By Sylvia Haden and Yana Rudenko Anyone who has completed private insolvency proceedings can now get a fresh start more quickly: Schufa has shortened the storage period for a discharge of residual debt from three years to six months. This was announced by the credit agency on its website. https://www.schufa.de/ueber-uns/presse/pressemitteilungen/schufa-loescht-restschuldbefreiung-sechs-monaten/ This means that six months after the end of the procedure, no one will know that someone was once overindebted and still had outstanding debts. Schufa is thus reacting to ongoing court cases, including those before the European Court of Justice. More about the update: https://www.schufa.de/themenportal/restschuldbefreiung-5-fakten-loeschfrist/ Although almost everyone has… Read More
Finances: What Schufa collects data for
