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.
Eligibility criteria for Mortgage Debt Management in the UAE
- June 1, 2020
- Posted by: Minhaj Mehmood
- Category: Mortgage Debt Management
Countries across the globe are facing economic ramifications due to the current COVID19 (Novel Coronavirus) outbreak. Even with well-measured steps by the government to contain the economic breakdown, in the long run, the fear of salary cut and job loss can be an important factor for individuals with Mortgage Debts. During such a crisis, many borrowers might be tempted to relocate or go back to their country to avoid repaying Mortgage Debt. Let us tell you that no matter how attractive it may sound, fleeing the country isn’t the right option.