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Old 01-28-2018, 12:21 AM   #1
Abcd_17
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Default Missing one payment

Hi had a dunia loan but currently i dont have any job yet.. i planning to miss one payment.. they can send me to jail for this one missed payment??? Because i am worried as i issued them a blank cheque and thinking that they will deposit it when i didnt pay even once. Please help me.
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Old 01-28-2018, 01:40 AM   #2
AFFA
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Default Re: Missing one payment

I wish to inform you that you may get in contact with Dunia Finance and try to resolve the matter. Dunia Finance may present your security check when you miss the payment. If it is not honored by your bank then Dunia Finance may file a complaint with the law enforcement agencies and/or proceed in the Civil Court.

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Old 01-28-2018, 04:21 AM   #3
Abcd_17
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Originally Posted by AFFA View Post
I wish to inform you that you may get in contact with Dunia Finance and try to resolve the matter. Dunia Finance may present your security check when you miss the payment. If it is not honored by your bank then Dunia Finance may file a complaint with the law enforcement agencies and/or proceed in the Civil Court.

AFF
Even one missed payment only??
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Old 01-28-2018, 01:36 PM   #4
adjusterjack
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Default Re: Missing one payment

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Originally Posted by Abcd_17 View Post
Even one missed payment only??
Depends.

What does your contract say about missing a payment?
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Old 01-28-2018, 03:45 PM   #5
Dontyouworry
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Originally Posted by Abcd_17 View Post
Hi had a dunia loan but currently i dont have any job yet.. i planning to miss one payment.. they can send me to jail for this one missed payment??? Because i am worried as i issued them a blank cheque and thinking that they will deposit it when i didnt pay even once. Please help me.
Relax. Dunia Finance or any bank in the UAE cannot benefit with anything if they bounce the cheque and file a case against the defaulter. They can only use that as a tool to threaten and get paid. Once they file a case of bounce cheque, defaulter comes out of situation with ease and banks or financial institution will never want such to happen. Just relax and take your time to pay before 90 consecutive days of non payment. If they bounce the cheque it is going to be their loss as legally one cheque cannot be bounced again once it is done already. The cheque security cheque bounce case is just a misdemeanor petty case which is of nothing to worry about at all.
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Old 01-29-2018, 10:05 AM   #6
Lexus
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Default Re: Missing one payment

It is good to contact the bank to get an extended time for repayment. Normally they will not file a case immediately for the reason of one missed payment.
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Old Yesterday, 07:05 AM   #7
Manda444
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Default Re: Missing one payment

UAE seems to be a little harsh on these small debt oversights or mistakes.
It's kind of crazy.
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