My wife and I both work for reputed companies in Dubai, earning Dh8,000 each. However, we have debts of Dh285,000 between us; my debt burden ratio is higher as I owe about Dh160,000, while my wife owes about Dh120,000.
My debts are:
Card 1: Dh7,450
Credit card 2: Dh4,500
Credit card 3: Dh10,100
Loan 1: Dh67,000 (monthly payment of Dh2,510)
Loan 2: Dh56,000 (monthly payment of Dh2,084)
Loan 3: Dh17,700 (monthly payment of Dh950)
Total: Dh162,750
My wifes debts are:
Card 1: Dh4,500
Card 2: Dh2,500
Loan 1: Dh63,000
Loan 2: Dh7,700 (monthly payment of Dh750)
Car loan: Dh45,000 (monthly payment of Dh950)
Total: Dh122,700
We accept our mistakes. I took out the first loan to get m…
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