hello sir,
i have 2 business loan in uae (200,000 and 60,000)(1st one i paid 2 years (emi 6400), 2nd i paid 1 year (emi 1900) and credit card 25,000 personal and 25000 business credit card (both cards minimum payment we were paying since 2 years without any default). now i am facing problem to repay since my business is not running good.
i have defaulted 2 payments, and debt collectors are calling us and threatening that they will put me and my husband (who is guarantor for my loan) behind the bars .we have 3 kids studying here, they have bounced the guarantee cheque.
so i am in big tension , we don't know what to do, please help.
we still dont they have filed case or not.
we need to continue here in uae.
please help us to sort out the issue, we are in serious hard ship.
thank you
i have 2 business loan in uae (200,000 and 60,000)(1st one i paid 2 years (emi 6400), 2nd i paid 1 year (emi 1900) and credit card 25,000 personal and 25000 business credit card (both cards minimum payment we were paying since 2 years without any default). now i am facing problem to repay since my business is not running good.
i have defaulted 2 payments, and debt collectors are calling us and threatening that they will put me and my husband (who is guarantor for my loan) behind the bars .we have 3 kids studying here, they have bounced the guarantee cheque.
so i am in big tension , we don't know what to do, please help.
we still dont they have filed case or not.
we need to continue here in uae.
please help us to sort out the issue, we are in serious hard ship.
thank you
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