As it is known that to get a mortgage in UAE it is important to have a good credit score. The applicants with low credit scores would be rejected. But there are a few measures to increase the credit score which are mentioned below.

Clearing Existing Dues:

Clearing all the existing loans will help in increasing the credit score in the future. Repayment of dues on or before the due date would drastically improve your credit score. Various available options can be used which are personal pans, balance transfers, cash in advance, etc., to pay off the existing debts.

Getting a New Credit Card:

Getting a credit card would be of a getter help by increasing the credit score and the available credit limit. The credit score will not be high, even if there is an active loan and not a credit card. Delaying the repayment of loans will decrease the credit score as the intervals between the payment gap will be wider. Making the repayment on time would reduce the interval timing and it would gradually increase the credit score.

Managing Existing Credit Cards: 

It is to be noted that all credit cards must be used often, without any delay. The credit card payment report contains all the usage and payment reports done in the past. Consequently, if the close or deactivate an unused credit card abruptly, your credit score can fall.

Checking the Credit Report:

The credit score report is created and maintained by the authority AECB (Al Etihad Credit Bureau) in UAE. It is mandatory to go through the credit score report frequently to know whether the report is maintained perfectly by the authority and for self-insight. This helps to rectify if there is any error and to know whether it is the error done by the authority or it is done by self mistakes in maintaining the borrowed loan and helps to improve it in the future.

Entertaining timely debt Repayments:

Repayment in depth and time will be an effective way to increase the credit score. It is to be noted that paying the debt of monthly bills and all the other installments on or before the due date will have a positive impact. By activating standing instruction in the bank account the notification for the upcoming payment plan will be provided for every interval, therefore forgetting and missing the due date will be avoided.

Making some Extra Deposits:

Making an extra deposit on a credit card will always be an easy way to increase the credit score gradually. It is done by depositing an additional amount apart from the existing monthly loan amount will create goodwill and convert into a credit score. The will help you by reducing the time and the amount which have to pay in the future.

Multiple loan amounts:

 Applying to multiple credit cards or loans is not encouraged or recommended. The rejection of credit cards or the application for a loan will also result in a reduction in credit scores. If the submitted application is rejected in a process it is important to check whether the documents submitted were right and to note the debt burden ratio is good. If the rejection of an application happens multiple times will damage the credit score to the worst.