Comments on: UAE considers new laws to prevent Ex-pats from leaving after loan defaults

By: Raja Ali

Raja Ali — Sun, 25 Sep 2011 07:39:19 +0000

Hi i’m Ali who was in dubai for last 7yrs. I had 6 credit cards from six banks including one non banking financial institution called Dunia finance. All in all my card outstanding is nearly AED 110,000…………. Emirates AED16000, RAK – AED 30000, Barclys – AED 20000, Najam – AED15000, ADCB- AED 25000 and Dunia – AED10000. Loan arond AED 25000.
Due to financial crisis i left dubai few months back to india and never want to go back middle east/GCC.
What can happen if i dont pay the outstandings? coz im not in a position to pay it. Getting so much conflicting reports about the banks and their actions. also about collection agencies. Banks keep calling my india number…what shall i do ….plz plz suggest.

By: Ali

Ali — Mon, 19 Sep 2011 06:55:51 +0000

By: Shakravarthi

Shakravarthi — Sat, 17 Sep 2011 10:04:30 +0000

One of my friends left UAE, Abu Dhabi to India, Kerala, with a personal loan of Dhs. 200,000/- (Two Hundred Thousand) from ADCB with out cancelling his Residence Visa and not taking his end of service benefits (it will worth about Dhs. 50,000). He is not able to repay a single fills and not willing to come back to UAE. What will happen for him. Required advice from expert and experienced members.

By: Shakravarthi

Shakravarthi — Sat, 17 Sep 2011 09:54:25 +0000

One of my friends left UAE, Abu Dhabi with a personal loan of Dhs. 200,000/- (Two Hundred Thousand) from ADCB with out cancelling his Residence Visa and not taking his end of service benefits (it will worth about Dhs. 50,000). He is not able to repay a single fills and not willing to come back to UAE. What will happen for him. Required advice from expert and experienced members.

By: Janski

Janski — Wed, 10 Aug 2011 13:26:46 +0000

About to leave UAE with a property mortgaged to tamweel…..I have tenants renting the house and planning on paying from abroad as well as rent……Any advise to the pittfalls?

Janski

By: FAISAL

FAISAL — Mon, 08 Aug 2011 12:12:38 +0000

I AM DEEPLY REQUESTING USA AND UK GOVERMENT TO PLS TAKE IT SERIOUS IF YOU CONSIDER YOUR SELF THAT YOU HAVE BEST HUMAN RIGHTS IN YOUR COUNTRIES. PLS VISIT UAE SPECIALLY SHARJAH. PLEASE CHECK UAE BANKS POLICIES AGAINST BANK LOANS AND CREDIT CARDS. BANKS ARE NOT CENTRALIZED, FIRST THEY GIVE HIGH AMOUNTS AS LOANS AND CREDIT CARDS TO PEOPLE AND THEN THEY DESTROYED THEIR ENTIRE LIFE. THEY SIMPLY PUT THE PEOPLE INTO THE JAILS. THEY DO NOT CARE THAT THE PERSON IS DOING JOB, LIVING WITH HIS FAMILY, KIDS GOING TO SCHOOL AND IMMIDIATELY THEY OPEN POLICE CASE AGAINST THE DEFAULTER EVEN THE DEFAULTER HAS ALREADY IN BAD FINANCIAL CRISES AND HAS LOSS HIS JOB DUE TO SOME REASON. MOST OF THE DEFAULTERS ARE INNOCENT AND DUE TO BAD GLOBAL FINANCIAL CRISES THEY ARE NOT ABLE TO PAY THE MONTHLY LOAN INSTALMENTS. POLICE CATHING THE INNOCENT PEOPLE ON THE AIR PORTS, ON THE ROADS, FROM HOME AND OFFICES. THEN IF THE FAMILY MEMBERS CAN PAY SOME AMOUNT TO THE BANK THEN AFTER LONG TIME THE GIVE RELEASE TO THE PRISONER. IF THE DEFAULTER HAS NO ANY FRIENDS AND RELATIVE THEN HE HAS TO STAY IN JAIL FOR LONG TIME AND AFTER UAE POLICE SENDS HIM OUT FROM THE COUNTRY WITH EMPTY HANDED. WAOOOOOOOOOO WHAT A PLEASANT SURPRISE FOR FAMILIES. I SALUTE UAE GOVERNMENT AND I SALUTE UAE POLICE, I SALUTE UAE BANKS. THEY ARE PLAYING THE WORST ROLE IN THE WORLD.

By: FAISAL

FAISAL — Mon, 08 Aug 2011 11:59:21 +0000

I lived in UAE seven years with my family.
I am a high qualified and experienced person belong to a very good family. In 2005 in Sharjah, I bought one two bed room appartment with bank loan, becuase I had very good job that time for 14,000 Dhm per month. Later on due to global financial crises value of the property very much fall down and I sold out that appartment becuase i Lost my job as well. I gained alot of loss on that propertly also No job and with family and kids, school going. My only two instalments were short and NBD opened police case and I went into the jail. Bank asked me to pay full amount, and later on they agreed for 100,000 dhm in one short, that amount from selling appartment I paid to bank and I came out after 15 days from jail. I lost my all respect, my credibility and every thing becuase of that incident. later on I found job after six months and again bank opened police case, So four time i went into the jail. During my best job in one very big oil company I resigned and left UAE with two hundred Dhm in my pocket. I hate UAE AND I HATE UAE BANK. THEY FINISHED MY LIFE MY FAMILY LIFE. THERE ARE NO HUMAN RIGHT EVEN SINGLE PERCENT IN UAE. THEY ARE JUST LIKE ANIMALS. IN UK, US, CANADA THERE IS NO ANY LAW LIKE THIS TO PUT THE PERSON IN JAIL. IF THE PERSON IS IN JAIL THEN WHO WILL PAY THE MONEY BACK TO BANK.

By: FAISAL

FAISAL — Mon, 08 Aug 2011 11:57:08 +0000

UAE has the most worst Law, most worst human rights.
Specially Sharjah police is worst police in the whole world. They are just like animals. They do not care who is who. A highly qualified person is also suffering with a highly low category criminal persons in Sharjah Jail.
In one small room in all police stations in Sharja, they put more then 200 people. Most of them are young and innocent. Sharjah police is getting money from Saudia and Abu Dhabi for prisoner. If they are getting 1000 they spend 50 only. This is 100% business of UAE GOVERNMENT TO ARREST THE PEOPLE AND GETTING MONEY LIKE A BEGGAR. THEY DONT CARE ABOUT ISLAM, THEY DONT CARE ABOUT HUMANITY. THE WORST POLICE, WORST HUMAN RIGHTS AND WORST LAW IS IN UAE. THEY ARE HIGHLY UN EDUCATED BADOOS. UAE BANKS AND UAE POLICE HAS ALREADY DESTROYED MILLION OF PEOPLES BECAUSE OF THEIR POLICIES AND WORST LAWS.

By: John

John — Sun, 17 Jul 2011 10:10:55 +0000

hey Liza… was just wondering what happened with you regarding your case! did the interpol really follow u? i believe they dont have the right! whatever cheques u signed in dubai were under uae law and only in uae they can sue u!
Good luck and let me know how ur doing now.
Cheers

By: mariam

mariam — Tue, 12 Jul 2011 16:23:23 +0000

@rebeca: Hi rebecca , unfortunately these morons at fgb can do whatever they like .. They are the biggest theives I have ever known .. Everyone !!! avoid fgb and to think they have won awards 2 years in a row for being the best banks . Just visit the jails in the uae . Most of them are fgb defaulters ... may Allah be as harsh with them as they are with their customers .