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Old 03-06-2018, 04:11 AM   #1
anoop3804
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Default CANT PAY EMI DUE TO LOSS OF JOB IN UAE

HI,

I HAVE GOT MY TERMINATION LETTER FROM MY COMPANY ONE MONTH BEFORE. CURRENTLY I AM LOOKING FOR A NEW JOB BUT STILL I HAVEN'T GOT ONE.

I HAVE TAKEN A LOAN FROM FGB WHICH COMES TO 67,000 AED, BUT AS I DON'T HAVE A JOB I AM NOT ABLE TO PAY THE EMI.

SO PLEASE ADVISE WHAT SHOULD I DO NOW. I AM PAYING THE CREDIT CARD SHIELD, IF I DON'T PAY THE EMI WHETHER IT CAN BE COVERED THROUGH THIS SHIELD.
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Old 03-06-2018, 02:31 PM   #2
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Quote:
Originally Posted by anoop3804 View Post
HI,

I HAVE GOT MY TERMINATION LETTER FROM MY COMPANY ONE MONTH BEFORE. CURRENTLY I AM LOOKING FOR A NEW JOB BUT STILL I HAVEN'T GOT ONE.

I HAVE TAKEN A LOAN FROM FGB WHICH COMES TO 67,000 AED, BUT AS I DON'T HAVE A JOB I AM NOT ABLE TO PAY THE EMI.

SO PLEASE ADVISE WHAT SHOULD I DO NOW. I AM PAYING THE CREDIT CARD SHIELD, IF I DON'T PAY THE EMI WHETHER IT CAN BE COVERED THROUGH THIS SHIELD.
Call up the bank and inform them about this, they would need the involuntary termination letter from your company, on providing the same, you minimum payment for certain period will be covered by the credit shield insurance company. Number of months the insurance company will make the minimum payment, depends on the type of credit shield you had on your card.
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Old 03-07-2018, 10:32 AM   #3
Lexus
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Default Re: CANT PAY EMI DUE TO LOSS OF JOB IN UAE

It is good to contact the bank and reveal your present situation and can request a reconstruction in the present payment plan.
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Old 03-15-2018, 02:43 PM   #4
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Quote:
Originally Posted by anoop3804 View Post
HI,

I HAVE GOT MY TERMINATION LETTER FROM MY COMPANY ONE MONTH BEFORE. CURRENTLY I AM LOOKING FOR A NEW JOB BUT STILL I HAVEN'T GOT ONE.

I HAVE TAKEN A LOAN FROM FGB WHICH COMES TO 67,000 AED, BUT AS I DON'T HAVE A JOB I AM NOT ABLE TO PAY THE EMI.

SO PLEASE ADVISE WHAT SHOULD I DO NOW. I AM PAYING THE CREDIT CARD SHIELD, IF I DON'T PAY THE EMI WHETHER IT CAN BE COVERED THROUGH THIS SHIELD.
Also depends on the company of the insurance you has on your credit card.
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Old 03-22-2018, 01:38 AM   #5
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Originally Posted by anoop3804 View Post
HI,

I HAVE GOT MY TERMINATION LETTER FROM MY COMPANY ONE MONTH BEFORE. CURRENTLY I AM LOOKING FOR A NEW JOB BUT STILL I HAVEN'T GOT ONE.

I HAVE TAKEN A LOAN FROM FGB WHICH COMES TO 67,000 AED, BUT AS I DON'T HAVE A JOB I AM NOT ABLE TO PAY THE EMI.

SO PLEASE ADVISE WHAT SHOULD I DO NOW. I AM PAYING THE CREDIT CARD SHIELD, IF I DON'T PAY THE EMI WHETHER IT CAN BE COVERED THROUGH THIS SHIELD.
Yes, it will be covered. But you need to follow up a lot for that. I had similar issue and I felt FGB credit shield claim is most difficult and lengthy.

You need to go to FGB collections office near Kabayl center with original termination letter, original passport and Emirates ID

Even if you apply, it takes time, and collection team will harass you for payment. But you should not pay and they cannot go legally against you.
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Old 05-16-2018, 08:21 PM   #6
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Default Re: CANT PAY EMI DUE TO LOSS OF JOB IN UAE

Abu Dhabi launches 'one-day judicial system' for
minor cases


A new one-day court initiative launched in Abu Dhabi on Sunday to speed up the judicial process and ensure straightforward cases are dealt with as quickly as possible.
The one-day court began as a pilot last April and has already ruled on 2,443 criminal and misdemeanor cases, 65 labour cases and 205 civil and personal disputes.
A specialised judge in each Abu Dhabi court will now receive one-day court cases allocated by the public prosecution. In Al Ain and the Western Region, all judges are able to rule on cases that have been classified as one-day court material during regular hearings.
Eligible cases range from tourist offences to cross dressing, fights and civil disputes to traffic offences. It was also cover inheritance, delivering a child to his or her custodian, lifting a travel ban, municipality offences, immigration violations, bounced cheques and illegal alcohol consumption and possession.
Head of judicial inspection at the Abu Dhabi Judicial Department, Ali Al Shaer, said the trial period allowed the department to test the efficiency of the project and refine the rules.

A major challenge, he said, was with civil cases because they cannot be processed until the other side has been served, or notified.
"Once he or she is served, even if they don't attend we can proceed with the case. But if they have not been served, the ruling would be invalid."
Mohammed Al Shibli, head of the prosecutions department at ADJD, said it is essential that the judicial process for certain types of cases is sped up and hence that they are referred to the one-day court.
An important example, he said, is for cases involving tourists: "The tourist stays in the country for a limited period of time, and therefore it is important to resolve their cases quickly."
The new one-day court also aims to reduce the effort and money spent on imprisoning defendants in straightforward cases – cases where all the necessary factors, evidence and details are ready to be presented and that don't require further investigations or expert reports.
"Imprisoning defendants in such cases for a long time [while they await trial] is an unnecessary financial and security burden," Mr Al Shibli said.

ADJD, said labour courts heard 9,828 minor cases – claims for amounts that are less than Dh500,000 – last year. This year, he expects between 2,000 and 3,000 of them to be heard at the one-day court.
The ADJD initiative follows a similar move by RAK courts last February, which introduced the country’s first one-day courts handling civil and commercial cases that involve claims of up to Dh20,000.
Dubai courts followed a month later by introducing the one-day misdemeanor court, with one judge settling 6,000 cases in just over seven weeks.
Mr Al Shibli said Abu Dhabi's initiative is, however, more inclusive because it is in the form of a “one-day judicial system” and is not limited to specific courts or cases.
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