Al Etihad Credit Bureau (AECB) recently launched a new credit scoring system in the UAE.
A credit score represents the creditworthiness of an individual. A credit scoring (a three-digit number, between 300 and 900) is assigned to a borrower to determine if he/she qualifies for a credit card or a loan.
With this new system, AECB hopes borrowers with good credit history will have a clearer and more transparent process in applying for a loan.
To find out more about how the new credit scoring works, read this link.