I work at an outlet in Abu Dhabi and have some debt that is now really difficult to manage. I had some financial problems back home in India and had to send money in large amounts. This was mainly for the medical treatment for my wife and mother and other expenses. Also, I was building a house and it collapsed halfway through the build. Unfortunately there was no insurance coverage at that time and I had to rebuild it. Now it is almost finished. So, over the past two years, the debt built up and now I have credit cards and loans amounting to Dh150,000. I have three loans totalling Dh122,000 and three credit cards with outstanding balances of about Dh20,500. The problem is my monthly salary of Dh6,482 is no longer enough to cover all the …
Read the full article at: http://www.thenational.ae/blogs/your-money/the-debt-panel-abu-dhabi-employee-cannot-afford-debt-repayments-after-his-salary-was-slashed
