You need a high Schufa score to demonstrate that you are creditworthy, have a solid credit history, and can easily make loan payments and rent payments on time.
Know Schufa
It is known as the credit rating agency of the country. It stands for Schutzgemeinschaft für allgemeine Kreditsicherung. It is an acronym for "general credit protection agency." It provides the nation's citizens with a credit score known as the Schufa score. Private company SCHUFA Holding AG, which monitors and maintains credit records for citizens, carries out this task. You can find a flat and/or qualify for a loan in