Unpaid loans in dubai

[Loner]

Hi i would like to seek help to evrybody that can give me some piece of advice or enlightenmnt about my current situation...

I left dubai 5 years ago with a car loan and a personal loan from cone of the bank in dubai...i left my car to a friend asking him to pay the monthly amortization and also my loan....eventually i just asked him to return the car to my bank so i wont be paying anymore since i cant sell it...the bank gave a paper which i thought is the clearance already ( havent found out till now)... All i kmow is my liability has been wiped out long time ago but apparently not coz after so many years the bank contacted me thru a collection company asking me to pay them....i was in total awe when i found out that i still owe them money inspite of returning the car and paying my loan....but as per the agent no money has been paid on my personal loan since i left....and now i found out my friend did not pay anything instead kept all the money ive sent him to pay my dues....now my liability is up to the top that i dont know how to pay coz im jobless right now...my worry is how can i get a police clearance from them if i left an unpaid loans from the bank in dubai....do u think they already filed a case against me coz its been almost 6 years... :-( please does this affect my application for PR?

 

[zardoz]

The only way to find out if there is a case against you is to ask them. I thought that unpaid debts in Dubai was a criminal offence rather than a civil offence. I'm sure I have seen another thread on here that discussed this subject.

 

[steaky]

This was one of them:

http://www.canadavisa.com/canada-immigration-discussion-board/-t90709.0.html

Just use the search function for more. Keywords: dubai loan.

 

[zardoz]

http://www.canadavisa.com/canada-immigration-discussion-board/canadian-immigration-and-unpaid-debts-in-dubai-t65920.0.html was one as well.

 

[Loner]

Thanks guys i hope to get a clear answer to my problem soon

 

[newtone]

There are no implications of unpaid loans as long as there is no police record filed against you. You'll be fine

 

[Dr_Midnite]

There are no implications of unpaid loans as long as there is no police record filed against you. You'll be fine

Found this link which might help, it states: -

"In October last year, the UAE ruler Sheikh Khalifa issued a royal decree announcing the decriminalisation of the issuing of bouncing cheques, which has now been extended to overseas workers in the emirate. According to Reuters, Ali Khalfan al Dhaheri, legal head of the kingdom’s Ministry of Presidential Affairs, announced today that expatriate debt defaulters would no longer face prison terms. - See more at: http://www.expatsblog.com/news/0101135421/bouncing-cheques-in-uae-no-longer-illegal#sthash.wQPalGPT.dpuf"

http://www.expatsblog.com/news/0101135421/bouncing-cheques-in-uae-no-longer-illegal

 

[kabayan]

Found this link which might help, it states: -

"In October last year, the UAE ruler Sheikh Khalifa issued a royal decree announcing the decriminalisation of the issuing of bouncing cheques, which has now been extended to overseas workers in the emirate. According to Reuters, Ali Khalfan al Dhaheri, legal head of the kingdom's Ministry of Presidential Affairs, announced today that expatriate debt defaulters would no longer face prison terms. - See more at: http://www.expatsblog.com/news/0101135421/bouncing-cheques-in-uae-no-longer-illegal#sthash.wQPalGPT.dpuf"

http://www.expatsblog.com/news/0101135421/bouncing-cheques-in-uae-no-longer-illegal

if you issued a security cheque for both the loans, and the loans are not settled, the bank will take action by depositing the cheque and if it bounces, they will file and open a case in the police for recovery. the file will remain as long as the bank did not request to take it back. at this point you need to contact the bank's legal department. it is not only the clearance you have to take care of, if and when you transit in any of the middle east countries, you might get questioned. i am not scaring you but an acquaintance had a loan in one of the banks. he left the country but he failed to pay for 3-5 months, however he still managed to pay all the dues after he got a job somewhere else.

then he came back to dubai for a visit thinking since his loan is paid everything is okay. however, he got caught in the airport and was in jail for a week. his friends had to contact the bank's legal department for the case to be retrieved back from the police/court. it was such a hassle so please avoid this by taking the necessary action.