Questions & Answers
The possibility of lowering the outstanding bank loan upon settlement
Hello,
I left the UAE more than a year ago after losing my job and leaving behind a pending amount of AED 400K from a personal loan at a bank (a police case and a ban is already in place), of course.
Now, the ACC is showing a higher amount due to fees. However, I was told that banks might consider settling the matter for lower amounts of the pending.
Therefore, I am wondering if someone has experience in negotiating these bank debts in the UAE, and if that information/possibility is true.
Thank you in advance for your time and support!
Dear questioner,
We can help you in negotiating with the bank for a settlement.
Kindly contact us directly for a detailed discussion.
If need be, kindly contact us via phone for a detailed discussion or write us an email for further assistance.
Dear client,
Thanks for your query!
I hope you are fine. I will definitely help you in this case. Can you please give me the case and police station details?
Option1: I can talk to the concerned bank on your behalf.
Option 2: If the case is already filed and the amount is less than 200,000AED, we can pay a fine and clear the case.
For further information, you can contact us via phone or email. We have a good team of Local Emirati Lawyers to handle all kinds of cases.
I am happy to help you. You can fix a personal meeting at our office and it can be attended by any of your representatives or you can talk to me Via BOTIM or ZOOM.
Thanks and Regards!
ABDUL WAHIED
Dear client,
Good day!
We can definitely negotiate with the bank.
First, we will see how much the amount is, etc. We can go on for a negotiation with the bank. We can put a payment plan with the bank for the period of time which is acceptable for you and we proceed accordingly.
For further assistance, please feel free to contact us via phone or email.
Thank you!
