Do you know what credit score is required to rent an apartment in UAE? Check your AECB Credit score in UAE and apply for a apartment in UAE.
The cost of the AECB Credit Score will be borne by Policybazaar.ae. T&C apply *
AECB Credit Score is linked to a unique mobile number
A credit score, as previously discussed, is a three-digit score that indicates the creditworthiness of an individual. It is utilised by both insurance companies and banks to evaluate the potential of an individual in terms of debt repayment. A higher credit score generally means that you are eligible to easily take financial products of your choice at low rates as well.
On the contrary, complications can arise when your credit score is estimated to be low. In such a circumstance, financial institutions might reject your requests for the services or provide them at higher rates of interest or fees. Consequently, maintaining a good credit score is a prerequisite.
In the UAE, the credit score of an individual is evaluated by the Al Etihad Credit Bureau (AECB). The AECB acquires all the relevant data about the borrower from several authorities and conveys the required information to institutions in the form of credit scores or credit reports.
|Check your AECB Credit Score|
Listed below are the major factors considered for determining a consumer’s credit score.
While everyone would prefer to boost credit score fast, the process to have your credit score reach the required limit may take considerable time. Nevertheless, if you are pondering how can I improve my credit score fast due to any specific situation, listed further are some of the ways to do so -
You can easily get your credit score from the Al Etihad Credit Bureau by simply requesting the AECB for your credit report and score. However, keep in mind that the bureau will charge you an amount to generate both documents. For an individual credit report and score, the amount is AED 84 (exclusive of the VAT), while AED 157.75 (besides the VAT) is required to produce credit score and credit report for an organisation.
While the above-described method requires a fee for verifying the credit score, another way to do so for free is to continue on policybazaar.ae. For its users, Policybazaar UAE ensures free access to credit scores and reports.
It is essential to maintain a proper record of all your bank accounts and related transactions and verify the authenticity of all the facts and figures mentioned in your credit score report. For individuals seeking answers to how to increase your credit score fast, they can always follow the steps mentioned in the article and monitor their score to have a satisfactory credit score.
While it is recommended to keep a check on your credit score at regular intervals, you may end up paying a considerable amount in the form of fees if you go with the AECB. Thus, you can contact the policybazaar.ae team and request your credit score for free.
For further assistance, reach out to the professionals of Policybazaar UAE.
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