Counting the cost of personal debt in the UAE
Hundreds of readers have written to The National to share their financial woes, following a series of articles in the Money section about worrying levels of personal debt in the UAE. The reason why UAE residents are building up such alarming liabilities is the lack of knowledge about the sky-high credit card interest rates in the country. According to a recent Compareit4me.com survey, about two-thirds of credit card holders are unaware of their card’s interest rate.
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