How to improve your credit score?
Understand how your AECB credit score impacts your financial opportunities and learn how to improve it with smart money management and responsible credit use.
Understanding Your Credit Score
Your AECB Credit Score is a three-digit number ranging from 300 to 900 that reflects your creditworthiness and ability to meet financial obligations. Issued by the Al Etihad Credit Bureau (AECB), this score is calculated based on your financial history, including loan and credit card payments, outstanding debts, and overall credit behaviour.
A higher score indicates a lower risk of missed payments, improving your chances of loan approvals and better credit terms, while a lower score suggests a higher risk, potentially affecting your ability to secure credit. Understanding your AECB Credit Score helps you make informed financial decisions and maintain a strong credit profile in the UAE.
How Can I Know My Credit Score?
You can easily obtain your AECB Credit Score and Credit Report online by visiting the AECB website or by downloading the AECB App from Google Play or the Apple App Store.
Your AECB Credit Report provides a comprehensive overview of your financial history, compiled from banks, financial institutions, telecom providers, utility companies, and government bodies in the UAE.
Your report includes:
✔ Current and past credit facilities
✔ Payment history for up to five years
✔ Overdue payments and outstanding debts
✔ Records of defaults and bounced cheques
Regularly reviewing your credit report helps you monitor your financial health and take steps to improve your creditworthiness.
Can I Improve My AECB Credit Score?
Yes! Your AECB Credit Score is dynamic and constantly updates based on the latest information in your credit report. By taking the right steps, you can actively improve your score and enhance your financial standing.
✔ Make timely payments – Pay your bills, loan repayments and credit card balances on time every month. Late or missed payments negatively impact your score.
✔ Reduce outstanding debt – Lowering the amount of debt you owe improves your credit utilisation ratio, a key factor in your credit score.
✔ Limit new credit applications – Applying for multiple credit cards or loans in a short period may signal financial distress and lower your score.
✔ Maintain a good credit mix – Having a healthy balance of credit types (such as personal loans, car loans and credit cards) can positively impact your score.
✔ Avoid maxing out your credit limits – Keeping your credit card usage below the available limit shows responsible financial behaviour.
By following these steps, you can gradually improve your AECB Credit Score and gain better financial opportunities in the UAE.
