About 8 of 10 UAE residents are in debt | Economy | Saudi Gazette

About 8 of 10 UAE residents are in debt | Economy | Saudi Gazette:



"Almost 8 out of 10 people in the UAE are indebted to their banks, with more than a quarter of respondents admitting to missing a payment or making a late payment on their existing loans,  a new survey showed.  
  



Around 77 percent of respondents confirmed that they have some form of debt with UAE banks, according to a survey carried out recently by a UAE-based finance comparison website.
 



More than half of the respondents of the online poll run by compareit4me.com said they have a credit card loan (54.7 percent), followed by personal loans (43.6 percent), car loans (12.6 percent) and mortgages (4.1 percent)."



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