Schufa Credit Scoring in Germany Reported for Unreliable and Imbalanced Scores

November 28, 2018

A recent report has highlighted potential biases in the Schufa credit scoring system in Germany, suggesting older and female consumers as well as those who change addresses less frequently may have been unfairly privileged. The reliability of the scores is also reportedly dependent on the scoring version used.

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Matched TAIM controls

Suggested mapping from embedding similarity (not a formal assessment). Browse all TAIM controls

MEASURE 2.6 — similarity 0.691, rank 1. TAIM detail and related incidents →
MEASURE 1.3 — similarity 0.680, rank 2. TAIM detail and related incidents →
MEASURE 2.10 — similarity 0.679, rank 3. TAIM detail and related incidents →

Alleged deployer: schufa-holding-ag
Alleged developer: schufa-holding-ag
Alleged harmed parties: young-men-having-credit-scores, people-scored-on-old-scoring-versions, people-changing-addresses-frequently

Source

Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/405

Data source

Incident data is from the AI Incident Database (AIID).

When citing the database as a whole, please use:

McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.

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