Outstanding bank loans and absconders | ExpatWoman.com
 

Outstanding bank loans and absconders

1170
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EW OLDHAND
Latest post on 03 March 2018 - 13:27
Back in 2013, a friend of our family was working in AD and left in 2003, little he knew; he left behind him car loan and he assumed his best friend back then will be paying the instalments and use the car, in 2013 he was a transit in Dubai and police did arrest him, because the bank filed a case against him for the last 2 instalments- both worth 3k dirhams by the way- and it was a crazy time to find out more info about where the car is - left behind in Oman after it was involved in accident and these friends didn’t report it to any country authorities and removed the plates!- while they racked 8k speeding fines!!! So, that friend managed to get out of the jail after spending a week inside, pay the money to the bank, filed a stolen car report- to indicate he wasn’t the offender in anything regarding the car- settled his case and then only got his passport back - it was brand new passport with different numbers by the way and he didn’t get iris scan back in 2003.... Moral lesson? Pay your dues as you might think it’s tiny amount, but this tiny amount will get you in jail, even if you are doing a transit, or aircraft diversion for any reason and bang you get into heaps of trouble.
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EW NEWBIE
Latest post on 02 March 2018 - 15:26
Hello, if there is a travel ban on the father, would the children (dependents) be allowed to travel back to home country ? Anybody knows?
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EW NEWBIE
Latest post on 12 March 2013 - 13:55
Yes well this is the situation that I have found myself in and trying to advise accordingly. IMHO, even if one has no plans to return to the UAE, they should still be trying to send something back to cover the loan monthly. There must be intention. If the only intention is spurred on by thoughts of returning to the UAE to work, I think why should they get a 2nd chance to come?
1170
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EW OLDHAND
Latest post on 12 March 2013 - 13:50
I am no expert about this issues....but in my personal opinion, if someone did get loan or cc and used it...they must pay back at least what they spent. it make me rethink about the integrity of who done or doing this, if this friend did accept the terms and conditions of the debtor/ the bank, he/she must pay what they took. I am not going into details of this, but if it was someone I knew did this, I will be careful with that person, re - lending them money or such....they knew they are breaking the law and they did it, what will stop them doing this with me? And if it was me; I will help that person to give him/her the info about how to negotiate paying back the money. IMHO
53
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EW NEWBIE
Latest post on 12 March 2013 - 13:37
A security cheque is given at the time of a loan say. If no monthly payment is received, then they will call the number specified on the loan form. If no answer, then a couple of more days will be given. Still. If nothing, the security cheque is presented, it bounces. As you may know, this is an offence in the UAE and a police file will be actioned. Usually, a travel ban is made immediately. However, if the person has left the country quickly, before the travel ban is given, the bank (again, dependent on individual bank policies), employs agents in different countries to try and find the person (the obvious lead is their country of origin) if the debt is of a sufficient amount. With finger printing and retinal scans now, no one is ammune from arrest If they try to re-enter the country concerned. Thanks.
53
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EW NEWBIE
Latest post on 12 March 2013 - 13:37
Even if they write the debt off they may not necessarily be able to or want to close the police case against the person. I was told by someone in the bank industry that once the police case is opened banks can claim the amount on insurance. Don't know how true this is but banks will not withdraw or close the police case without the loan and fees incurred being paid off. Before the phenomenon of people leaving their cars at the airport there was a story in the paper about a famous singer who was hired here for a private event being arrested on arrival to Dubai as they had a 20 year old debt. edited by starsouthern on 12/03/2013 Yes, I thought this.
44
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EW NEWBIE
Latest post on 12 March 2013 - 13:28
As one poster quite rightly mentions, in the UK, debt is a civil matter whereas here, it is a criminal matter. Firstly, let me dispell the myths about debt collecting in UK. Being harassed by debt companies is illegal in certain areas - these are as follows: contacting you several times a day, or early in the morning or late at night pursuing you on social networking sites such as Twitter and Facebook putting pressure on you to sell your home or take out more credit using more than one debt collector at a time to chase you for payment not telling you if the debt has been passed on to a debt collection agency using paperwork or business logos that appear to be official when they’re not, for example sending you letters that look like court forms putting pressure on you to pay all the money off, or in larger instalments when you can't afford to threatening you physically or verbally ignoring you if you say you don't owe the money trying to embarrass you in public telling someone else about your debts or using another person to pass on messages, such as a neighbour or family member falsely claiming to work for the court or be a bailiff implying that legal action can be taken when it can't. For example, implying that your home can be taken from you without a court order giving the impression that court action has been taken against you when it hasn't giving the impression that not paying the debt is a criminal offence. For most debts, it is not a criminal offence if you don't pay them. However, creditors can contact you either by letter, phone or by turning up on your doorstep if it is a reasonable time of day. Banks, worldwide, mostly (not all), as I mentioned earlier, employ agents who act on their behalf (for a commission of monies recovered) or sell the debt to a third party. <em>edited by londonlady2212 on 12/03/2013</em>
3863
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EW MASTER
Latest post on 12 March 2013 - 13:00
Banks use agencies who specialise in debt recovery. I have no idea what the minimum debt is but a few months ago the police turned up at someone's home in the UK.He had a debt of less than 30,000dhs.If there are more than one to go about prosecuting, it is worthwile for the banks to go even for the small fish. It all adds up in the end.As a result of these absconders, those left here end up paying more to borrow money. Debt in the UK is a civil matter. If anyone turned up claiming to be the police, they, not the debtor, were guilty of a criminal offence. Debts incurred abroad can be sold on to debt collectors in the UK but they have no legal power to recover it. Usually they use threats of court procedure and in the case of less reputable agencies, sometimes worse..........which is most definitely illegal. Thats what i thought also. Imagine if they had the power to do this, a search through the voters role or FB would turn up most of the culprits
1340
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EW OLDHAND
Latest post on 12 March 2013 - 12:55
Banks use agencies who specialise in debt recovery. I have no idea what the minimum debt is but a few months ago the police turned up at someone's home in the UK.He had a debt of less than 30,000dhs.If there are more than one to go about prosecuting, it is worthwile for the banks to go even for the small fish. It all adds up in the end.As a result of these absconders, those left here end up paying more to borrow money. Debt in the UK is a civil matter. If anyone turned up claiming to be the police, they, not the debtor, were guilty of a criminal offence. Debts incurred abroad can be sold on to debt collectors in the UK but they have no legal power to recover it. Usually they use threats of court procedure and in the case of less reputable agencies, sometimes worse..........which is most definitely illegal.
1618
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EW EXPERT
Latest post on 12 March 2013 - 12:22
Even if they write the debt off they may not necessarily be able to or want to close the police case against the person. I was told by someone in the bank industry that once the police case is opened banks can claim the amount on insurance. Don't know how true this is but banks will not withdraw or close the police case without the loan and fees incurred being paid off. Before the phenomenon of people leaving their cars at the airport there was a story in the paper about a famous singer who was hired here for a private event being arrested on arrival to Dubai as they had a 20 year old debt. <em>edited by starsouthern on 12/03/2013</em>
44
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EW NEWBIE
Latest post on 12 March 2013 - 12:00
A security cheque is given at the time of a loan say. If no monthly payment is received, then they will call the number specified on the loan form. If no answer, then a couple of more days will be given. Still. If nothing, the security cheque is presented, it bounces. As you may know, this is an offence in the UAE and a police file will be actioned. Usually, a travel ban is made immediately. i understood that you need to miss three payments before the security cheque is cashed. Not necessarily. It is all down to individual financial institutions and their policies/procedures.
826
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EW GURU
Latest post on 12 March 2013 - 11:58
A security cheque is given at the time of a loan say. If no monthly payment is received, then they will call the number specified on the loan form. If no answer, then a couple of more days will be given. Still. If nothing, the security cheque is presented, it bounces. As you may know, this is an offence in the UAE and a police file will be actioned. Usually, a travel ban is made immediately. i understood that you need to miss three payments before the security cheque is cashed.
44
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EW NEWBIE
Latest post on 12 March 2013 - 11:50
A security cheque is given at the time of a loan say. If no monthly payment is received, then they will call the number specified on the loan form. If no answer, then a couple of more days will be given. Still. If nothing, the security cheque is presented, it bounces. As you may know, this is an offence in the UAE and a police file will be actioned. Usually, a travel ban is made immediately. However, if the person has left the country quickly, before the travel ban is given, the bank (again, dependent on individual bank policies), employs agents in different countries to try and find the person (the obvious lead is their country of origin) if the debt is of a sufficient amount. With finger printing and retinal scans now, no one is ammune from arrest If they try to re-enter the country concerned.
53
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EW NEWBIE
Latest post on 12 March 2013 - 11:44
Yes, I too have told them that they have ruined it for genuine loan seekers and also it is just wrong on every level. I cannot imagine running for the rest of my life. even small payments show some sort of commitment.
544
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EW GURU
Latest post on 12 March 2013 - 11:41
Anyone who absconded and now wants to return without paying their dues is taking the p*ss on a monumental scale! Surely a new passport can in some way be traced to the previous one. I can't believe you just start off afresh with a whole new identity each time you get a new passport. As such, I would expect this person to be arrested on arrival. He/she must be either mad or desperate to even consider this.
53
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EW NEWBIE
Latest post on 12 March 2013 - 11:33
Yes, I suppose the debt collectors have an associate in each country who gets commission. Oh well. I need to find out if there is an outstanding case. I suppose they will never disclose this.
542
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EW GURU
Latest post on 12 March 2013 - 11:25
Banks use agencies who specialise in debt recovery. I have no idea what the minimum debt is but a few months ago the police turned up at someone's home in the UK.He had a debt of less than 30,000dhs.If there are more than one to go about prosecuting, it is worthwile for the banks to go even for the small fish. It all adds up in the end.As a result of these absconders, those left here end up paying more to borrow money.
826
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EW GURU
Latest post on 12 March 2013 - 11:15
It will depend on which bank it is with and of the whim of the person who is handling his case.... as you know ....
53
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EW NEWBIE
Latest post on 12 March 2013 - 11:13
Does anyone here work for a bank and know the answers?
826
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EW GURU
Latest post on 12 March 2013 - 11:12
only if given drugs..... but some nationalities do have iris scan on arrival... i had one in Sharjah about 10 years ago
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EW NEWBIE
Latest post on 12 March 2013 - 11:02
well if they sent someone to SL to look for him / her then i doubt it has been written off - i would think that they would be arrested on arrival. yes me too. Now what will happen if they come in on a new pp? Do you think they could have had an iris scan without knowledge? (lol)
826
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EW GURU
Latest post on 12 March 2013 - 11:01
well if they sent someone to SL to look for him / her then i doubt it has been written off - i would think that they would be arrested on arrival.
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EW NEWBIE
Latest post on 12 March 2013 - 10:56
Yes, this is what I thought. hmmm It is around Dh 50,000
826
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EW GURU
Latest post on 12 March 2013 - 10:52
if it's a small amount banks will usually write it off but they will probably initiate a police case too which means that they would be arrested on entry or even on landing in Dubai (transit). Best to try and clear all debts before returning.
3863
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EW MASTER
Latest post on 12 March 2013 - 10:52
I know of someone who absconded to their home country (Sri Lanka) leaving behind bank debts. Apparently the bank here did send someone to search for them in Sri Lanka but they gave up when they thought that he was not there. I am not sure if it was just the bank here who sent someone or if the authorities here contact those there, as I have not got a good idea of how these things work. Do they ever write these things off? Do they send people if it is a small amount or do they not bother chasing? Would we be able to find out if there is a warrant for this person? Would a visa be issued for this person (only for them to be arrested upon entry?). Sorry, so many questions, and No, I do not condone this behavior. Thousand of people did it post 2009, cars abandoned, loans, c/c I know of several people who fled and 4 yrs later no-one as caught up with them I doubt there would be a warrant outstanding however i do not think anyone who absconed would return to Dubai and face the risk of being arrested
53
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EW NEWBIE
Latest post on 12 March 2013 - 10:47
I know of someone who absconded to their home country (Sri Lanka) leaving behind bank debts. Apparently the bank here did send someone to search for them in Sri Lanka but they gave up when they thought that he was not there. I am not sure if it was just the bank here who sent someone or if the authorities here contact those there, as I have not got a good idea of how these things work. Do they ever write these things off? Do they send people if it is a small amount or do they not bother chasing? Would we be able to find out if there is a warrant for this person? Would a visa be issued for this person (only for them to be arrested upon entry?). Sorry, so many questions, and No, I do not condone this behavior.
 
 

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