How Eltezam helps customers pay off their debt

Ahmed's journey to financial freedom

Ahmed, a 35-year-old engineer living in Abu Dhabi, found himself in significant debt due to a combination of personal loans and credit card spending. He felt overwhelmed and anxious about his financial situation.

‍Ahmed's steps

• Assessment: Ahmed began by listing all his debts, including the amounts, interest rates, and minimum payments.
• Seeking help: Ahmed received a notification from Eltezam and contacted them for assistance.
• Budgeting: He created a detailed budget, cutting non-essential expenses and redirecting the savings towards debt repayment.
• Repayment plan: With the repayment options provided by Eltezam, Ahmed set up a manageable payment plan to pay off his debts.

‍Within three years, Ahmed successfully paid off all his debts. He now maintains a strict budget and has built a substantial emergency fund, thanks to the structured repayment plan facilitated by Eltezam.

Fatima's path to debt repayment

Fatima, a 28-year-old teacher in Dubai, accumulated debt from student loans and credit cards. The debt impacted her mental health, causing stress and anxiety.

‍Fatima's steps:

• Debt management plan: Fatima contacted Eltezam to explore her repayment options and create a structured debt repayment plan.
• Mindfulness: She practiced mindfulness and stress-relief techniques to manage anxiety related to her debt.
• Cutting costs: With guidance from Eltezam’s repayment plan, Fatima moved to a more affordable apartment and reduced discretionary spending.
• Education: She educated herself on personal finance, attending workshops and using resources recommended by Eltezam.

‍Fatima paid off her student loans and credit card debt within four years. She now feels more confident about her financial future and is actively saving for her own home, thanks to the repayment plan set up with Eltezam.

Rashed's debt consolidation success

Rashed, a 42-year-old small business owner in Sharjah, faced financial difficulties when his business revenues dropped. He had accumulated debt from business loans and credit cards.

Rashed's steps:

• Seeking advice: Rashed contacted Eltezam and was guided through the available repayment options.
• Expense management: He reviewed his business and personal expenses, cutting unnecessary costs.
• Increased revenue: Rashed focused on new business strategies to increase revenue, which was part of his financial recovery plan.

‍Rashed managed to pay off his consolidated debt within five years. His business is now thriving, and he maintains a healthier financial position, thanks to the repayment plan facilitated by Eltezam.

Laila's structured repayment strategy

Laila, a 30-year-old marketing professional in Dubai, accumulated debt from medical expenses and credit cards. She felt trapped and unsure how to start repaying her debt.

‍Laila's steps:

• Professional help: Laila reached out to Eltezam to understand her repayment options.
• Structured plan: With the repayment plan provided by Eltezam, she focused on paying off high-interest debts first.
• Side hustle: Laila started a side business offering freelance marketing services to boost her income.
• Automatic payments: She automated her savings and debt payments to ensure consistency.

‍Laila successfully paid off her debts within three years and has since built a solid savings cushion. She continues to run her side business and has improved her overall financial literacy, with the support of the repayment plan from Eltezam.

Mohamed's inspirational recovery

Mohamed, a 50-year-old accountant in Abu Dhabi, faced substantial debt due to unforeseen medical expenses and a downturn in his personal investments.

‍Mohamed's steps:

• Detailed financial review: Mohamed conducted a thorough review of his financial situation and contacted Eltezam to explore his repayment options.
• Cutting back: Mohamed significantly cut back on non-essential spending and renegotiated his utility bills and other recurring expenses.
• Support network: He engaged with a support network of family and friends who encouraged him and provided occasional financial help when needed.

Within four years, Mohamed had cleared all his debts. He now advocates for financial education and supports others in his community facing similar challenges, sharing how Eltezam’s repayment options helped him regain control of his finances.

How Eltezam Can Help

Eltezam, a debt collection agency in the UAE, offers various options to help you manage and resolve your debt. By exploring payment plans and receiving structured support, you can take control of your financial situation and work towards becoming debt-free.

These success stories highlight the importance of taking proactive steps to manage debt. By learning from their experiences and working with Eltezam’s repayment plans, you can find the motivation and strategies needed to tackle your own financial challenges and achieve a debt-free future.

‍