Dubai debt skips - the facts only please
#1
Forum Regular
Thread Starter
Joined: Nov 2007
Posts: 34
Dubai debt skips - the facts only please
Hi All
I know this is a hot topic at the moment. I am interested in only facts (not opinions) about what fate may await those individuals who choose to skip leaving credit card and personal loan debt??
I accept that coming back to the UAE / GCC would be unwise but what about the likely hood and jurisdiction of any actions to recover money from people back in the UK?
I know this is a hot topic at the moment. I am interested in only facts (not opinions) about what fate may await those individuals who choose to skip leaving credit card and personal loan debt??
I accept that coming back to the UAE / GCC would be unwise but what about the likely hood and jurisdiction of any actions to recover money from people back in the UK?
#2
Re: Dubai debt skips - the facts only please
Hi All
I know this is a hot topic at the moment. I am interested in only facts (not opinions) about what fate may await those individuals who choose to skip leaving credit card and personal loan debt??
I accept that coming back to the UAE / GCC would be unwise but what about the likely hood and jurisdiction of any actions to recover money from people back in the UK?
I know this is a hot topic at the moment. I am interested in only facts (not opinions) about what fate may await those individuals who choose to skip leaving credit card and personal loan debt??
I accept that coming back to the UAE / GCC would be unwise but what about the likely hood and jurisdiction of any actions to recover money from people back in the UK?
#3
Account Closed
Joined: Jul 2008
Posts: 820
Re: Dubai debt skips - the facts only please
Hi All
I know this is a hot topic at the moment. I am interested in only facts (not opinions) about what fate may await those individuals who choose to skip leaving credit card and personal loan debt??
I accept that coming back to the UAE / GCC would be unwise but what about the likely hood and jurisdiction of any actions to recover money from people back in the UK?
I know this is a hot topic at the moment. I am interested in only facts (not opinions) about what fate may await those individuals who choose to skip leaving credit card and personal loan debt??
I accept that coming back to the UAE / GCC would be unwise but what about the likely hood and jurisdiction of any actions to recover money from people back in the UK?
#4
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Joined: Mar 2008
Location: all over the place
Posts: 759
Re: Dubai debt skips - the facts only please
Hi All
I know this is a hot topic at the moment. I am interested in only facts (not opinions) about what fate may await those individuals who choose to skip leaving credit card and personal loan debt??
I accept that coming back to the UAE / GCC would be unwise but what about the likely hood and jurisdiction of any actions to recover money from people back in the UK?
I know this is a hot topic at the moment. I am interested in only facts (not opinions) about what fate may await those individuals who choose to skip leaving credit card and personal loan debt??
I accept that coming back to the UAE / GCC would be unwise but what about the likely hood and jurisdiction of any actions to recover money from people back in the UK?
i would say skip if its a last resort or you really dont give a flying shit.
If you are a worrier then try and sort it out before leaving, it will follow you and you will always be what if....
#5
Up in the air
Joined: Oct 2004
Location: I'm global baby!!!!!!
Posts: 7,263
Re: Dubai debt skips - the facts only please
Unless someone personally experienced it you wont get facts, you will get i know someone who knows someone...
i would say skip if its a last resort or you really dont give a flying shit.
If you are a worrier then try and sort it out before leaving, it will follow you and you will always be what if....
i would say skip if its a last resort or you really dont give a flying shit.
If you are a worrier then try and sort it out before leaving, it will follow you and you will always be what if....
Been there, done it.....
they wont chase abroad as the costs for recovery make it not worth while
Unless it's more than a few 100,000dhs i would not worry
#6
Just Joined
Joined: Feb 2009
Posts: 19
Re: Dubai debt skips - the facts only please
Well I dont want to skip. I have a gf who works here and I have been made redundant but have a new job in Qatar. I have a 60000 dh loan and a week of work left. To my horror my accounts been frozen today and I am now 66000 dh overdrawn. Work have told all banks about the people who have been made redundant. So I presume I will have a travel ban.
#7
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Joined: Mar 2008
Location: all over the place
Posts: 759
Re: Dubai debt skips - the facts only please
God knows what is going happen, if they do if they dont, just sort it when it happens, at least here we are safe and no facing jail!!
#8
Up in the air
Joined: Oct 2004
Location: I'm global baby!!!!!!
Posts: 7,263
Re: Dubai debt skips - the facts only please
I was proactive, went to the bank, arranged payment terms and even left my car with them for security.
Basically I had to fly back to the UK.. I left my car with the bank, and said I would commence payments once back in the UK...2 weeks later they had sold my 180,000 car for 88,000 at auction and wanted the difference.
I paid the difference and flew back to dubai.....still got arrested because Standard Chartered didnt update the police that the case was closed.
#9
Just Joined
Joined: Feb 2009
Posts: 19
Re: Dubai debt skips - the facts only please
Did they jail you or did you get it resolved pretty quick? I am hoping they will let me pay my loan from Qatar. Anyone had any experience of changing jobs in the GCC?
#10
Up in the air
Joined: Oct 2004
Location: I'm global baby!!!!!!
Posts: 7,263
Re: Dubai debt skips - the facts only please
Jail until Standard chartered got their s#it together and told the police there was no case
#12
Up in the air
Joined: Oct 2004
Location: I'm global baby!!!!!!
Posts: 7,263
Re: Dubai debt skips - the facts only please
My thoughts during that time in jail?
"What a cheap alternative to renting a room in a villa!"
"I wonder if they do a brunch here on Fridays?"
"Do they have Orbit or Showtime??"
"We drove through Salik on the way to jail....will they invoice me???"
Sorry my friend, but its a stupid question.
The only thing you worry about is how long they are going to keep you,
how to let someone know your in there, and the best strategy to stop you getting arse-raped by a 6'4 fat turkish dude with a penchant for young men.
#13
Re: Dubai debt skips - the facts only please
7 hours until Standard Chartered could be bothered to tell the cops that i did indeed pay off all my debts weeks before i flew in.
My thoughts during that time in jail?
"What a cheap alternative to renting a room in a villa!"
"I wonder if they do a brunch here on Fridays?"
"Do they have Orbit or Showtime??"
"We drove through Salik on the way to jail....will they invoice me???"
Sorry my friend, but its a stupid question.
The only thing you worry about is how long they are going to keep you,
how to let someone know your in there, and the best strategy to stop you getting arse-raped by a 6'4 fat turkish dude with a penchant for young men.
My thoughts during that time in jail?
"What a cheap alternative to renting a room in a villa!"
"I wonder if they do a brunch here on Fridays?"
"Do they have Orbit or Showtime??"
"We drove through Salik on the way to jail....will they invoice me???"
Sorry my friend, but its a stupid question.
The only thing you worry about is how long they are going to keep you,
how to let someone know your in there, and the best strategy to stop you getting arse-raped by a 6'4 fat turkish dude with a penchant for young men.
Did you forget 'Does Waxy's Deliver?'