According to award-winning credit risk control recommend Nicoleta Remmlinger in an interview with Gulf Now, an empowered woman is not only educated and professionally aligned but also has significant financial literacy to keep her constant growth in every 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 empowered person. The area is renowned throughout the world for bringing the best skills to the fore. It has always been encouraging for people who are committed, driven, and forward-thinking.
Similar to this, she added, women should refrain from using checks infrequently because bounced checks, also for smaller amounts, lower credit scores and harm their chances of having a good payment history with Al Etihad Credit Bureau.
Nicoleta Remmlinger is one such woman who has put a lot of effort into making sure that women in the area are empowered through financial education. Credit chance director Nicoleta works for 4Most in the United Arab Emirates.
She began working as the business development manager for this record risk consulting firm, and in just three times, she increased its earnings to USD one million. In addition to encouraging women to have a solid understanding of finance, Nicoleta’s admirable work extends beyond expert efficiency. Credit is typically thought of as the dark side of the financial world, but this is not the case.
“Just by being aware of their fiscal planning, women can easily establish a good credit payment history, which may lead to an improved credit score. A good credit history can help investments in the UAE financial eco-system, particularly something as large as real estate investments. Many independent women believe that having several credit cards is a good idea, but we advise against it,” she said.
Nicoleta added that while credit cards frequently sound alluring, they are not usually very generous. Ladies should educate themselves on the various credit card options available in the market before choosing one and then contacting the particular lender for approval because so-called “record hungers” are classified as more dangerous.
Economic choices affect the level of financial stability a person will experience in the future, so all choices should be based on research, research, and logical reasoning, she advised.