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Can you Leave the UAE with an Unpaid Mortgage?
- June 1, 2021
- Posted by: Sarbavoum Bidhar
- Categories: Financial Services, home loan repay, Mortgage Debt Management
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Difference Between Fixed and Variable Rate Mortgages
- May 25, 2021
- Posted by: Sarbavoum Bidhar
- Categories: Financial Services, home loan repay, Mortgage Debt Management
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Why is This a Good Time to Renegotiate your Mortgage?
- April 29, 2021
- Posted by: Minhaj Mehmood
- Category: Uncategorized
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Unable to pay off your Home Loan? Tips to Renegotiate with the Bank to Lower the Debt Payments
- April 20, 2021
- Posted by: Minhaj Mehmood
- Categories: Financial Services, home loan repay, Mortgage Debt Management
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5 Ways to Better Manage Home Loan EMIs
- April 5, 2021
- Posted by: Minhaj Mehmood
- Categories: Financial Services, home loan repay, Mortgage Debt Management
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Tips to Make Mortgage Debt Management Easier
- February 9, 2021
- Posted by: Jaya R
- Categories: Financial Services, Mortgage Debt Management
The debt trap is a reality. It was evident in a recent Standard Chartered survey published in UAE’s leading newspaper in December 2020. [MK1] In the survey, millennials (aged 25-44) were asked what they would do if the government gave them Dh 5,000 without any obligations. An overwhelming 45% of respondents said they would use the money to pay off debt or cover living expenses. Nearly 34% of the millennials said their borrowings have increased over the past month.
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How to Manage Overwhelming Loans or Debt during Pandemic
- February 1, 2021
- Posted by: Jaya R
- Category: Uncategorized
Undoubtedly, the COVID-19 pandemic has unexpectedly saddled many people with debt. According to a recent survey by Standard Chartered, managing money became challenging for 74% of people in the UAE since the COVID-19 outbreak. Notably, things became difficult for millennials (aged 25 to 44), with 78% struggling with money management issues.
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How to Get Out of Debt in 7 Easy Steps
- January 21, 2021
- Posted by: Jaya R
- Category: Uncategorized
Being in debt is not a pleasant situation. In particular, job losses or pay cuts caused by COVID-19 has made things more difficult for households. However, everyone should aspire to become debt-free. While it may look complicated, it is not impossible.
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How to Cope with Debt in the UAE After a Lay-off or a Pay Cut
- January 11, 2021
- Posted by: Jaya R
- Category: Uncategorized
Just like every other country, the COVID-19 pandemic hit jobs and incomes of people in the UAE. Estimates by Oxford economists suggest the UAE could lose 900,000 jobs due to the COVID-19 pandemic. According to an October 2019 survey by recruitment firm Robert Half,[MK1], more than 50% of the UAE’s population was earning less than their regular income.
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Debt Effects-Making Sense of Cents- Loan restructuring program
- December 28, 2020
- Posted by: Jaya R
- Categories: Financial Services, home loan repay, Loan restructuring program, Mortgage Debt Management
Let’s face it – with the rising inflation and cost of living, it’s not unusual to find oneself in a debt trap. Unforeseen circumstances like a salary cuts, job loss, delayed receivables, can make it even more challenging for borrowers to manage their big-ticket debts such as a Home Loan. According to a survey, three out of every five UAE residents are debt laden.
