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Things that Happen When You Don’t Repay the Loan

  • January 25, 2021
  • admin
  • Comments Off on Things that Happen When You Don’t Repay the Loan

If you are unable to or lax with the repayment of your credit card or other loans. Then it could really be bothersome in the long run and if you are in the UAE, then you would have a really tough time. However, debt collection dubai agencies can help you here with their knowledge and expertise.

Things that Happen

Below are some things that you need to know. You need to know them before you take any legal steps. Moreover, it is advised to take help from a legal assistant in this regard to avoid any further problems.

  • Legal Calls

The first brush up you would have been with the debtor collection agencies or directly the creditors. They will start calling you first and then start hounding your residence and your office to collect the overdue payments. They will try to persuade you either in a polite or a rough manner.

  • Deposit of Blank Cheques

If even after constant persuasion, you do not regularize your loan account or credit card debt. Then the bank will deposit your cheques for clearing, which they had obtained earlier from you. Once the cheques get bounced, the police authorities come into the picture.

You can contact debt recovery Dubai agencies for further information.

  • Police Case

Once your cheque is bounced, then a police case is filed against you. Earlier cheque bounce used to be a criminal offense in the UAE. But recent changes in the law have made cheque bouncing a civil offense.

Final Remarks

Therefore, if you seek legal help in this regard, contact debt recovery Dubai agencies. They are experts in this domain and can serve you the best. Moreover, they are available all over the UAE for your legal assistance.

They provide their services in Ajman, Sharjah, Fujairah, and Abu Dhabi as well. They keep the privacy concerns of their clients as their topmost priority. Moreover, they know how to treat their clients with the utmost respect as well as honor.

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