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Abu Dhabi, UAEThursday 19 July 2018

Business Extra podcast: The Debt Panel, clampdown on bank fees and financial literacy

We speak to Sumera Hasan, who was able to clear debts of Dh90,000 after contacting The National

It's been two years since the launch of The National's regular Debt Panel series. The feature has enabled numerous readers to deal with a wide range of personal finance issues. Silvia Razgova / The National
It's been two years since the launch of The National's regular Debt Panel series. The feature has enabled numerous readers to deal with a wide range of personal finance issues. Silvia Razgova / The National

Host Mustafa Alrawi and personal finance editor Alice Haine mark two years of the weekly The Debt Panel column and speak with reader Sumera Hasan about her ultimately successful five-year ordeal with personal debt.

We also discuss new rules from the Central Bank capping how much lenders can charge customers for their services and products. They also explain the importance of developing money management skills no matter how much you earn.

Listen below, and subscribe to the Business Extra podcast for free on Apple Podcasts here.

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Read more from personal finance:

The Debt Panel: Single mother of four is being hounded by debt collectors over Dh43,000

It is possible to restructure debt directly with UAE banks, a Sharjah resident reveals how

How an Abu Dhabi resident took three UAE banks to court and cleared Dh700,000 debt

How to file a case against your bank over escalating credit card debt

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