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Showing posts with the label credit cards

Negotiation: The Path to a Solution

It is a landmark story for remedial consultants. A Filipina's nightmare was over through the intervention of Gulf Law headed by Atty. Barney Almazar . The Gulf News story written by Janice Ponce de Leon has a very huge impact -- Debt Settlement:  How a Dubai Filipina paid off Dh1.7 million debt with Dh15,100 This is very inspiring as many people feel depressed with the debt bondage at different stages. How many stories are hidden in the cemeteries as hopeless debtors claimed their lives because their minds and hearts could not take the harassment of credit collectors? The subject requested to hide her identity, which I think is better than announcing it publicly to protect her and her family interest. In addition, many more people who suffer from the same ordeal will have the courage to go out from the darkness and seek the right solutions to their problems. One is to find the right person or entity to negotiate with lending institutions or banks. Andrea (not the true n...

Practical Initiative: Loans Waived

To truly live the meaning behind the celebration of 2019 as the Year of Tolerance in the United Arab Emirates (UAE), some practical initiatives are swiftly acted on. For one, as published in Gulf News on 23 February 2019, AED361M loans of 3,310 Emiratis were waived, in cooperation with some local banks . According to general-director of the Crown Prince Court of Abu Dhabi and chairman of the Supreme Committee of the Debt Settlement Fund Jaber Mohammed Ganem Al Suwaidi,  "it aims to make tolerance a sustainable institutional work expressed through practical initiatives". I respect the government led by the President His Highness Shaikh Khalifa Bin Zayed Al Nahyan more for this. I just wish that the local banks will embrace more practical initiatives in handling the loans of people of other nationalities, in observance of the Year of Tolerance. If you watch "Heal" on Netflix , you will understand that stress is the root cause of most illnesses these days. Im...