In an interview with Gulf Now, award-winning credit risk control advocate Nicoleta Remmlinger stated that an empowered woman is not only educated and professionally aligned but also has a strong financial literacy to support her steady growth in all fields.
She emphasized the risk of economic problems of many people who are simply caught up in various scams due to less information, particularly working women. “Do not have multiple credit cards, even if not using them, they are increasing the exposure and thus probability of default, resulting in a lower credit score.”
During the most recent Impact Leadership Global Awards, Dubai honors but another financially inspired person. The area is renowned throughout the world for bringing the best talent to the fore. People who are devoted, driven, and liberal have always benefited from its support.
Similar to this, women should refrain from using checks infrequently because bounced checks, yet for smaller amounts, lower credit scores and harm their chances of having a good payment history with Al Etihad Credit Bureau.
One for woman is Nicoleta Remmlinger, who has put a lot of effort into ensuring that financial literacy empowers women in the area. Nicoleta works as a credit risk director for 4Most in the United Arab Emirates.
She began working for this record risk consulting firm as the business development manager, and in just three times, she increased its income toUSD one million. Although Nicoleta encourages women to be strong at knowledge finance, her admirable job does not limit itself to professional performance. Credit is typically thought of as a darker side of finance; however, she advises females to think differently.
“Women can easily build a strong credit history just by being aware of their financial planning, and as a result, their credit score may improve.” A good credit history can help investments in the UAE economic eco-system, particularly something as large as real estate investments. We advise women to stay away from having several credit cards, which many independent women believe is a good idea.
Nicoleta added that while credit cards frequently sound alluring, they are not usually a great deal. People should educate themselves on the various credit card options available in the market before choosing one and then contacting the appropriate bank for approval because so-called “credit craves” are classified as more dangerous.
She advised that all financial decisions should be based on research, research, and scientific reasoning because they determine the level of financial stability a lady will have in the future.