I have always been a good banking customer, with a clear payment history on my debts. But recently my father became really sick and I have been unable to make my payments on time. I initially borrowed the money because I tried to help someone, but unfortunately that person lost their job and had to leave the country. Now I have debts in the UAE of more than Dh130,000. I work in telesales earning Dh7,000 a month and I am the only source of income for my family in Pakistan. My debts comprise one personal loan and four credit cards with four different banks.
Loan: Dh27,000
Credit card: 1: Dh19,000
Credit card 2: Dh22,000
Credit card 3: Dh10,000
Credit card 4: Dh54,000
I approached my primary bank in December (with which I have the loan and one …
Read the full article at: http://www.thenational.ae/blogs/your-money/the-debt-panel-dubai-telesales-worker-fears-her-residence-visa-renewal-will-be-rejected-over-her-dh130000-debts