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CREDIT SCORE in UAE by Al Etihad Credit Bureau
- WHAT IS A CREDIT SCORE?
- Credit Score is a three-digit number that predicts the likelihood that you will make your loan and credit card payments on time, based on your previous credit and payment behavior.The Credit Score number ranges from 300 to 900. A low score indicates a higher risk, whereas a higher score indicates a lower risk.
- WHAT IS A CREDIT SCORE USED FOR?
- The Credit Score helps financial institutions make better-informed decisions, process credit card and loan applications faster and provide preferential benefits for those with high scores.
- HOW CREDIT SCORES ARE CREATED?
- Your scores are typically based on things like how often you make payments on time and how many accounts you have in good standing.
- HOW IS THE CREDIT SCORE CALCULATED?
- Credit Score is calculated using information from various sources, like banks, finance companies and telecom companies.Your Credit Score is dynamic, and changes according to your credit and payment behaviour. Missing or delaying a payment beyond the due date, frequently utilizing all your credit card limits, or taking on additional loans or credit cards may lower your Score.However, reducing the number of credit cards, consistently reducing outstanding balances, and making payments on or before the due date will improve your Credit Score
- HOW DO I GET MY CREDIT SCORE IN UAE?
- At Present, You need to Visit one of AECB Customer Service Centers located in Dubai or Abu Dhabi and provide an original valid Emirates ID Card, Passport(s) Copy and a valid Email Address. You can pay with credit, debit or e-dirham cards and get your credit score on your registered email.
