I tried some searches for this but didn't really get what i needed.
Been in Dubai 3yrs, last 12 months have been tough spent about 8 months of it out of work. Needless to say I ran up quite a bit of credit card debt due to basically well living on them for most of the time.
Working again now and its going ok however as it stands I don't think i'll ever be able to pay off te debt due to the amount. I'm paying around 7000 aed a month in credit card repayments (the 5%) and have 3 payments of 3000 Aed left on a loan I took out when i very first arrived.
This is the problem i can't see how i'm going to be in a position to pay off the CC debt, I owe around 140,000 AED in total on the cards, even working i still can't see a way to get rid of the debt.
Is there any way I can apply to have the debt reduced or written off in part? (i bank with HSBC), i've never missed a payment on either the loan or the cards but need to have a plan in place to get out of debt as its crippling having to pay the 7000 AED per month in a minimum payment, its really getting me down as I don't do anything just work and sit at home as i can't really afford to do anything.
Is the anything the bank can do??