The Debt Panel: ‘How do I settle my Dh90,000 liabilities to restore my honour?’ – The National

The Debt Panel: ‘How do I settle my Dh90,000 liabilities to restore my honour?’ – The National

My family now has no car, no permanent roof over our heads, no schooling for our children, no assets to sell and still I am trying to balance the loan repayments.. The outstanding loan has been moved from one agency to another.. While I am corresponding with the loan provider because they have filed a police case against me, neither the bank associated with the credit cards or the telecoms provider have filed a case.. I've asked my loan provider for waivers and discounts on humanitarian grounds to enable me to proceed with settling the debt.. My family and friends have raised Dh15,000 for the repayment, which is all we can afford.. I have also emailed the bank that provided the credit cards and asked for settlements but they have not replied.. I urge you to make contact with the bank that provided the credit card to ensure you are not accruing additional penalties or charges.. The larger issue remains the outstanding personal loan.. Since you left the UAE without settling your debts and failed to keep up with regular repayments towards these debts, the banks reserve the right to file a police case and initiate legal proceedings against you..