With the aim of maintaining financial stability and ensuring transparency in the country, the Al Etihad Credit Bureau UAE has gained substantial significance. Managed by the UAE government, it is a credit reporting agency that retrieves, maintains, and shares accurate credit information, aiding in financial decision-making. The credit bureau fulfills its responsibility to mandate the collecting and sharing of credit information from and with financial institutions, respectively.
The Al Etihad Credit Bureau UAE helps in releasing comprehensive credit reports which PLAY a vital role, especially in applying for a loan or credit card. It includes a detailed analysis of credit history, loan details, and payment records, amongst others, aiding institutions in evaluating the creditworthiness of an individual or a business. By presenting robust and authentic data, Al Etihad contributes to reducing the potential risks related to credit decisions, ensuring a balanced and secure financial landscape in the UAE.
Moreover, the Al Etihad Credit Bureau UAE provides credit scores, an algorithm-based number reflecting the credit risk. The score, ranging from 300 to 900, provides an instant snapshot of the creditworthiness, with a higher score indicating a lesser risk. A credit score is a significant determinant in the approval and interest rates of loans and credit cards.
At 28 Group, we understand the critical aspects and the implications of services provided by the Al Etihad Credit Bureau UAE on financial decision making. We ensure to facilitate the process by keeping you informed, aiding you in making better choices, combined with our diverse range of services. Transparency, trust, and integrity that aligns with Al Etihad are our core values, taking a leap forward towards a secure financial future.