Questions & Answers
I took a loan from a bank and missed payments. How to make them accept settlement?
Hello,
I took a loan (60k) from a Bank in 2019 before Covid and was repaying until we were laid off from work due to Covid effects.
I wrote to the bank and informed them about it but continued repaying until mid-2021.
A few weeks back, I called the Bank and requested a settlement plan. I also informed them of my intention to return to Dubai.
They told me "they filed a case and if I want them to withdraw the case I should pay all the outstanding balance".
I offered to pay 80% and the balance later on condition that they withdraw the case. They refused.
What does the law say about it?
Thanks for your help.
Dear Questioner,
We have to check first the case filed against you. If the bank will not accept your settlement plan, we can request that from the court.
For more details, please contact us through the email address.
Are you sure the bank filed a case?
We can try to negotiate with the bank on your behalf.
But for that, kindly share the details of the bank, your current outstanding, and all communications you had with the bank in context with the loan at our email or call us.
Also, share your name & contact number.
