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How To Check Your Credit Score In UAE

Having a clear idea of your financial situation is important when seeking a loan. The process of getting your credit report and credit score in the UAE is easy. You can obtain them through the Al Etihad Credit Bureau. The AECB charges a small fee for this service. This will help you understand your current debt levels and plan for your future financial security.

Your personal credit score is a three-digit number that shows how much debt you have and how much you have paid. Generally, the higher your score, the better. When you are applying for a loan or a credit card, you need to know your credit score. A low credit score will make it harder to get the loan you need.

How is Credit Score Calculated?

The credit score is calculated by looking at the information in three different areas. The first category is payment history, which consists of any missed, late, or defaulted payments. The second category is the number of inquiries on your credit report. The third category is the type of work you have done with credit.

What is the Process of Checking Credit Score in UAE?

You can access your credit report and score for Dh 105 by logging on to the AECB website http://aecb.gov.ae. Residents who are only interested in the credit score can purchase it for Dh 31.50. Simply register your details, provide your Emirates ID and passport number, and complete the payment. Within minutes, you will receive the report via email.  Another way to get your report is to download the AECB app, which is available on Google Play and the App Store. You can then get your report from there.

How To Check Credit Score In UAE
aecb.gov.ae

Why is Checking Your Own Credit Score Important?

A credit score is important for many reasons. It is the single most important factor in determining whether you are approved for a loan, and if so, what interest rate will be applied. Credit scores also determine your ability to rent property, apply for utilities, and even whether you’re eligible for employment opportunities. If you check your credit score regularly, it can give you peace of mind by providing an idea of how you compare with other borrowers.

I hope that this post has helped you to understand your credit score and how it impacts your life.

Also Read: How to Apply for a Credit Card in UAE

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