Ambareen Musa, the CEO of Souqalmal.com provided her expert insight on resolving personal debt issues.
According to the UAE Central Bank, the total value of loans to UAE residents, as of April 2016, stood at AED 339 billion. Whether it is out of sheer necessity, for investment purposes, or to simply improve your lifestyle, there is a dire need to prevent yourself from falling into an unhealthy cycle of debt.
Debt stacking is a loan repayment method that ranks your loans based on the interest rates, from highest to lowest, and helps you get rid of the most expensive loan you owe sooner.
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