July 16, 2024

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Schufa Holding AG

Schufa Holding AG (English: Protection company for general creditworthiness) is a German private credit bureau supported by creditors. It has its headquarters in Wiesbaden, the capital of Hesse, Germany. Schufa’s purpose is to protect its clients from credit risks. It also offers protection from insolvency to borrowers. Schufa has 479 million records on 66.2 million natural persons, amounting to about three-quarters of the German population. Schufa processes more than 102.9 million credit checks each year. Of those, 1.5 million are self-checks by citizens. Schufa employs 752 people (as of 2010). In 2009 it took in 1.9 million Euros (about $2.5 million USD) in revenue from ordinary activities and a total of nearly 108 million Euros (about $150 million USD). Former finance senator Michael Freytag has been board chairman of Schufa Holding AG since 1 November 2010. The chairman of the supervisory board is Alexander Boldyreff.

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