PPRuNe Forums - View Single Post - Leaving the UAE with car and property loans outstanding
Old 20th Aug 2020, 07:40
  #18 (permalink)  
Fired600
 
Join Date: Jul 2020
Location: Changes
Posts: 217
Likes: 0
Received 0 Likes on 0 Posts
White Knight
I agree people should try and sort out their debts in an amicable way with the banks.

People ‘shouldn’t’ over extend themselves of course, but who takes a mortgage of however much if the have the money to pay for the property? If that were the case then no one under the age of 50 would buy a house and then what a fix the banking industry would be in.

The problem comes when people through little fault of their own have a large negative equity debt in their property and find themselves in UAE and stuck....then what do they do ?
Fired600 is offline