Questions & Answers
How to settle a bank loan properly from abroad
Good morning,
I have defaulted on a credit card/loan debt totaling 133.000 DHS for the last 15 months. I would like to clear this debt, but I am not sure of the best way to do so.
My end of service gratuity would be mostly absorbed by this debt, but it has not been processed by my former employer, as they said that my resignation was not received or was received after the resignation window.
They ordered me to return to work and I could not, so they terminated me for abandoning my job. My bank demanded full payments, but I could not maintain them at the time.
After a few months, I received a notice with threats of a criminal case, so I did not return to the UAE to try to sort my out processing to receive my EOS.
I received an email from a debt collection agency and want to know if it is best to try to negotiate affordable monthly payments through them or with the help of legal representation.
Dear Questioner,
Based on our history, do not deal with any debt collection agents out of the bank due to the fact that it could be a fraudulent way to get money from you, so you have to take care.
What we recommend you is to issue a POA to us in order to be able to act on your behalf and check your criminal cases system in the UAE.
If you are clear, you can enter the country, approach the bank directly without mediation, and discuss rescheduling the loan to pay monthly.
If you are interested in the aforementioned, please feel free to contact us via email.
Thanks!
