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

High-level Saudi delegation offers condolences to H.H. Sheikh Mohammed

His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, received condolences from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, on the passing of Sheikh Ahmed bin Rashid Al Maktoum.
UAE condemns attacks in Ethiopia, urges de-escalation

The UAE has strongly condemned recent attacks by the Tigray People's Liberation Front (TPLF) and allied armed groups against Ethiopian federal forces, as well as the seizure of airports in the Tigray region and the escalation of fighting in the neighbouring Afar and Amhara regions.
UAE strengthens focus on early childhood, family wellbeing

The UAE is launching a nationwide initiative to help families support children's learning, development and wellbeing during their most important early years.
17 tanks seized in Dubai for illegal waste disposal in first half of 2026

A total of 17 tanks were seized for the illegal disposal of harmful materials during the first half of the year, Dubai Police announced on Friday, adding that 18 suspects were detained.
Dubai Municipality records over 2,000 violations in residential areas

As many as 2,395 violations in unauthorised construction and illegal occupancy in residential areas have been recorded in the first half of 2026, Dubai Municipality announced, adding that strict action has been taken against 466 cases.
UAE announces suspension of Iranian airlines' flights

Flights operated by Iranian airlines to and from the UAE have been suspended until further notice, according to the General Civil Aviation Authority (GCAA).
Sheikh Abdullah discusses enhancing humanitarian response at UN

Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has looked at strengthening international humanitarian response during talks with Mirjana Spoljaric Egger, President of the International Committee of the Red Cross (ICRC) in New York.
Saudi Crown Prince offers condolences to H.H. Sheikh Mohammed

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, has offered his condolences to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on the passing of the late Sheikh Ahmed bin Rashid Al Maktoum.

Recently Played

Latest Blogs

Pinoy Tribe with the Filipino Attack Force - Underwater hockey players
Pinoy Expat Corner

What exactly is underwater hockey? How is it played?
Pinoy Bulletin - September 14 - 18, 2026
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!
Pinoy Tribe with UAE MTB Jumeira
Pinoy Expat Corner

Why did they choose mountain biking as their sport? What makes mountain biking different from regular road cycling?

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