londonalgiers - Posts
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Loan Guarantor Defaulting
If I have a personal loan, then decide to leave Dubai and get another person to sign a paper as a guarantor for that loan, this allows me to leave Dubai as I would get a non liability letter. What if the guarantor defaults his own bank and stops making the monthly payments to cover my loan, and leav...
- Aug 15, 2009
- Forum: Dubai Expat Help Forum
- Topic: Loan Guarantor Defaulting
- Replies: 2
- Views: 2697
If you have a written non-liability declaration, approved by the banks you deal with, then I don't see trouble. Just make sure the law thinks the same way. Ask your sollicitor to be sure. All I got and this was back in 2006 when I left the UAE, was a non-liability letter from Mashreq bank, which i'...
- Aug 15, 2009
- Forum: Dubai Expat Help Forum
- Topic: Loan Guarantor Defaulting
- Replies: 2
- Views: 2697
Am I restrcited to travel??
Hi,
Anyone know, how I can find out if I am restricted from leaving the UAE, I'm out of the UAE now but want to know how I can get some information. Is there a number to call or a website to check.
Thanks
Anyone know, how I can find out if I am restricted from leaving the UAE, I'm out of the UAE now but want to know how I can get some information. Is there a number to call or a website to check.
Thanks
- Aug 16, 2009
- Forum: Dubai Expat Help Forum
- Topic: Am I restrcited to travel??
- Replies: 17
- Views: 5144
Had a loan before I left. Guarator defaulted his bank about 6 months ago. I just found out about it (was sending money to his account) want to know if I am restricted to leave the UAE. (If i travel there, would I be allowed to leave) hope that clarofies it Mr Dresdan.
- Aug 16, 2009
- Forum: Dubai Expat Help Forum
- Topic: Am I restrcited to travel??
- Replies: 17
- Views: 5144
You had a loan, and you're gaurantor deafaulted on a loan at his bank? or You had a loan and you both defaulted on that loan? If it's the second, you will be arrested at the airport when arriving! your 1st question is not clear. I have a loan >> Got a guarantor for it to be able to leave Dubai >> G...
- Aug 17, 2009
- Forum: Dubai Expat Help Forum
- Topic: Am I restrcited to travel??
- Replies: 17
- Views: 5144
- Aug 18, 2009
- Forum: Dubai Expat Help Forum
- Topic: Am I restrcited to travel??
- Replies: 17
- Views: 5144
Spoke to the bank...and they asked me to contact Recovery departement...they do not seem to wanna pick up the phone... I will keep trying. In case the bank has issues a warrant and I was blacklisted, if the loan is repayed fully...would that warrant be cancelled...and would I be removed from the bla...
- Aug 20, 2009
- Forum: Dubai Expat Help Forum
- Topic: Am I restrcited to travel??
- Replies: 17
- Views: 5144
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