Personal loan: Outstanding balance is approximately Dh364,470 and monthly payments of Dh9,850
Credit card 1: Outstanding balance is Dh14,995 and a minimum monthly payment of Dh1,000
Credit card 2: Outstanding balance of Dh35,373 and a minimum monthly payment of Dh3,500
Credit card 3: Outstanding balance of Dh10,500 the bank is taking Dh1,750 per month
I have requested the banks to reduce my monthly instalments as they total Dh16,100 a month, but they are ignoring my requests. I have started missing payments and they are threatening legal action. Now that my salary is Dh16,500, I can afford to pay a total of Dh6,000 towards all of my debts, which would allow me to continue to support my family and pay for my living expenses in the UAE.