Questions & Answers
Is it advisable to take the bank offer of 50% discount to pay the full debt?
I would like to know about my issue:
The bank sent me an email for a cheque execution notification case, an arrest warrant is in process and a travel ban is active.
I have a personal loan of AED 50,000, two days after receiving the email, the bank called for a 50% discount for them to stop the case but I have to pay the full amount, a one-time payment.
Since I cannot source this amount, I requested if they can offer installments but they refused and said they will proceed.
At the moment, I still haven't received any sms or email from Dubai Courts. I am worried about the warrant.
Please help. What should I do?
Good morning Sir,
Don't worry, we can resolve your issue with the bank and remove the travel ban and arrest order.
For more information, please call us.
Dear C.,
Good day!
If the bank is offering a 50% discount, it means it is advisable to settle.
However, if it is not possible from your end, it means you may defend the case before the court and you can request to pay in installments.
Should you require any legal assistance, feel free to contact me by phone or email.
Maryam Al-Yassi Advocates & Legal Consultants
