“Dear Steve,
I live in UAE and got myself into serious financial turmoil. I have loans and credit cards and not enough to pay for them. I need some serious advice and help. I am basically looking to merge my debts into one big ball and have someone buy it out for me. I can repay back the amount over 6-7 years on a monthly basis.
Do you know of someone (individual) or firm than can assist with my financial situation?
DW”
The Answer:
Dear DW,
I know of no reputable lender in the UAE that would do such a thing. But I have heard several stories from people searching for a debt consolidation loan from the UAE on the internet only to run into scammers promising them loans but first they have to pay a fee. This is an age old scam where desperate people fall prey for the up-front fee scam.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.