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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 …
What happens if you don’t repay loan or credit card dues in UAE? Read More »
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 …
The Status of SMEs in Debt and In Collecting Debts Read More »
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 …
The Proceedings of UAE Lawyers in Collecting Debts Read More »
How many individuals in UAE who have loans or fully utilized their credit cards yet has a hard time paying their debts? Each year, the debts are getting higher, and now with all the jobs, it becomes more difficult to get a lot people to settle their debts they accumulated a time period back. When …
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 …
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 …
How to Recover Commercial Debt in the UAE Professionally Read More »
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 …
Role of a Debt Collection Agency in Commercial Debt Recovery Read More »
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