Almost 75% UAE residents in debt to banks

Tuesday, 24 November 2015 14:28

Some 73% of UAE residents are in debt to their banks. That’s the latest figure to come from a compareit4me.com survey, which reveals credit cards top the list at 57.2%. Of those polled, 45% admit dealing with their debt is highly stressful but almost all are planning to spend more as the festive season approaches. The report also details how 15.8% of respondents have made late payments, or even missed them completely. Jon Richards, CEO of compareit4me.com, shares how banks in the UAE are adjusting to assist consumers with bad debt.

Listen

More from Local News

Dubai welcomes over 629,000 travellers during Eid holiday

Dubai recorded a busy Eid Al-Adha holiday, with over 629,000 travellers passing through its entry and exit points between June 5 and 8.
Sheikh Abdullah meets US counterpart in Washington DC

Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, held talks with US Secretary of State, Marco Rubio, during a working visit to Washington DC.
UAE condemns attack on military site in Chad

The UAE on Wednesday condemned the "terrorist" attack that targeted a military site in Chad, which resulted in the deaths of a number of soldiers.
UAE President holds talks with Qatar's Prime Minister

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held talks with Qatar's Prime Minister and Minister of Foreign Affairs, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, at Qasr Al Bahr in Abu Dhabi.
UAE astronomers detect exoplanets orbiting distant stars

Astronomers in the UAE have detected exoplanets orbiting stars far beyond the solar system, the Abu Dhabi-based International Astronomy Centre announced.
Emirati awarded Australian military honour for first time

Australia has awarded UAE Staff Major General (Ret.) Mubarak Ali Al Neyadi with the Australian Military Medal, making him the first Emirati to receive the honour.
UAE looks to boost child welfare awareness in state institutions

The UAE has ramped up its efforts to ensure child protection mechanisms adhere to international standards by improving awareness and training within institutions.
Over 7.5 million riders use Dubai public transport during Eid

Dubai’s Roads and Transport Authority (RTA) has reported a sharp rise in public transport usage during the Eid Al-Adha holiday.

Recently Played

Latest Blogs

PINOY BULLETIN: JUNE 09 - 13, 2025
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
PINOY BULLETIN: JUNE 02 - 06, 2025
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
PINOY BULLETIN: MAY 26 - 30, 2025
Pinoy Expat Corner

Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.

Almost 75% UAE residents in debt to banks

More from Local News

Recently Played

Latest Blogs

Our Shows

Quick Links

Listen on the Go

Almost 75% UAE residents in debt to banks

Share

More from Local News

Recently Played

Latest Blogs

Our Shows

Quick Links

Listen on the Go