Comments on: How to Settle Overdue Personal Loans or Credit Card Bills in Abu Dhabi? http://frugalexpat.com/2009/10/10/how-to-settle-overdue-personal-loans-or-credit-card-bills-in-abu-dhabi/ Local information and guide about Abu Dhabi Wed, 28 Jul 2010 14:38:50 +0000 hourly 1 http://wordpress.com/ By: Fil http://frugalexpat.com/2009/10/10/how-to-settle-overdue-personal-loans-or-credit-card-bills-in-abu-dhabi/#comment-468 Fil Wed, 28 Jul 2010 08:04:34 +0000 http://frugalexpat.com/?p=74#comment-468 I have read every bit of it and this was actually what's happening with me now. My services with my company in Dubai was terminated because of the recession. I visited Mashreq few days after receiving the termination notice. I was advised to submit all documents needed for insurance claim, which I readily did upon receiving my visa cancellation. I went back to my country and a year later was informed that the insurance company did not cover my obligations with the bank. I was so shocked upon learning this as I was religiously paying the credit shield. And now the collection agency in the Philippines is bugging me with their demand letters and sms that I find abusive and offensive. I am planning to settle this with the bank after I get a job coz I have been without a job for a year already. Is it much easier to deal with the bank directly? I find it hard to deal with their collection agent in the Philippines as I am getting different information from them. Thank you. I have read every bit of it and this was actually what’s happening with me now. My services with my company in Dubai was terminated because of the recession. I visited Mashreq few days after receiving the termination notice. I was advised to submit all documents needed for insurance claim, which I readily did upon receiving my visa cancellation. I went back to my country and a year later was informed that the insurance company did not cover my obligations with the bank. I was so shocked upon learning this as I was religiously paying the credit shield. And now the collection agency in the Philippines is bugging me with their demand letters and sms that I find abusive and offensive. I am planning to settle this with the bank after I get a job coz I have been without a job for a year already. Is it much easier to deal with the bank directly? I find it hard to deal with their collection agent in the Philippines as I am getting different information from them. Thank you.

]]> By: ahmad http://frugalexpat.com/2009/10/10/how-to-settle-overdue-personal-loans-or-credit-card-bills-in-abu-dhabi/#comment-467 ahmad Tue, 27 Jul 2010 18:09:41 +0000 http://frugalexpat.com/?p=74#comment-467 I have a loan in Dubai. Got a good job offer back home which I dont want to miss it. Can I pay my loan from back home??? I have a loan in Dubai. Got a good job offer back home which I dont want to miss it. Can I pay my loan from back home???

]]> By: Rosana http://frugalexpat.com/2009/10/10/how-to-settle-overdue-personal-loans-or-credit-card-bills-in-abu-dhabi/#comment-466 Rosana Tue, 27 Jul 2010 15:05:59 +0000 http://frugalexpat.com/?p=74#comment-466 Beth, Thank you so much for your support Unfortunately I am still not able to solve my problem... my email is: rosa.ward@hotmail.com Thank you all for sharing your stories so I am not the only person who is facing this. Rosana Beth, Thank you so much for your support
Unfortunately I am still not able to solve my problem…
my email is: rosa.ward@hotmail.com

Thank you all for sharing your stories so I am not the only person who is facing this.

Rosana

]]> By: Peter San Jose http://frugalexpat.com/2009/10/10/how-to-settle-overdue-personal-loans-or-credit-card-bills-in-abu-dhabi/#comment-465 Peter San Jose Tue, 27 Jul 2010 10:22:34 +0000 http://frugalexpat.com/?p=74#comment-465 I have the same problem. Credit cards and salary loan with Mashreq bank. I have a 30k on my hand now to pay for partial settlement and i will pay them monthly on my salary. But they refuse, what they want is 40k + guarantor or 70k all clear. I dont know what to do, bcoz i sell my house in Phils to get this money and pay them. But what i get is another burden, they give hard time. I have the same problem. Credit cards and salary loan with Mashreq bank. I have a 30k on my hand now to pay for partial settlement and i will pay them monthly on my salary. But they refuse, what they want is 40k + guarantor or 70k all clear. I dont know what to do, bcoz i sell my house in Phils to get this money and pay them. But what i get is another burden, they give hard time.

]]> By: Cyra Miles http://frugalexpat.com/2009/10/10/how-to-settle-overdue-personal-loans-or-credit-card-bills-in-abu-dhabi/#comment-461 Cyra Miles Tue, 27 Jul 2010 03:49:35 +0000 http://frugalexpat.com/?p=74#comment-461 Hi Excel, Sorry to hear about your predicament. I recommend that you visit the recovery department of HSBC and seek for their assistance regarding your situation. Regards C Hi Excel,

Sorry to hear about your predicament. I recommend that you visit the recovery department of HSBC and seek for their assistance regarding your situation.

Regards

C

]]> By: Randy http://frugalexpat.com/2009/10/10/how-to-settle-overdue-personal-loans-or-credit-card-bills-in-abu-dhabi/#comment-459 Randy Sat, 24 Jul 2010 19:46:03 +0000 http://frugalexpat.com/?p=74#comment-459 Very interesting and informative site. Not to mention I found some inner peace from reading all this enlightening stories which makes me feel I am not alone. I myself fell into that trap called Credit Cards. Well its true the mistake has been done now its time to find a solution to end this miserable predicament. I think all of us agree with Beth ...If only we can turn back the hands of time nobody will ever get a credit card again. We should always live within our means and Trust God for direction in every decision we make. God Bless you all !!!! More power to you Cyra your comments gives so much inspiration!!! Very interesting and informative site. Not to mention I found some inner peace from reading all this enlightening stories which makes me feel I am not alone. I myself fell into that trap called Credit Cards. Well its true the mistake has been done now its time to find a solution to end this miserable predicament. I think all of us agree with Beth …If only we can turn back the hands of time nobody will ever get a credit card again. We should always live within our means and Trust God for direction in every decision we make. God Bless you all !!!! More power to you Cyra your comments gives so much inspiration!!!

]]> By: Randy http://frugalexpat.com/2009/10/10/how-to-settle-overdue-personal-loans-or-credit-card-bills-in-abu-dhabi/#comment-458 Randy Sat, 24 Jul 2010 19:44:32 +0000 http://frugalexpat.com/?p=74#comment-458 Very interesting and informative site. Not to mention I found some inner peace from reading all this enlightening stories which makes me feel I am not alone. I myself fell into that trap called Credit Cards. Well its true the mistake has been done now its time to find a solution to end this miserable predicament. I think all of us agree with Beth ...If only we can turn back the hands of time nobody will ever get a credit card again. We should always live within our means and Trust God for direction in every decision we make. God Bless you all !!!! Very interesting and informative site. Not to mention I found some inner peace from reading all this enlightening stories which makes me feel I am not alone. I myself fell into that trap called Credit Cards. Well its true the mistake has been done now its time to find a solution to end this miserable predicament. I think all of us agree with Beth …If only we can turn back the hands of time nobody will ever get a credit card again. We should always live within our means and Trust God for direction in every decision we make. God Bless you all !!!!

]]> By: secret nlng po http://frugalexpat.com/2009/10/10/how-to-settle-overdue-personal-loans-or-credit-card-bills-in-abu-dhabi/#comment-454 secret nlng po Thu, 22 Jul 2010 08:12:07 +0000 http://frugalexpat.com/?p=74#comment-454 I would like to ask some help in your behalf. We have a big amount of credit here in Abu Dhabi. It’s that just happened that we are trying to invest in Philippines and suddenly they lied to us. And we lost the money that we borrowed from the bank, no body wants these to happen but it’s done. And we cannot do anything about this now the banks are forcing us to pay I knew that these is our faults. But as I’ve said it’s already done. We want to pay of course but the problem is since we came from vacation June 2009 we got too much negative with the salary of my husband, we are trying our best and we never plan to run away for our credit. Please try to understand we want to pay in anyhow, we sell all of our things just to pay them and I get job but very small salary. We want to pay but please understand that we are trying to do so, but I’m really scared that they will put my husband in the jail I have my daughter here and she is going to school and nobody working aside to my husband. We are begging you please help us we really don’t mean this to happen we are staying here for 6 year and we got nothing until now because we are helping our family we are just as poor people, we are not a businessman or a known people. Please don’t ignore this I don’t like my husband to be in jail let my husband work. I don’t like my baby to stop in school please help her to pursue her studies. My husband goes back to our country. And we stuck with bad debt for credit cards and loan. My current salary is not enough to pay our dues. Now, we really stuck in here…the banks are always threatening us, and we really stresses and frightened, so we usually ignore their calls , because they are not going to listen on you. What they wanted is just produce the money that they need on which way you could. It’s really affecting me… It has come to the point where in I couldn’t sleep... And it affects my job. After months of stress from the bank, I started to feel numb. I have prepared myself for the worst. Ending up into jail… I just need to know if my husband will be in jail, and sentence the terms decided by the court will the debt be cleared. Please let me know, if he served the prison for my husband’s case for bad debt will it be waived off? And we will be deported after the jailed terms? I am willing to do these in behalf of my husband because I’m afraid that until now they threatening my in-laws in the Philippines. My father in-law has a heart problem so I’m really scared what could possibly happen to them. And also until now we don’t know where is my husband is. Were already worried about him please help what we can we do about these. Please I hope that you will not ignore this. And I am really appreciating if you would reply to my letter. excel I would like to ask some help in your behalf.
We have a big amount of credit here in Abu Dhabi. It’s that just happened that we are trying to invest in Philippines and suddenly they lied to us. And we lost the money that we borrowed from the bank, no body wants these to happen but it’s done. And we cannot do anything about this now the banks are forcing us to pay I knew that these is our faults. But as I’ve said it’s already done.
We want to pay of course but the problem is since we came from vacation June 2009 we got too much negative with the salary of my husband, we are trying our best and we never plan to run away for our credit.
Please try to understand we want to pay in anyhow, we sell all of our things just to pay them and I get job but very small salary. We want to pay but please understand that we are trying to do so, but I’m really scared that they will put my husband in the jail I have my daughter here and she is going to school and nobody working aside to my husband. We are begging you please help us we really don’t mean this to happen we are staying here for 6 year and we got nothing until now because we are helping our family we are just as poor people, we are not a businessman or a known people.
Please don’t ignore this I don’t like my husband to be in jail let my husband work. I don’t like my baby to stop in school please help her to pursue her studies.

My husband goes back to our country. And we stuck with bad debt for credit cards and loan. My current salary is not enough to pay our dues. Now, we really stuck in here…the banks are always threatening us, and we really stresses and frightened, so we usually ignore their calls , because they are not going to listen on you. What they wanted is just produce the money that they need on which way you could. It’s really affecting me…
It has come to the point where in I couldn’t sleep… And it affects my job. After months of stress from the bank, I started to feel numb. I have prepared myself for the worst. Ending up into jail… I just need to know if my husband will be in jail, and sentence the terms decided by the court will the debt be cleared.
Please let me know, if he served the prison for my husband’s case for bad debt will it be waived off? And we will be deported after the jailed terms?
I am willing to do these in behalf of my husband because I’m afraid that until now they threatening my in-laws in the Philippines. My father in-law has a heart problem so I’m really scared what could possibly happen to them. And also until now we don’t know where is my husband is. Were already worried about him please help what we can we do about these.
Please I hope that you will not ignore this. And I am really appreciating if you would reply to my letter.

excel

]]> By: beth http://frugalexpat.com/2009/10/10/how-to-settle-overdue-personal-loans-or-credit-card-bills-in-abu-dhabi/#comment-423 beth Tue, 22 Jun 2010 08:19:00 +0000 http://frugalexpat.com/?p=74#comment-423 Hi, Nice site.. same as many unfortunate people who are trapped with this crazy bank policy and harrasments, i my self is a victim. I tried many options and read as much, even listen to other people, wating for news to come hoping somehow that a solution to this will suddenly come.. but till now nothing. I just learned to make myself accept whatever happens to me later .. try to live and make use of my time accepting my mistakes and praying that if ever I will be given a chance, I will never ever repeat this mistake in my life again, I will try to live by my means and try to live in peace and be contented to what I can earn only not to dream again for something which will not last. Rosana ... if you like somebody to talk to just email me ... tsinitabeth@yahoo.com .. dont just quit ..remember all will pass whatever you did before you cannot bring it back to correct it. But the future you can still plan, if you have to face something you have to accept it with courage but not thru giving up but to find alternative in what ur good at use this to survive ..then solutions will slowly come.. be positive like me even thru the worst we must strive and fight. Hi,

Nice site.. same as many unfortunate people who are trapped with this crazy bank policy and harrasments, i my self is a victim.
I tried many options and read as much, even listen to other people, wating for news to come hoping somehow that a solution to this will suddenly come.. but till now nothing.
I just learned to make myself accept whatever happens to me later .. try to live and make use of my time accepting my mistakes and praying that if ever I will be given a chance, I will never ever repeat this mistake in my life again, I will try to live by my means and try to live in peace and be contented to what I can earn only not to dream again for something which will not last.

Rosana … if you like somebody to talk to just email me … tsinitabeth@yahoo.com .. dont just quit ..remember all will pass whatever you did before you cannot bring it back to correct it. But the future you can still plan, if you have to face something you have to accept it with courage but not thru giving up but to find alternative in what ur good at use this to survive ..then solutions will slowly come.. be positive like me even thru the worst we must strive and fight.

]]> By: Rosana http://frugalexpat.com/2009/10/10/how-to-settle-overdue-personal-loans-or-credit-card-bills-in-abu-dhabi/#comment-419 Rosana Sat, 19 Jun 2010 13:22:00 +0000 http://frugalexpat.com/?p=74#comment-419 Thank you for this article... I am now facing almost the same problem I have a personal loan from NBD, I lost my job about 1 year ago due to the recession and I didn't run away like many people did, I am still in Dubai and trying my best to find a job to pay my loan but unfortunately till noa I couldn't find any job... the bank of course are calling me all the time sometimes I answer sometimes I ignore them because as you all mentioned they are harrasing and very rude... unfortunately I have no money to pay the loan and I of course can not go back home... the bank now has filed a case against me and the police called me last week, I am terrified and scared of what will happen to me... i urge you all to help me and advise me what can I do (I am a decent person and can't handle this I will may be die if something happen to me) I also have no one to guarantee me in this.... plz plz reply to me ..... Many Thanks & God bless you all Thank you for this article…
I am now facing almost the same problem
I have a personal loan from NBD, I lost my job about 1 year ago due to the recession and I didn’t run away like many people did, I am still in Dubai and trying my best to find a job to pay my loan but unfortunately till noa I couldn’t find any job… the bank of course are calling me all the time sometimes I answer sometimes I ignore them because as you all mentioned they are harrasing and very rude… unfortunately I have no money to pay the loan and I of course can not go back home… the bank now has filed a case against me and the police called me last week, I am terrified and scared of what will happen to me… i urge you all to help me and advise me what can I do (I am a decent person and can’t handle this I will may be die if something happen to me) I also have no one to guarantee me in this…. plz plz reply to me ….. Many Thanks & God bless you all

]]>