Rent deposit insurance without Schufa

The rent deposit is a security for the landlord, so that in certain cases there is a security, if it is needed. This can bspw. be a missed rent payment, or even utility bills after moving out of the property. The reasons to get a rent deposit without Schufa query can be many, these are not always related to the fact that the liquidity or creditworthiness is not given.

Where can I get a rental deposit guarantee even with negative credit rating?

A rent deposit insurance can be taken out by all creditworthiness classes (including the unemployed and Hartz4 recipients) and even without Schufa query or. Entry to be completed. However, very few providers offer this and even if a Schufa query is omitted, the creditworthiness is determined via alternative providers such as Infoscore or Creditreform.

Here you can directly request offers for deposit guarantees or. Rent deposit insurance despite Schufa calculate. Please look for the note: "Credit check: without Schufa" in the results.

The term rent deposit insurance is somewhat misleading and does not refer to an insurance option for tenants, but rather a rent deposit guarantee. Since a guarantee can lead at any time under certain conditions – in the case of the rent deposit guarantee with a injury of the obligations taken over in the lease – to a payment obligation of the guarantor ("insurer") and thus the contingent liability into a real liability change, a rent guarantee is treated like a credit – in this case a rent deposit credit or installment credit. More about rent deposit without or despite Schufa you can find here.

Compare rental deposit insurance

Thus, ultimately other selection criteria are relevant for a rent deposit insurance, to compare them with each other is possible individually for each deposit amount. For this you can use the handy comparison calculator for rent deposit insurance:

Which providers use which credit check?

Meanwhile, every provider in the field of rental deposit guarantees uses a credit check, so it may be that you have a negative Schufa entry but bspw. receives a positive response from Infoscore or Creditrefom. In such cases, it is relevant what types of deposit guarantee you can use:

No Schufa information – credit check via Infoscore

With the following providers, a credit check is not done via Schufa, here the company Infoscore is used:

• Kautel
• Deposit free
• Kautionsfuchs
• Basler insurance

Guarantees with Schufa information

Whereas the following providers resort to the services of Schufa to determine the creditworthiness and thus the approval of the deposit guarantee:

Thus, guarantees such as bspw are often. Moneyfix without Schufa or despite Schufa entry searched – but if you want to avoid the Schufa query, this is more suitable Kautel, Kautionsfrei or Kautionsfuchs with the Infoscore query.

Also for guarantees applies: Not without Schufa

It follows that all financial institutions based in Germany, which without exception are members of the "Schutzvereinigung fur allgemeine Kreditsicherung", the SCHUFA Holding AG, known as Schufa for short, also involve Schufa in the case of a rental guarantee. They obtain information from Schufa before issuing the rental deposit guarantee and pass on the contract data to Schufa after the guarantee has been issued. Although the applicant must agree to this procedure, the same applies as with a loan: without the applicant's consent, an award by a German financial institution is not possible.

But while the interested party can avoid the Schufa by involving credit intermediaries and apply there for a loan without Schufa, the reputable intermediaries do not offer a rent deposit guarantee or rent deposit insurance without Schufa.

Possible reasons

There are two possible explanations for this: First, for financial intermediaries, the business with credit-free rental deposit guarantees is probably not very lucrative, because unlike consumer loans, the costs of such a product are always independent of creditworthiness and thus very transparent. Guarantee fees significantly above five to a maximum of seven percent are unlikely to be enforceable and thus significantly limit the attractiveness of arranging a rental deposit guarantee.

On the other hand, a rental deposit guarantee issued by a Swiss bank could also cause an unwanted reaction from the landlord. While a rental deposit guarantee is basically also proof of creditworthiness for the landlord, since hard negative features in the Schufa can be ruled out, a creditworthiness-free guarantee that can be assumed from the name of the issuer could have exactly the opposite effect: The landlord would get an indication of the weak creditworthiness of his future tenant.

Obtain own Schufa information

In addition to the possibility once a year to query his data free of charge at Schufa (DSGVO query), there is also a service that Schufa makes available for tenants and landlords. For landlords, this is another indication of a tenant, if there is a positive Schufa information, at the same time, the tenant can use this to get a plus point with the landlord – when it comes to rent the property and there are several interested parties for it. Basically, it is relevant and interesting for everyone why inquiries are rejected due to a lack of creditworthiness, so that a Schufa report about oneself provides exactly this information and also offers a possibility for intervention and improvement. For example. contracts that are no longer used can be terminated, or loans that have already been repaid can be counted as a benefit.

You can directly view your Schufa information online for a service fee and print it out for the landlord. As a rule, a query costs about 30 €, landlords can make a Schufa query for landlords in the DKB landlord package cheaper.