She called for a commitment to payment or an understanding with banks
"Credit information": Financial distortions appear in the two-year credit report
Good credit behavior helps clients to take out funds easily.
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The CEO of Al-Etihad Credit Information Company, Marwan Lotfi, stated that “the financial distortions facing dealers lead to their non-compliance with the payments owed to them or the checks returned on the account. Commitment to timely payments or an understanding with their banks to make rescheduling or other things if they are unable to pay.
Lutfi's comments came in an interview with Abu Dhabi Radio for the program Studio One, yesterday.
He added that good credit behavior helps the customer to take in financing easily, as the report now shows all the customer's obligations towards banks, financing companies, electricity, water and telecommunications service providers, in addition to rental arrears and court cases that entail a financial commitment.
Lutfi stated that the database in "Al-Etihad Credit Bureau" now includes 9 million individuals and 600,000 companies, stressing that banks provide the company with financial data on a mandatory basis and are updated on a daily basis.
He added that the Central Bank required banks to update the customer data of the Al-Etihad Credit Bureau within 5 working days, and as a contribution from our side, we provided a service to submit a request to correct the data through the call center, in addition to launching it on the company's website soon, in order to facilitate the matter for the dealers.
The database in "Al Etihad Credit Bureau" includes 9 million individuals and 600,000 companies.
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