Jobless after loan default: What can the bank do & what are my options?

Dear Sir/Madam,

If the bank believes you are intentionally avoiding payment, they can file a lawsuit against you, such as for a bounced cheque or debt recovery.

This may result in a travel ban, arrest warrant, and, in some cases, the seizure of assets. It is advisable to negotiate with the bank for a payment plan and a possible reduction in the amount owed.

We can assist you with the negotiations.

Please share your WhatsApp number for further discussion on the matter.

Dear Client,

Thanks for your question! I hope you are doing well. I will assist you in this matter.

If you have outstanding debt and are unable to make payments, the bank may take legal action to recover the amount owed.

This can include filing a case against you, and if a judgment is obtained, they may seek to seize your assets or garnish your wages if you secure employment in the future.

It's important to communicate with the bank, explain your situation, and try to negotiate a repayment plan or settlement that you can afford.

For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.

We will be happy to help you.

Thanks & Regards,

ABDUL WAHIED

Dear questioner,

Thank you for your query!

The bank can engage a debt collection firm to pursue the debt against you and has the full right to file a civil or criminal case, depending on whether you had submitted any security checks previously that bounced.

This may lead to a travel ban being recorded on your records in the UAE.

A solution would be to negotiate with the bank in regards to the repayment terms of your loan, to come to a mutually beneficial payment plan.

Otherwise, it may be helpful to get legal assistance from a debt collection firm that can pay the loan off for you, and for you to repay them in installments.

However, with this option, you must be well informed of your rights and should read through the terms/conditions of this arrangement very closely.

Please feel free to contact me via email for any assistance.

Thank you!

Dear Questioner,

The bank has the right to file a case and request a travel ban, and the judge will agree.

Your options are to ask the judge to pay the amount in installments.