{"id":1445,"date":"2020-09-15T00:00:44","date_gmt":"2020-09-14T20:00:44","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=1445"},"modified":"2020-09-14T23:15:16","modified_gmt":"2020-09-14T19:15:16","slug":"good-credit-score-in-uae","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/good-credit-score-in-uae\/","title":{"rendered":"How does a Good Credit Score in UAE makes your financial life better."},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Having a good credit score in UAE is one of the most prominent characteristics of a responsible person. A good credit history indicates that the person is in control of his\/her finances and has made past payments on time without any negative remark. You can survive with bad credit, but it is not always easy and definitely not cheap. Establishing a good credit score will not only help you save money but also make your financial life much easier. If you are looking for reasons to maintain your good credit, <\/span><\/p>\n<h1><span class=\"ez-toc-section\" id=\"here_are_some_great_benefits_to_having_a_good_credit_score_Read_on%E2%80%A6\"><\/span><strong>here are some great benefits to having a good credit score. Read on\u2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1456 alignleft\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2020\/09\/Credit-Score-in-uae.png\" alt=\"\" width=\"537\" height=\"333\" \/><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a234426e93cd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a234426e93cd\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/good-credit-score-in-uae\/#here_are_some_great_benefits_to_having_a_good_credit_score_Read_on%E2%80%A6\" >here are some great benefits to having a good credit score. Read on\u2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/good-credit-score-in-uae\/#Low-interest_rates_on_credit_cards_and_loans\" >Low-interest rates on credit cards and loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/good-credit-score-in-uae\/#Easy_and_swift_approval_of_loans\" >Easy and swift approval of loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/good-credit-score-in-uae\/#Employment_opportunities\" >Employment opportunities<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/good-credit-score-in-uae\/#How_to_improve_your_credit_score\" >How to improve your credit score?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/good-credit-score-in-uae\/#Ensure_that_you_make_your_monthly_payments\" >Ensure that you make your monthly payments\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/moneymall.ae\/credit-blog\/good-credit-score-in-uae\/#Review_your_credit_reports\" >Review your credit reports<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/moneymall.ae\/credit-blog\/good-credit-score-in-uae\/#Find_out_what_is_working_in_your_credit_scores_favour_and_what_is_working_against_it\" >Find out what is working in your credit score\u2019s favour and what is working against it\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/moneymall.ae\/credit-blog\/good-credit-score-in-uae\/#Maintain_your_credit_utilization\" >Maintain your credit utilization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/moneymall.ae\/credit-blog\/good-credit-score-in-uae\/#Pay_more_than_once_every_month\" >Pay more than once every month\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Low-interest_rates_on_credit_cards_and_loans\"><\/span><b>Low-interest rates on credit cards and loans<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In terms of taking a loan, even a slight decrease in the interest rate can make a huge difference by reducing the amount to be repaid. With a good credit score, you can enjoy lower interest rates. For a score with a range of 300 -900, a credit score of 700 or above is generally considered good. People who pay timely instalments on their loans and credit card dues get extensions on limits subsequently when their credit limit gets stretched. A good credit score gives you negotiating power in terms of interest rate and loan amount when you apply for a loan.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Easy_and_swift_approval_of_loans\"><\/span><b>Easy and swift approval of loans<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">What matters the most in swift approval of your loan is your credit score. Loan limits are dependent on income but a poor credit history might cancel out or nullify your chances of getting one irrespective of how much you are currently earning. On the other hand, with a good credit score, the chances of loan approval are higher. This is because the lenders consider you trustworthy. Be it a Personal Loan, Home Loan, or Car Loan, you may have to opt for one at some point in your life. Having a high Credit Score works in your favour by convincing lenders that you can repay the loan on time. This increases your credibility as a borrower.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Employment_opportunities\"><\/span><b>Employment opportunities<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It is not unusual for employers to check the credit score of a candidate. A bad credit score hints at the reckless lifestyle choices and lack of seriousness about monetary matters. It can also reflect on the chances of high debt, which might interfere with a candidate\u2019s performance at work. So, if you are looking for a job, then besides preparing for the job interview, checking your credit score and improving it also becomes indispensable. A lower score can thrash your ambition of a dream job.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_improve_your_credit_score\"><\/span><b>How to improve your credit score?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Now that you know the benefits of a good credit score, follow the tips mentioned below to improve your score. Here are a few tips which will help you build your credit score:<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Ensure_that_you_make_your_monthly_payments\"><\/span><b>Ensure that you make your monthly payments\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Your credit score can only be improved if you pay your bills on time. It is advised that you set a reminder for every month.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Review_your_credit_reports\"><\/span><b>Review your credit reports<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You can get your credit report from AECB, Check your report regularly, Make sure that you review the report thoroughly and get the errors removed.\u00a0<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Find_out_what_is_working_in_your_credit_scores_favour_and_what_is_working_against_it\"><\/span><b>Find out what is working in your credit score\u2019s favour and what is working against it\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Evaluate your report and find out what\u2019s helping your credit score and what\u2019s hurting it.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Maintain_your_credit_utilization\"><\/span><b>Maintain your credit utilization<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Raising your credit limit can help you to maintain your credit utilization. Your credit utilization can be kept in place by paying your monthly credit card balances in full each month.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Pay_more_than_once_every_month\"><\/span><b>Pay more than once every month\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If your income allows it, try to pay your balances every couple of weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you have a low credit score, do not worry, it is never too late to improve it and reap the benefits. We hope that this article helps you in being a step closer to your financial goals.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Having a good credit score in UAE is one of the most prominent characteristics of a responsible person. A good [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[10,396,12,181],"class_list":["post-1445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-score-report","tag-credit-score","tag-credit-score-check","tag-credit-score-in-uae","tag-good-credit-score"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/comments?post=1445"}],"version-history":[{"count":5,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1445\/revisions"}],"predecessor-version":[{"id":1459,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/1445\/revisions\/1459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/1446"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=1445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=1445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=1445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}