Al Etihad Credit Bureau begins to issue credit score.

Individual scores to improve customer’s negotiating power


Al Etihad Credit Bureau (AECB) has begun to issue Credit Scores to UAE citizens and residents.



Individuals can now obtain their credit scores by visiting the Bureau’s customer service centers in Abu Dhabi and Dubai, providing their original valid Emirates ID Card and Passport(s).

“The launch of the credit score is in line with AECB’s ongoing commitment to adopt the highest international standards in credit reporting and enhancing the UAE financial infrastructure,” said Marwan Ahmad Lutfi, CEO of AECB.

The credit score is a three digit number that ranges from 300 to 900 and measures how likely a consumer is to default within 12 months. It is calculated using information from various sources, like banks, finance companies and telecom companies. The score changes according to credit payment behaviour; a low score indicates a higher risk whereas a higher score indicates a lower risk.

“International best practice shows that a high credit score can give borrowers more negotiating power when applying for a loan or a credit card. Moreover, it often entails lower premium for insurance, better payment terms with landlords and enhanced benefits with telecommunication companies and utilities,” AECB said in an emailed statement.

To date, 59 financial institutions and telecommunication companies have provided their customers’ credit data to the Bureau and 64 Institutions have subscribed to AECB’s credit reporting services.

AECB began issuing Credit Reports in 2014. Credit reports include personal identity information, details of credit cards, loans and other credit facilities, along with payment and bounced cheque history.

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