Debt Repayment is a worry, but not a deliberate attempt by the people to default on loan payment. We all could get into some form of financial debt at once in our lives. For this, it is true that some...
When a cheque bounces in the UAE, this happens to bring legal complications for the person in the picture. Today, it comes under the list of criminal offences, and we are here to unwind the legal side...
Ideally, people ensure their loan commitments are at manageable levels as a percentage of their salary. However, with COVID-induced pay cuts, some people are paying as high as 80% of their salaries to...
People in debt have many questions and doubts about getting freedom from debt. Things get particularly difficult when incomes are affected, as is the case with COVID-19-related job losses or pay cuts....
Most people take a mortgage loan with the intent of paying it off fully and taking possession of their property. However, there are scenarios when the repayment of a mortgage loan becomes difficult. F...
The past few months have been the best time for those looking to refinance their mortgages. The UAE’s Central Bank has taken a lot of measures to help banks deal with the economic shock from COVID-19....
The impact of COVID-19 on the UAE’s economy is real. According to Oxford Economics’ estimates, UAE can lose 900,000 jobs and see 10% of its residents leave the country. Many of those who are fortunate...
[vc_row][vc_column][vc_column_text]The year 2020 was financially difficult for a lot of people due to job losses and pay cuts. According to the World Bank, UAE’s economy had contracted by 6.3% in 2020...
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 e...