I am a UAE national with a nice salary but recent circumstances have put me in trouble and I am in a lot of debt. My salary is nearly Dh50,000, but the Equated Monthly Installment (emi) on my loans is Dh90,000 plus. My total loan amount is very high at nearly Dh1 million. Im willing to pay Dh20,000 every month if someone can help me. I can give them postdated checks and will not run away as I have nice job, salary and have never defaulted on my credit cards or personal loan payments. However the monthly emi has gone above my salary. Maybe someone will help me, and my family life and work life will be sorted out. I just need one consolidated debt plan to reduce the emi to at least 50 to 75 per cent of my salary. ZS, UAE
Debt panellist 1: J…
Read the full article at: http://www.thenational.ae/blogs/your-money/the-debt-panel-emirati-earning-dh50000-is-in-trouble-with-dh90k-a-month-repayments