Questions & Answers
Facing a criminal case after defaulting on a bank loan
Hello Madam,
I have the criminal case against me due to the cheque bounce for the amount of 207,000. I was jailed for one day and later I have been to the court and paid the penalty of AED 10,200
I was paying the loan on time and I lost my job suddenly and my outstanding money with the bank was AED 33,000 debited and my EMI was 4,967.
I was jobless for six months and came back to the UAE again and wrote a mail on the situation and told that once I will get my salary I will pay.
But the bank has deposited my cheque and got bounced. Now the collection department is calling me daily to close the amount. My outstanding is only 90,000 but they are asking for 104,000.
They want to put a civil case against me. Is this possible?
Kindly give me the solution, how can I handle this situation or should I wait for the civil case and let the court decide?
Thanks & Regards
C. A.
Dear questioner,
Instead of talking to the collection agent (who will definitely try to take the maximum benefit out of you), it's better to wait for the civil case.
Let the court decide on the final liability and the instalment.
If need be, kindly contact us by phone for a detailed discussion or write to us at our email for further assistance.
