few days.
You should defend yourself against incorrect entries
If you want to use Credit bureau information free of charge, you should take a close look. If incorrect entries are found, the citizen has the right to have them checked, corrected or even deleted. In this case, the consumer service center in Hanover is also the contact person or a regionally responsible office whose addresses can be queried. Based on this information, the consumer also learns details about his scoring value.
This is based on a mathematical-statistical process and expresses the financial forecast of the respective consumer in the form of a numerical value. The lower the value, the worse the financial forecast with regard to creditworthiness. This mathematical point principle, which is based on a number system between 1 and 1000, is often questioned because it is not the individual creditworthiness that plays a special role, but rather the comparison to a group of people with similar data.