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The Debt Panel: Emirati government employee with Dh350,000 in debts seeks a Dh1m loan to finish building his villa – The National (blog)

I am Emirati, work in the government sector in Dubai and have outstanding debts of Dh350,000. This is made up of two loans, a personal loan of Dh300,000 and a car loan of Dh50,000. I dont have any credit cards. I took out the personal loan to start building my house but then the contractors ran away. Now I am stuck with this debt and I want to complete my villa, which needs at least Dh1.7 million to finish it. I only need a loan for Dh1 million, as I am getting Dh700,000 from the government housing establishment, however no bank is willing to finance me. I earn Dh33,000 a month and my monthly instalments are Dh12,000 for the personal loan, Dh1,000 for the car loan and Dh6,000 for my accommodation. What do you suggest? MS, Dubai

Debt panel…

Read the full article at: http://www.thenational.ae/blogs/your-money/20170207/the-debt-panel-emirati-government-employee-with-dh350000-in-debts-seeks-a-dh1m-loan-to-finish-building-his-villa

Category: Debt HelpBy Insolvency GuardianFebruary 7, 2017

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PreviousPrevious post:The Debt Panel: Emirati Government employee with Dh350,000 in debts seeks a Dh1m loan to finish building his villa – The National (blog)NextNext post:FIFA YouTuber admits to breaking UK gambling law – Engadget

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The Debt Panel: Emirati Government employee with Dh350,000 in debts seeks a Dh1m loan to finish building his villa – The National (blog)

I am Emirati, work in the government sector in Dubai and have outstanding debts of Dh350,000. This is made up of two loans, a personal loan of Dh300,000 and a car loan of Dh50,000. I dont have any credit cards. I took out the personal loan to start building my house but then the contractors ran away. Now I am stuck with this debt and I want to complete my villa, which needs at least Dh1.7 million to finish it. I only need a loan for Dh1 million, as I am getting Dh700,000 from the government housing establishment, however no bank is willing to finance me. I earn Dh33,000 a month and my monthly instalments are Dh12,000 for the personal loan, Dh1,000 for the car loan and Dh6,000 for my accommodation. What do you suggest? MS, Dubai

Debt panel…

Read the full article at: http://www.thenational.ae/blogs/your-money/the-debt-panel-emirati-government-employee-with-dh350000-in-debts-seeks-a-dh1m-loan-to-finish-building-his-villa

Category: Debt HelpBy Insolvency GuardianFebruary 7, 2017

Post navigation

PreviousPrevious post:Call for World of Furniture customers to come forward – Belfast TelegraphNextNext post:The Debt Panel: Emirati government employee with Dh350,000 in debts seeks a Dh1m loan to finish building his villa – The National (blog)

Related Posts

Private debt continues to offer attractive returns – Money Management
March 7, 2021
Senate Dems secure $1.9T stimulus bill, minority farmer debt relief survives GOP challenge – Agri-Pulse
March 7, 2021
Debt Reduction Services Review – Investopedia
March 5, 2021
4 balance transfer credit card offers to help get you debt-free – Mozo.com.au
March 4, 2021
Factbox: France’s new quasi-equity debt scheme to support firms – Reuters
March 4, 2021
Poor countries struggling with debt fight to get help – The Economist
March 4, 2021
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