Legal Question in Banking Law in United Arab Emirates
Hi, i have a personal loan and credit card loan in masreque bank becuase of this global resession im not able to pay this credit. now almost 2 yrs i did not pay any amount.. pls. advise me what i need to do..
1 Answer from Attorneys
You may immediately meet the Bank Officials and try to get your Loans rescheduled, which may enable you to make payments towards the Bank Loans. There seems to be no valid reason for your not having made any payment since 2 years.
But before resorting to the above, you may ascertain whether the Bank has already filed any Police Compliant against you after getting your Security Cheque dishonoured or whether any Travel Ban has been imposed against you alongwith any Civil Case having been filed for recovery of the Bank dues.
For any further clarifications, you may Mail to [email protected] or call on 050 2104389.
Best Regards,
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