Questions & Answers
A settlement includes accumulated interests and fines by a bank. What to do?
Dear sir/madam,
I got a personal loan of 230,000, and paid 35 installments out of 48 installments about (209,000 DHS) but failed to pay further due to the loss of my job.
The bank deposited the guarantee check and filed a criminal case. The penalty was paid and the criminal case was released. Now the bank is asking for a settlement of 105,000 which includes accumulated interests and fines otherwise threatens to file a civil case.
What is the amount I am liable to pay by law if they file a civil case? What is the best solution?
Dear questioner,
The best solution would be settling as the bank will have the judgment in its favor for sure if it chooses to go to court.
That means that you will also have to pay legal expenses. So the best advice we can give you is to negotiate the best settlement and sign one with the bank.
For more information, please contact us via phone or WhatsApp.
Hello,
If they open a civil case, you can ask the court or provide an expert report in the case with the recalculation and exempting the other service charges and interest.
