Questions & Answers
I took a loan on my name for a friend and he stopped paying. What can I do?
Dear Advisor,
One of my friends was working in the banking sector. One day he asked me to take a loan of AED 100,000, also he used all my credit cards.
And he promised to pay every month. I took a loan for him. After 2 or 3 months, he stopped paying the dues, and several times I requested to pay but he didn't pay.
Finally, I paid all the money, more than AED 200,000. One day he agreed to pay AED 4,000 every month and settle my money and stopped paying that also after 1 year.
Now, he is not responding and changed his contact number, I don't know where is he now!
Can anyone advise me on how to get my money back?
He gave me a cheque. When I talked to him last time he said he lost his job also.
There's now around AED 147,000 balance.
Dear querist,
Please tell us if you have already bounced the cheque and what is the value or if it is an undated cheque.
For more information, kindly contact us by phone.
Thank you
You can immediately file for an execution case & travel ban as you have a cheque. Act before it's too late.
Kindly call or email us.
As long as you have a cheque with the mentioned amount, then you should start the case procedure against him.
Hi,
Thank you for connecting with us. We can help you file a civil case against him to recover your dues.
Please arrange to provide us following information:
1. Name;
2. Contact No.; and
3. Email ID.
Alternatively, you can contact us on the phone or by email.
