아세안

Sydney Dorairaj took out his first loan in March, the same month he arrived in Dubai.

Now just eight months, another loan and five credit cards later, the accountant, who earns Dh7,000 a month, is using Dh6,500 of his income to cover the repayments for his debt.

In total he now owes more than Dh130,000 – including Dh70,000 on a personal loan with ADCB, another Dh25,000 personal loan from Dunia Finance, Dh12,000 on an HSBC credit card, Dh6,000 on a credit card from Dunia Finance, Dh7,000 on a credit card from RAKBank, Dh6,000 on a credit card from HSBC and Dh8,000 on a credit card to FGB.