Credit agency Crif: Schufa rival threatens trouble with data protection officers – economy

The plain building of “Crif GmbH” is located in the north of Munich, directly on the federal highway. From the outside, no one would suspect that there was a company here that could use its data to influence people’s lives. Crif is the second most important credit agency in Germany after Schufa and therefore plays an important role in the question: Who gets a loan and who doesn’t? If a customer doesn’t pay their bills, companies report this to the credit agency. Such negative data is then seen as a warning to other companies: Be careful, Mr. Smith doesn’t pay his bill. This is important for the economy and therefore allowed.

source site