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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
No CommentsJust 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
- December 28, 2020
- Posted by: Jaya R
- Category: Uncategorized
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.
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How to manage overwhelming Loans. Here are some solutions
- December 16, 2020
- Posted by: Jaya R
- Category: Uncategorized
The unforeseen circumstance like the pandemic has made a treacherous impact on the financial planning. The drop-in income due to delayed receivables, reduced salaries, job losses, rental yield has created a cash crunch situation.
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Managing Mortgage Debt During Covid-19
- December 9, 2020
- Posted by: Jaya R
- Category: Uncategorized
The Covid-19 pandemic has had a devastating impact on the economy, derailing many of our financial plans as well as the ability to pay home loans. The situation has become even more challenging due to drop in property values, rental yield, the salary cuts, loss of jobs, as well as income losses for the businesses. The long-term effect related to Mortgage Debt is beginning to be damaging.
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Streamlining Your Mortgage Debt Obligations through the Right Financial Planning
- November 18, 2020
- Posted by: Jaya R
- Category: Uncategorized
When it comes to necessity, Mortgage Loans are an attractive option to purchase a dream home. But It’s not uncommon for a borrower to hit a roadblock in paying off the Mortgage Debt.
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How to avoid falling into a Mortgage Debt Trap
- October 22, 2020
- Posted by: Jaya R
- Category: Uncategorized
According to a survey, 47% of the UAE’s population is laden by Debt. One of the biggest contributors to individual debt is Home Loan. Most people equate rental expenses with the monthly loan payment and end up falling into a Mortgage Debt trap. But mortgaging comes with its own set of costs.
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Maintain Your Credit Score through an Efficient Debt Management Plan
- October 10, 2020
- Posted by: Jaya R
- Category: Uncategorized
Unpaid Mortgages can be daunting. They will haunt you until you work out a solution. And in most cases, they may still follow you around in the form of damaged credit scores that creditors will use against you to deny you a new line of credit.
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Managing Mortgage Debt during challenging economic situations
- September 23, 2020
- Posted by: Jaya R
- Category: Uncategorized
The economic activity has been stalled globally due to the unforeseen circumstances caused by the COVID-19 pandemic. The magnitude of such a devastating impact can easily derail the financial plans as well as the ability to pay-off mortgages. The situation has become grim due to the salary cuts, loss of jobs, as well as income losses for the businesses. The long-term effect related to Mortgage Debt is beginning to manifest on many people.
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Options to help you Tide Over your Mortgage Debt – All you need to Know!
- September 10, 2020
- Posted by: Jaya R
- Category: Uncategorized
The COVID-19 pandemic has thrown us into another global financial crisis. Many people in the UAE have lost their jobs, have had pay cuts, or suffered immeasurable losses. Those who had taken out a mortgage were pushed into a highly precarious situation.
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Know how the UAE Economic Stimulus Package can help in meeting your Debt obligations
- September 2, 2020
- Posted by: Jaya R
- Category: Uncategorized

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