If you feel like youre drowning in debt, youre not alone.
A 2017 survey conducted by Souqalmal.com revealed that more than half of the respondents have a Debt Burden Ratio of more than 50 percent. Thats not all – 76 percent of the respondents had missed at least one debt repayment in the past.
Debt can quickly take over your financial freedom if not handled properly.
But the worst part is that many borrowers struggling with debt dont even acknowledge that theyre in serious financial trouble, thereby living in debt denial.
The belief that theyre too deep in debt with no possible way out can often leave borrowers in limbo, a situation that can only make matters worse for them.
Therefore, the sooner you recognise that…
Read the full article at: http://www.arabianbusiness.com/banking-finance/395368-5-point-guide-to-paying-off-your-debt