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Took loan from dubai bank dont have sources to return what to do?


17-Feb-2023 (In Recovery Law)

Hi, I used my dubai FGB credit card for 16000/- Dhs. but unfortunately I lost my job and came back to India in October 2015. I am trying to get a new job in UAE to pay back those outstanding amount. In the mean while recovery agents from india calling me and always I am attempting their call. now they are telling that 21000/-dhs I need to pay. But as per my jobless situation I can pay 8000/-dhs by selling my assets. I explained them regarding this, But they are not accepting. could you please help me to fix this issue.

Answers (1)

Answer #1
81 votes

You can seek time to pay off the debt from the bank on your personal accord or settle the claim amicably by seeking a waiver but the Bank can proceed against you legally in the court of appropriate jurisdiction.  

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