Scoring data
Purpose
Credit rating
Description
Quote from ToC
"In order to evaluate your credit rating, we use scoring. Within the scoring process we calculate how probable it is that the respective customer meets his payment obligations. [...] we use personal data such as your salary, your expenses, existing obligations, your job, duration of employment, experiences of former contractual relations, repayment of former credits as agreed upon, as well as credit agencies’ information. Your scoring is the result of a mathematical-statistical procedure and it is necessary to fulfill the obligations of our credit contract (overdraft or N26 credit) according to Art. 22 2a) GDPR. The score results support our decision making, when a customer wishes to purchase an additional product and it is included in the current risk management."