GN Focus published an article on money tips that can help you if you lose your job in the UAE. Ambareen Musa, CEO and Founder of Souqalmal.com, advises on the things you can do to handle the situation.
Musa advises looking at repayment strategies such as debt stacking (when you pay back the most expensive loan first) to lose debt quicker. “Figure out which strategy works for you best, keeping in mind the money you have available.” Musa also advises checking if your loan terms can be modified if you’re facing difficulties making regular repayments. “You will find that many banks are happy to accommodate if you have had a good credit history with them.”
For full article go to GN Focus