Am I about to lose everything?
THERE are times when I forget that I’m not living a normal life. I go about my daily chores, socialise with friends and family and make plans for the future but, just as I am starting to breathe easy, reality steps in and bursts that bubble with an oversize very sharp pin.
My heart rate increases, my body tenses, I get that sinking feeling in the pit of my stomach and I remember that I am, in fact, living a life filled with stress, desperation and fear. I’m unemployed with no prospect of finding employment in the foreseeable future and have a crippling amount of debt that very few people know about.
The harsh reality of my situation is that I am now in serious trouble. Until recently, I was able to service a small portion of my debt on a regular basis. Those who shouted the loudest got paid, but, now, with all my funds depleted, those who shouted the loudest are now starting to get nasty and there seems to be no way out for me.
The banks don’t understand when I tell them that I have no money to make the payments. When I tell them that, their response is simply that I should find it. From where, I wonder? I’ve begged, borrowed and scraped together all the money I can and now I have nothing left to give.
Despite my credit shield insurance claim being approved, the bank concerned continues to push for the arrears. I am now only two installments behind but, if I don’t make another payment within the next day or so the bank is threatening to cancel the insurance, present my security cheque and file a police case.
At this stage, I have no way of knowing whether they are just threatening or whether they are being serious and, as I have no way of raising the money needed, I’m about to throw up my arms in surrender and just let them do what they want.
Now would probably be the time to run, but I can’t even do that anymore. Not only do I not have enough money for an air ticket out of here, but I am unable to pay the penalties due for overstaying on a cancelled visa and I don’t know if any of the banks have placed a travel ban on my passport.
While doing this, I came across a number of posts from people in similar positions to me and I can’t help but wonder why the banks continue to be so short-sighted. When are they going to realise that they have a far better chance of recovering their money if, instead of threatening and bullying, they simply took the time to understand their debtors’ circumstances and, where possible and within reason, tried to help them?
Surely, it’s a no brainer – the bank gets its money and the debtor manages to live a somewhat normal life.
Unfortunately, I think that until the government introduces measures to protect debtors this problem is never going to be resolved.
At this point, I am the closest I have ever been to losing everything that is important to me – including my children. I am scared and I am tired. Tired of life, tired of fighting, tired of feeling discouraged and helpless and I quite simply don’t know what to do any more.
Pic credit: Ambro/ FreeDigitalPhotos.net
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