How to Check Your Credit Score in UAE

Credit Score in UAE

Your credit score is an essential number that reflects your creditworthiness and financial health. It’s a three-digit number that ranges from 300 to 900, with higher scores indicating lower risk. Your credit score is an important factor that banks and other financial institutions use to determine whether to approve your loan or credit card application, so it’s crucial to keep it in check. In this blog post, we’ll explore how you can check your credit score in UAE and understand what affects your credit score.

Understanding Your Credit Score

Your credit score is calculated using an algorithm based on your payment behavior, credit utilization, and other factors. It changes regularly and reflects your current financial standing. Here are some key factors that affect your credit score:

  • Payment history: Making payments on time and not bouncing cheques is the most critical factor that affects your credit score.
  • Credit utilization: Reducing the number of credit cards and other credit facilities and consistently reducing outstanding balances can positively impact your credit score.
  • Length of credit history: Having a longer credit history and a variety of credit types can help boost your credit score.
  • Credit inquiries: Applying for too many loans or credit cards can lower your credit score.
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How to Check Your Credit Score

In today’s world, where more people are using mobile devices to access the internet, checking your credit score in UAE has become incredibly convenient. You can check your credit score through the Al Etihad Credit Bureau (AECB) website or AECB CreditReport app. This article will explain how to check your credit report on the AECB mobile app, and the following steps will guide you through the process:

First-Time Users

If you’re checking your credit score for the first time, here are the steps you need to follow:

  1. Download the AECB CreditReport mobile app from the Apple App Store or the Google Play store.
  2. Launch the app.
  3. Scan your Emirates ID
  4. Review your details and choose your password to register
  5. Choose your product: You can select a one-time credit report or sign up for a subscription service that allows you to monitor your credit score regularly.
  6. Choose the recipients you would like to share your report with
  7. Complete your payment by Debit or Credit Card.
  8. View your score and receive your PDF report via email within minutes.
how to check uae credit score

Existing Users

If you’ve already registered and want to check your credit score, here are the steps you need to follow:

  1. Download the AECB CreditReport app,
  2. Login with your AECB credentials
  3. Choose the type of report you want to buy
  4. Choose the recipients you would like to share your report with
  5. Complete payment using an existing card or by adding a new debit or credit card
  6. View your score and receive your PDF report via email within minutes.
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Correcting Inaccurate Information on Your Credit Report

Ensuring the accuracy of the information on your credit report is crucial to maintaining a healthy credit score. If you come across any incorrect information on your credit report, it’s essential to get it corrected as soon as possible. To resolve any inaccuracies, you will need to contact your banks and financial institutions directly, as they are responsible for correcting and updating your records. The Al Etihad Credit Bureau app provides a list of contact details for all data providers, making it easy for you to get in touch with them and address any issues.

Conclusion

Checking your credit score is an essential step in managing your finances and improving your creditworthiness. By understanding what affects your credit score, you can take steps to maintain a healthy credit score and avoid any negative impact on your financial standing. With the above steps, you can easily check your credit score in UAE and take control of your finances.

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