It requested the dealers to review their banks to find out the reason for the account exposure in the credit report

"Credit information" confirms the necessity of closing unused current accounts

The company allows customers to view the report and credit evaluation.

Archives

Al-Etihad Credit Bureau emphasized the necessity for bank customers to close their old or unused current bank accounts, stressing the responsibility of each person to ensure the accuracy and correctness of his financial obligations with banks by reviewing his credit report periodically.

This came in response to Emirates Today's inquiries about the existence of exposures under the heading of "overdraft" in the credit reports of some dealers with amounts ranging between 1500 and 2000 dirhams without having taken these amounts.

"Al Etihad Credit Information" stated that the Federal Law on Credit Information obliges information providers to provide the company with information about the financial rights and obligations of dealers in the country.

She added that on the other hand, the law prohibits the circulation of information and data related to deposits, account balances, investments and assets belonging to the dealer, noting that according to the executive regulations of the law, information providers are responsible for the accuracy, correctness and completeness of the information provided to the company.

Al-Etihad Credit Bureau indicated that for the amounts that appear as overdrafts in old or unused accounts, they can be referred to banks to clarify the reasons.

And she continued, "Here we stress the responsibility of every person to ensure the accuracy and correctness of his financial obligations with banks by reviewing his credit report periodically and the necessity to close unused current accounts."

Al-Etihad Credit Bureau pointed out that it allows all dealers inside and outside the country to view the report and credit evaluation through the company's website: (ww.aecb.gov.ae) or the (AECB) application.

Follow our latest local and sports news, and the latest political and economic developments via Google news