A good finance record is very important
A UAE credit bureau has recently been established to monitor the credit history of banks’ customers. So now is the time to get your affairs in order. With this new agency, whenever we apply for finance, our history will be checked. From what we owe on cards, car payments and personal finances, information is held on every one of us.
If our credit record is good, our chances of getting new or more finance at good terms also increases.
If you want to be truly smart with money, your finance history is actually something to see as a positive thing. A good credit history can be a benefit.