How to Re-Enter the UAE If You Are a Loan Defaulter?

If you are unable to or lax with the repayment of your credit card or other loans. Then it could be bothersome in the long run. And if you are in the UAE, then you would have a really tough time.

When a person applies for a credit card in the UAE, the issuing banks take blank cheques as an assurance for the repayment of their loans. The problem starts when you default on your repayment obligations. Lawyers in Sharjah can help you here with their explicit knowledge and credible expertise.

Ways to Re-Enter the UAE

Below are some common ways to re-enter the UAE if you are a loan defaulter.

·         Appoint a Representative

When you are outside the country, you need a person to represent yourself in the UAE. This can be any person you trust and can present the power of attorney to on your behalf, to deal with the financial institutions or banks. Many banks will accept a simple letter of authorization.

·         Negotiate

Once you are done with the appointment of a representative, the next step is to negotiate an amount of settlement with the bank. Many times, banks are willing to offer up to 50% of waivers on your credit card. Or another loan outstanding if they find that you are serious about repayment.

Secure the best repayment terms at an acceptable amount. The reason you don’t want to hire anyone but lawyers in Sharjah is that you want a good negotiator to negotiate for you. Even though a non-lawyer would do, but won’t be that competent to read between the fine lines.

·         Have Everything Written

Once you have negotiated the settlement, the next part is to put everything down in writing on the bank’s letterhead and stamp. Bank officers and employees often get transferred. And the new officer in charge may demand the clearance of the entire amount outstanding and not the settled amount.

·         Ask for Clearance Certificate

Once you have settled the account with your creditor. Ask for a no dues certificate confirming that you have repaid the entire loan. Also, ask for a certificate to be submitted to the police authorities confirming.

It is that you have paid the loan for the removal of the police case against you.

Final Remarks

Therefore, if you want to enter the UAE being a loan defaulter, it is better to seek legal help. Lawyers in Sharjah can help you with their knowledge. They are available in Ajman, Fujairah, Dubai, and Abu Dhabi as well.

Comments

  1. Jennifer K RobertMay 29, 2021 at 11:20 AM

    Hi everyone, I saw comments from people who had already got their loan from Anderson Loan Finance. Honestly, I thought it was a scam, and then I decided to make a request based on their recommendations. A few days ago, I confirmed in my personal bank account amounting to $15,000 dollars which I applied for. This is really a good news and I am so very happy that I advise all those who need a real loan and who are sure to reimburse to apply through their email (text or call) +1 719 629 0982. There are sincere loan lenders! They are capable to lend you a loan. Contact Mr Anderson E-mail: andersonraymondloanfinance@gmail.com

    Phone: +1 719 629 0982


    E-mail: andersonraymondloanfinance@gmail.com

    Office address is (68 Fremont Ave Penrose CO, 812400).

    ReplyDelete

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