gauravchopra@lotusadvisoryuae.com2003-07, 2nd Floor, Supreme Court, Umm Hurair 2, Dubai, UAE

Bad debts stay on your UAE credit report for five years – (THE NATIONAL)

A visual representation of a credit report document with the text 'Credit Report UAE' prominently displayed


The bureau’s five-year default period for UAE banks queried by The National

Missed debt payments stay on your UAE credit report for five years, according to the Al Etihad Credit Bureau.

The bureau confirmed the five-year cut off point after The National asked whether UAE banks are aware of previous defaults once a specific time per­iod has elapsed.

The Process of Settling Bad Debts

Settling bad debt involves negotiations with creditors to resolve outstanding liabilities, aiming to find mutually acceptable repayment terms or reduced amounts. The settlement of bad debts is a process designed to alleviate financial burdens and establish viable repayment arrangements.

UAE Credit Reports: Defaults Limited to 5 Years, Bureau Confirms

“Credit reports include default information only for the last five years,” the bureau said.

Initially the bureau requested a two-year financial history of banks’ customers when it launched in late 2014. At the time the organization said that the credit reports would include “consumers’ debt obligations and payment behavior patterns for the past 24 months”.

Continue Reading

Our Services

GET THE BROCHURE Download the pdf file of latest update for this service.

Need Help ?

Please feel free to contact us. We will get back to you within 2 business days. Or just call us now

+971 56 159 1000

Submit Documents