A Bounced Cheque Could Affect Your Credit Score
As of 2nd January 2022, issuing a cheque that bounces is no longer a criminal offence in the United Arab Emirates. However, it could still affect your credit score and impact your ability to secure lines of credit, according to the Al Etihad Credit Bureau. Marwan Ahmed Lutfi, the Chief Executive Officer of Al Etihad Credit Bureau clarified that several factors are involved in the computation of one's credit score, including payment of utility bills, credit card payments and bank loan installments.
March 21, 2022