Borrowers in the UAE can now access their credit report and score via a new mobile app, the Al Etihad Credit Bureau said.  Marwan Lutfi, the chief executive of AECB, said the new online and mobile options were “a game changer” for the credit industry in the UAE.

“The app appeals to more than 4.5 million borrowers in the UAE,” he said. “It is our duty it make it more convenient for everyone to access their reports and scores at any given time.”

The app allows customers to instantly download their credit report and score at rates that are 20 per cent cheaper than buying the report from a branch. Previously, consumers could only access their credit data by visiting one of the organisation’s two branches.

The cost to purchase a credit report with the score via mobile costs Dh126 including VAT. The credit report only is Dh84 and the credit score only is Dh52.5.  Those buying over the counter would pay Dh150, Dh100 and Dh60, respectively, with VAT applied on top.

Source: The National