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debt-collection

What happens if you don’t repay loan or credit card dues in UAE?

If you are unable to or lax with the repayment of your credit card or other loans, then it could really be bothersome in the long run and if you are in the UAE, then you would have a really tough time. When a person applies for a credit card in the UAE, the issuing …

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The Status of SMEs in Debt and In Collecting Debts

A bank finances businesses be it SMEs or tycoons. However, the interest rates would depend on how big the amount is loaned. A study has been conducted for weeks duration about how exactly a real estate industry along with low-oil costs may have a knock-on impact in different sectors of SMEs. It has been discovered that businesses are clinging …

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The Proceedings of UAE Lawyers in Collecting Debts

Big oil and gas, service or buildings, mainly, will likely stretch their payment provisions but would typically pay their due through their UAE lawyers. The payment behavior of national firms is appropriate but would differ considerably from one sector to another. Payment conditions in the UAE have been 30 days. However, they increasingly are usually …

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Debt Recovery Solutions in UAE

Debt recovery solutions in UAE have been very challenging for individuals to whom cash has been loaned by other people, to the extent that they require help from debt professionals. When letters are ignored by your debtor, who makes false assurances and offers umpteen reasons or problems cheques, it’s the right time to seek help. Debt recovery professionals …

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How to Recover Commercial Debt in the UAE Professionally

These days, you will find lots of laws covering commercial debt in UAE collection practices, protecting lenders and debtors equally. The laws will vary depending on whether the debt collection concerns a debt that is commercial or is a consumer debt. What’s the difference? Consumer debt collection includes a consumer, who’s the debtor, as well as collection …

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Role of a Debt Collection Agency in Commercial Debt Recovery

Debt collection or debt recovery is the process of collection of debts owed by individuals or businesses in Dubai, Sharjah, Abu Dhabi or United Arab Emirates. In today’s fluctuating economic scenario, thousands of cases are reported where debts are not repaid and it becomes a headache to extract them. Commercial debt recovery is a huge …

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