What is Credit Bureau

A Credit Report is a collection of historical credit data from various financial institutions, utilities, governments etc on individuals and companies in the UAE. The report includes:

Record of current and previous credit facilities

Payment history over last 24 months

Payments overdue

Records of any defaults and bounced checks

How will a Credit Report benefit you?

Helps you understand your credit-worthiness

Lowers the costs of credit for a good borrower

Provides greater access to capital for Small & Medium Businesses

The process of obtaining approval for borrowings (i.e. loans, credit cards etc…) will be more transparent and accurate