The Debt Panel: ‘I’m living hand to mouth and can’t clear my Dh5,200 car loan’ – The National

The Debt Panel: ‘I’m living hand to mouth and can’t clear my Dh5,200 car loan’ – The National

The Debt Panel: 'I'm living hand to mouth and can't clear my Dh5,200 car loan'. Court fees: Dh800 (related to the unpaid loan). I took on the car loan in April 2014 when I bought a 2008 Nissan Xtrail.. I was making the payments on time but stopped in 2018 because I was also paying off a personal loan that deducted Dh3,700 from my account.. Some of my debt was run up in the birth as I had an emergency Caesarean, which was not covered by insurance.. I'm struggling to meet my daily expenses and have also built up a credit card debt.. We borrowed money from friends, which we later repaid, so you can imagine that when all of this happened my plan to repay the car loan went to zero.. The car loan expired in April 2018, so the bank wanted the whole amount repaid instead of agreeing to settle on monthly repayments of Dh500, which I could have cleared by now.. The missed payments have now affected my credit rating so I have not been unable to take on more credit to clear the debt.. When I last checked my rating with Al Etihad Credit Bureau, my