I took out a loan in May last year to send money home to help my family in the Philippines with tuition fees as well as their general expenses. I have two children, one in college and one in high school and I am the family breadwinner. About three months ago a relative got sick and they kept asking me for more money. My salary was also delayed by a few weeks and hence I was billed with hefty late payment charges.
My debts are:
Loan: Dh39,000
Credit card: Dh12,000
I constantly receive calls from collection agents and I answer them. I also face the collectors whenever they come to the office. I try to reassure them that I will pay, and ask them to give me more time as I…
Read the full article at: https://www.thenational.ae/business/money/the-debt-panel-admin-worker-begs-debt-collectors-for-more-time-to-repay-dh51-000-in-loans-1.757767