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Credit Check Authorization Form for Germany

Credit Check Authorization Form Template for Germany

A German-law governed Credit Check Authorization Form is a legally binding document that enables organizations to obtain consent from individuals for accessing and reviewing their credit information through SCHUFA and other credit reporting agencies. The document complies with German data protection laws, including GDPR and BDSG, and contains specific provisions required under German banking regulations. It includes detailed sections on data processing consent, scope of authorization, and clear explanations of the individual's rights regarding their personal data handling and credit information access.

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What is a Credit Check Authorization Form?

The Credit Check Authorization Form is a crucial document used in various business contexts in Germany where assessment of creditworthiness is required. This document enables businesses to obtain necessary consent from individuals or entities for accessing their credit information through SCHUFA (German Credit Bureau) and other credit reporting agencies. The form must comply with strict German data protection regulations, including GDPR and the Federal Data Protection Act (BDSG), while meeting specific requirements under German banking laws. It's commonly used in lending decisions, rental applications, service contracts, and other situations requiring credit assessment. The document typically includes comprehensive information about data processing, storage, and sharing practices, along with clear statements about the individual's rights and consent withdrawal options.

What sections should be included in a Credit Check Authorization Form?

1. Personal Information Section: Collection of authorized person's details including full name, address, date of birth, and other identifying information required for credit check

2. Authorization Declaration: Clear statement of consent for credit check and data processing, including specific mention of SCHUFA and other credit agencies

3. Scope of Authorization: Detailed description of what information will be checked, collected, and processed

4. Data Protection Notice: GDPR-compliant explanation of how personal data will be processed, stored, and protected

5. Duration and Withdrawal Rights: Information about how long the authorization remains valid and how to withdraw consent

6. Signature Block: Space for date, signature, and confirmation of understanding

What sections are optional to include in a Credit Check Authorization Form?

1. Additional Authorized Parties: Section for including additional authorized parties (e.g., spouse or business partner) when relevant

2. Special Purpose Declaration: Additional section when the credit check is for specific purposes (e.g., rental agreement, employment)

3. Corporate Information: Section for business details when the authorization is for a business entity rather than an individual

4. Foreign Residency Information: Additional information required for non-German residents or citizens

What schedules should be included in a Credit Check Authorization Form?

1. Privacy Policy: Detailed privacy policy explaining data handling practices and rights under GDPR

2. Information Sheet on Credit Scoring: Educational material explaining credit scoring process and implications

3. List of Credit Agencies: Complete list of credit agencies and institutions that may be contacted for information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Germany

Publisher

Ƶ

Document Type

Authorization Form

Cost

Free to use
Relevant legal definitions

























Clauses




















Relevant Industries

Banking

Financial Services

Real Estate

Insurance

Telecommunications

Retail

Automotive Finance

Business Services

Consumer Credit

Property Management

Relevant Teams

Legal

Compliance

Risk Management

Customer Service

Sales

Operations

Credit Analysis

Data Protection

Account Management

Financial Services

Relevant Roles

Credit Risk Manager

Compliance Officer

Legal Counsel

Data Protection Officer

Credit Analyst

Customer Service Representative

Account Manager

Lending Officer

Property Manager

Sales Manager

Financial Advisor

Contracts Administrator

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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