SCHUFA G-Score for the activation of increased deposit limits

With the ‘insic Update’ series of articles, we give you a complete overview of the software required to implement the compliance requirements of German and European regulation.

You can find all articles in this series on our multilingual overview page.

SCHUFA G-Score for the activation of an increased deposit limit in the background, confirmed by reliable third parties

The SCHUFA G-Score allows for an increase in the monthly deposit limit, in accordance with GlüStV from €1,000 to €10,000.

The user chooses the SCHUFA G-Score procedure, personal data (first name, surname, address and birth data)is transferred, and a numeric score as a result is received in return. The score is determined based on debtor directories, insolvency notices, and payment information from banks, insurance companies and other trusted third parties.

If the SCHUFA score exceeds a value defined by you, the payment limit is increased in real time. However, if there are negative entries (rating levels N, O, P), the request will be denied.

The service ensures that data subjects rights are protected in compliance with GDPR and remains score-neutral for the user, meaning that inquiries have no impact on the score. The processing of positive data from private individuals within the SCHUFA G Score system complies with data protection regulations as approved by federal and state data protection supervisory authorities.

Transactions are processed via your individual SCHUFA contract.

Your advantage:

• Fully automated background credit assessment
• Reliable and comprehensive database
• Customisable assessment limits
• Real-time assessment result
• Procedure approved by supervisory authorities
• Monitoring of score value changes

By providing proof of financial standing using SCHUFA G-Score and alternative methods, you can unlock significant sales potential while remaining compliant with regulations.

Take advantage of a fully automated credit check based on the unique SCHUFA database, and enable immediate deposit limit increases!