The Credit Score is a three-digit number that predicts the likelihood of an individual or a company to miss payments in the next 12 months. This Credit Score ranges from 300 to 900 and the higher your score the lower the level of risk. Your score is generated using statistical models that factor multiple data points from your credit profile.
Your Credit Score is a number that represents your credit history and your ability to pay your loans and financial obligations. It's like a grade that indicates your overall creditworthiness.
More confidence: A high Credit Score means you'll have the confidence to apply for the loans and products you need.
Get approvals faster: Get access to quicker pre-approvals on select financial products or services.
Secure better rates: Avail lower interest rates and save on loan payments.
These are the main factors that contribute to better credit behavior and positively impact your 3-digit credit score. The final credit score is calculated using a credit score algorithm.
In order to calculate a Credit Score, we require a minimum period of credit history and some additional conditions. Some of the most common reasons why you cannot get a credit score are:
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What is a Credit Score?
Al Etihad Credit Bureau