A new era of credit assessment is taking shape in the UAE! Etihad Credit Bureau has launched Credit Score 3i, an upgraded system designed to provide a clearer picture of individuals’ financial standing and help financial institutions make more informed lending decisions. With enhanced assessments, greater transparency, and new opportunities for those with limited credit histories or looking to improve their credit scores, the system marks an important step forward in the UAE’s evolving financial landscape.
Key Changes Under the New System
- Extended Credit History Assessment: The assessment period has increased from 24 to 36 months, providing a more comprehensive view of financial behaviour.
- New Credit Score Ranges: Individuals with established credit histories are assessed on a scale of 300–850, while eligible newcomers and individuals with limited credit histories are assessed on a scale of 300–650.
- Faster Credit Score Improvement: Individuals who settle previous defaults and maintain good repayment practices may see improvements in their credit scores within six months.
- Greater Transparency: Enhanced credit reports provide clearer insights into the factors affecting credit scores and recommendations for improving creditworthiness.
Strengthening the UAE’s Financial Ecosystem
The initiative reflects the UAE’s continued efforts to build a more transparent and inclusive financial system. By improving credit assessments and expanding access to credit information, the new model aims to support responsible borrowing and better financial decision-making.
For residents and entrepreneurs, maintaining a positive credit history remains important when applying for loans, credit cards, and other financing facilities. However, credit approval remains subject to each financial institution’s lending criteria.
Residents can access their credit scores and reports through the official Etihad Credit Bureau website.
Original Source: Gulf Business – UAE Launches New Credit Score System: What Changes for Residents
