What’s your Score?

If you’re an OFW in the UAE or other countries like the US you’ve probably heard of the Al Etihad Credit Bureau (UAE), or the Credit Bureau in the US. Centralized credit bureau offices like the two mentioned above are agencies responsible for collecting credit information from financial and non-financial institutions. The information is then used to calculate for a person or company’s credit score.

For this entry, we will be discussing mainly about the Al Etihad Credit Bureau.

What’s a Credit Score and Why is it important?

As defined by the Al Etihad Credit Bureau, a Credit score is a three-digit number that predicts the likelihood that you will make your loan and credit card payments on time, based on your previous credit and payment behavior.

The number ranges from 300 to 900. A low score indicates a higher risk, whereas a higher score indicates a lower risk.

The Credit Score will help financial institutions make better-informed decisions, process credit card and loan applications faster and provide preferential benefits for those with high scores.

Whenever you apply for a credit card or a loan, the banks will use the information about your credit score to determine if they will approve your application or not, as well as the interest rate that you will get or the Credit Limit on your Credit Card. If your score is high, then you have a better chance of getting your loan or application for a credit card approved. If it’s low, then your application will be declined, or you will probably get a very small credit limit, and a higher interest rate.

How can one improve his or her Credit Score?

If you’ve already had your Credit Score calculated by the Al Etihad Credit Bureau, and you have a low score, you can improve it by making sure that you pay all your bills on time. Pay your credit card and loans diligently. Minimize using your credit card, and work on having a positive bank balance at the end of each month.

Be more responsible when it comes to your finances and your Credit Score will surely improve as well.

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For more information, you may check their website.

https://www.aecb.gov.ae/credit-report

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5 Simple Saving Tips from a Kuripot OFW

This month I celebrated my third anniversary as an Overseas Filipino Worker (OFW). I love the whole idea of working abroad and being exposed to different cultures. I am thankful for the opportunity to be here, living my dream to travel the world while saving and investing for my future.

Three years. That’s more than a thousand challenging days of work to achieve my KPI’s! There were moments when I rode the wrong bus and got lost, fainted in the middle of the road because of hypoglycemia, cried in front of my former boss when I was overwhelmed with too much pressure, underwent a total of three major surgeries from a fall accident, and so much more!

Three years. I met new friends and let go of some. I also learned to appreciate my hard-earned money more – keeping track of where it goes and prioritizing my emergency fund and life insurance. I stopped shopping for useless things (in fact, I have not purchased a new purse this 2017 but more on this later). I am embracing the minimalist lifestyle and doing better at keeping to it.

Keep on reading!

Flavours of Kathmandu

I had a few days to go around Kathmandu to visit the temples and try their food. I printed a list (I like making lists and printing them) of what to try like Blood Sausage, Yak Cheese and Thukpa, but when I got there and witnessed the crowd, humidity and traffic, I decided to pass. It would have been fun to walk around but I was too chicken to cross the busy roads.

I ordered food from Summit Hotel instead, and luckily, the Chef was very accommodating with my requests. Here are a few of the food that I tried. If I was not eating outside, I was having store-bought coffee and unhealthy instant cup noodles in the comforts of my room.

Keep on reading!

Nepal Visa for Philippine Passport Holders in Dubai

Nepal tourist visa is available on arrival at Tribhuvan International Airport for Philippine passport holders.

Upon arriving, I noticed that the airport is equipped with touch-screen machines where you can input your personal and passport details as well as additional information regarding your purpose of travel, accommodation, etc. You’ll have to ask around which machine is actually working (I had to do it twice as the first machine did not dispense a receipt).

After completing the questionnaire, a Visa Entry Receipt will be printed. Take this receipt with you to the desk where a fee of USD 25 or AED 100 should be paid. Make sure to bring the exact amount as they normally do not have change. About a minute later, the Visa valid for 15 days was stamped on my passport.

Keep on reading!

Namaste, Nepal!

Namaste!

This is their way of saying their soul honors our soul; they honor the light, love, truth, beauty and peace within us, because it is also with them; and in sharing these things we are united.

The land of Buddha Eyes, monks, prayers and momos. This is Nepal.

My trip to Kathmandu was surprisingly the most humbling experience. Weeks ago as I was planning my 4-day holiday in Nepal, I was focused on what food to try and which temples to visit. My friend insisted that we take a plane ride to Pokhara which I declined as I had a limited budget and an additional plane ticket would mean breaking the bank and using my credit card. I heard Pokhara is very nice place, but it can wait; I can always arrange another trip in the future provided I save enough. After all, Nepal has a lot of other things to offer for every kind of traveler.

Keep on reading!