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Are you finding it tough to survive because of the burden of loans?
How do you cope? We would like to hear your views.
Tell us at readers@gulfnews.com or post your comments in the box below.
Your comments
When taking a credit card the bank started charging me credit shield insurance and I objected but they explained that in case of loosing my job, I need not have to pay the outstanding. But unfortunately when I got terminated from the job, the bank started calling me home for the outstanding bills. It's ridiculous. Now I am planning to go to Qatar or Kuwait as the bank have told me that they have put a travel ban on me. Readers please think ten times before taking a credit card. Please.
Padmaraaj
Bombay,India
Posted: July 03, 2008, 08:46
Best is to avoid loans, if you are already in the trap be clever visit your bank from time to time and gather complete details. Don?t ever give chance to your bank to make more money out of you. Pay regular and in time installments. We have to be very smart to find the way out of loan cave.
Ahmed
DUBAI,UAE
Posted: July 03, 2008, 08:35
I have Learnt my lessons...!
I have promised myself that I will never take a loan in future after I clear my loans. am trying to clear it since 3 yrs
Mazhar
Abu Dhabi,UAE
Posted: July 03, 2008, 08:26
It's difficult to survive without loans today. I have 2 loans-one on my luxury car and one on my credit card. Yes, I pay the debt on my credit card using a loan! It's a fact that as the income increases the cost of living is proportionally increasing as most of the people like to have a better standard of living.
victor
Dubai,UAE
Posted: July 03, 2008, 02:16
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