80% of bank's clients were become defaulters since the global economic crisis has attacked Dubai, United Arab Emirates where 70% of the population were expatriates. Meaning, if you lost your job, your visa will be cancelled and the rest is history.
These are the solutions to your debt problems:
1. If you are still in UAE, having a job, working in the same company but has a difficulty of paying your debts due to salary reduction or any other reasons, you may consult the ISDM (International Swiss Debt Management) They will help you negotiate with the banks to reduce your monthly payment. Don't be afraid to contact them. They are real and they are not scam.
2. If you loose your job and you are confident that you can still find a job, then you stay in UAE but there will be chance that after how many months of not being bale to pay your monthly debts, bank harassment will follow which will truly caused you depression, humiliated and the like. And it is not a joke.
3. If you loose your job and you are not confident you will be properly compensated in your next found job, go back to you home country and start a simple living there because once you decide to stay in UAE and eventually realizes that you couldn't afford the cost of living with debts on the other side, your life will be more miserable as banks has reported your bounced cheques and all problems will follow.
Tuesday, June 8, 2010
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