The article discusses whether Schufa may retain old credit data for its models. Privacy groups want the data erased, Schufa resists, and the conflict may end up in litigation.
Schufa, a major German credit rating agency, regularly evaluates the creditworthiness of millions of consumers. The company has introduced a new current credit score aimed at providing greater transparency. However, questions have been raised about why the company needs to store and use historical financial data from consumers for its credit assessment processes.