The Emirates Telecommunication Group, Etisalat, and Du, a subsidiary of Emirates Integrated Telecommunications Company, have joined the list of subscribers to the services of the Etihad Credit Bureau.
A statement issued yesterday stated that the two telecom companies will use the credit rating from the “Al Etihad Credit Bureau” during the evaluation processes of postpaid services requests, or the purchase of devices, in order to assess the ability of an individual or company to pay future payments, based on past payment patterns.
The statement pointed out that “Etisalat” and “Du” are among the largest companies in the country that provide information to “Al Etihad Credit Information” on the due invoices and payment dates on a regular basis to individuals and companies in the UAE. Al Etihad collects credit information from banks and financing companies. , Telecommunications companies, water and electricity companies, and courts, with the aim of adding more accuracy and comprehensiveness to the credit and analytical reports they issue.
The CEO of Al-Etihad Credit Bureau, Marwan Ahmed Lotfi, said that banks and financing companies in the country analyze the report and credit evaluation, before approving applications for loans or credit cards.
He stressed that providing both Etisalat and Du, Al Etihad Credit Bureau, with information on paying due bills, it is imperative for individuals and companies to commit to paying financial obligations on time and avoiding default, as the patterns of payment of dues related to services provided by telecommunications companies It will appear in the credit report, and will affect a person’s creditworthiness, accessibility, or benefit from preferential services and products provided by telecommunications companies.
For his part, the Acting CEO of Emirates Integrated Telecommunications Company, Fahad Al-Hassawi, said that “du” continues its commitment to adopting and applying international best practices across all sectors of its operating business.
He added, “The services of Al Etihad Credit Bureau will allow us to obtain clearer insights regarding the main data, which helps us to reduce risks, to enhance the protection of shareholders, customers and all other stakeholders.”
In the same context, the CEO of the individuals sector at Etisalat, Khaled Al-Kholy, said that Etisalat is constantly striving to protect its customers by following international best practices to maintain business efficiency and operational models, in addition to providing long-term added value to shareholders .
He stressed that this step confirms Etisalat’s commitment to sustainable management of the expectations of all shareholders and customers across various sectors.
9 million individuals and 600 thousand companies
Telecom companies du and Etisalat have worked with Al Etihad Credit Bureau for the past four years. They are on the company’s list of information providers, which currently include 78.
Their addition to the list of information providers contributes to strengthening the Al-Etihad Credit Bureau database to include 9 million individuals and 600,000 companies.
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