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Old 07-19-2017, 11:03 AM   #29
Dilemna03
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Join Date: Jul 2017
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Quote:
Originally Posted by Dontyouworry View Post
Uae has already implemented and started ONE DAY COURT which serves the misdemeanor crime cases, most of which is cheque bounce of credit cards, loans and other personal cheque bounce. It has become way easier to close any such cheque bounce case now if anyone with a debt trouble is unable to pay the overruling interest amount which never ends, so misses the payments and becomes a victim of Banks such act. Turn around time to get judgement for a cheque bounce case is maximum upto 48 hours now (security cheques for credit cards, personal loans and auto loan would be within 24 hours), more easy to pay the court fine at once which comes a small amount than paying huge interests every month to the bank, by the fear of their threats. This applies to anyone who would want to continue in UAE but has defaulted and has stuck between payments.
@Dontyouworry
I have unpaid cc from ENBD, Dubai First, Mashreq and Dunia Finance. I left Dubai fearing that I can't pay min payments as I was made redundant and can't find new job.
I had a loan from Dunia Finance and was able to complete the payment before i got terminated. Can they use the security cheque issued for my loan to cover my cc debt? Ive been receiving demand letters from Dunia and Mashreq on my email which have blown to big amounts now. I have no work here and worried if collectors will come and visit our house soon...pls help!
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