I earn Dh10,000 a month but have outstanding debts of Dh40,000 on my three credit cards. I want to pay them off as soon as possible. I am living hand-to-mouth and the credit card payments are not allowing me to save. I built up the debt because of some random shopping I did for myself and my family during my wedding period this April. I was using balance transfers as an option [to reduce the interest rate] but I couldnt resist spending on one card after the balance had been transferred to another. I am currently supporting my family, as my parents are retired, and also my husband has just relocated here and is looking for a job. What is the best option for me to consolidate all three cards and lower the interest and minimum monthly payme…
Read the full article at: http://www.thenational.ae/blogs/your-money/the-debt-panel-dubai-bride-struggling-with-dh40000-in-wedding-debt
