I need some advice about my personal finance situation. I work for a company in Dubai, which has not paid my monthly salary of Dh14,000 since January. They put me on unpaid leave from April 2020 and there is no sign of going back to work in the near future.
I have six credit cards and a personal loan with different banks, which I managed to keep paying with my savings and help from family until April. I am on payment plans for some of them, and have also been given between one and three-month deferments from April because of Covid-19.
My debts are:
- Loan: Dh88,456 (Dh3,400 monthly instalment)
- Credit card 1: Dh18,418 (Dh1,800 monthly instalment)
- Credit Card 2: Dh35,074 (Dh3,000 monthly instalment)
- Credit Card 3: Dh52,841 (Dh2,650 monthl…
Read the full article at: https://www.thenational.ae/business/money/the-debt-panel-i-haven-t-been-paid-since-january-how-can-i-apply-for-personal-insolvency-1.1062295
