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- Credit Card
- Etisalat
- DEWA/SEWA/..EWA

nope i dont but can this happen

how long before they jail you i mean do they send you notices first etc warning you.

Never really been in that situation

Ive heard an echo somewhere

Bouncing cheques is the worst crime here...

Bizarre!



Knight

Planning on skipping your August bills Zam ?

MaaaD wrote:Planning on skipping your August bills Zam ?

not really MaaaD thinking of someway to eliminate someone...ehehe

just wondering coz in my homeland there's no such rule....so peeps usually overspend with their credit cards and kalassss.

zam wrote:- Credit Card
- Etisalat
- DEWA/SEWA/..EWA

Credit card and personal loan..anything related to bank loan is a serious crime... You cant play a fool with the Banks. I have an english friend who just came out from the lock up recently... He was in the lock up for 3 months for not paying his loans which he did'nt do purposely as he was on a business trip. Police came to his working place without his knowledgeand arrested him. He lost his job and his accomodation as company was paying for it. Now that he is out, he has to move from one friends place to another as he does not have anything nor money with him. Luckily one of his friend got him a job and he will start anytime next month.. So you have to be careful as loans here is not a joke especially with the banks.

Dubai Knight wrote:Bouncing cheques is the worst crime here...

Bizarre!



Knight

yes, because under Sharia law you cannot be compled to repay a debt - you can plead poverty. this is why banks and certain companies ask for a signed blank cheque as collateral, as they know if you default on the load they can submit the cheque (usually with some astronomical amount on it); when it bounces you can then be prossicuted for fraud - which is illegal and punishable under the law

janet67 wrote:

zam wrote:- Credit Card
- Etisalat
- DEWA/SEWA/..EWA

Credit card and personal loan..anything related to bank loan is a serious crime... You cant play a fool with the Banks. I have an english friend who just came out from the lock up recently... He was in the lock up for 3 months for not paying his loans which he did'nt do purposely as he was on a business trip. Police came to his working place without his knowledgeand arrested him. He lost his job and his accomodation as company was paying for it. Now that he is out, he has to move from one friends place to another as he does not have anything nor money with him. Luckily one of his friend got him a job and he will start anytime next month.. So you have to be careful as loans here is not a joke especially with the banks.

Janet is correct with this post, bad debt is very serious here.

Yet sorry to say many locals get way with giving bad cheques and the police do nothing. And I only mean that due to the experiences of some friends, where they've been given rubber cheques, but the police and banks did absolutely nothing.

Chocoholic wrote:Yet sorry to say many locals get way with giving bad cheques and the police do nothing. And I only mean that due to the experiences of some friends, where they've been given rubber cheques, but the police and banks did absolutely nothing.

that may be. but it is very funny when one local gives another a cheque that bounces .... then its a different set of rules that are applied ..