日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

 

UAE lenders hire British debt collectors to chase defaulters

0 CommentsPrint E-mail Xinhua, July 11, 2010
Adjust font size:

Lenders in the United Arab Emirates (UAE) began hiring British debt collectors to chase defaulters who have fled back to Britain without settling their debts, a Dubai-based business journal reported Sunday.

"I have spoken to people who have said they are being chased by debt collectors," Arabian Business quoted Radha Stirling, founder of Detained in Dubai, a London-based charity that advised people who have fallen into legal trouble in the emirate, as saying in a report on its website.

But the British debt collectors "are not following through on their threats" as they do not have any power to force the repayment of loans owed to UAE lenders, she added, saying, "I think it is a scare tactic and I think the Brits are on to it and pretty much ignore them anyway."

"As there are so many debt collection agencies in the UK, it is very easy to employ one and their terms are quite good," Stirling said.

She believed that only those who owed a considerable amount of money were being chased in Britain "as it wouldn't be worth chasing the smaller debts."

In January, Dubai mortgage lender Tamweel reportedly hired a company to pursue an Indian customer and threatened to take legal action in India and the UAE if the customer did not repay its loan.

Under UAE law, bouncing a check is a criminal offense that can result in a jail sentence. Blank checks are commonly used to underwrite financial arrangements, such as credit cards or bank loans, to guarantee future payments, according to Arabian Business.

A research by the UAE's RAK Bank last year showed that up to 2, 500 UAE residents skipped the Gulf nation each month without settling their debts, it said.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 冀州市| 卢湾区| 浙江省| 香港| 瑞丽市| 垦利县| 共和县| 商南县| 建始县| 喀什市| 清苑县| 惠来县| 平邑县| 沧州市| 卢氏县| 泸州市| 福鼎市| 湖南省| 茌平县| 甘孜县| 武隆县| 松原市| 宝清县| 县级市| 抚宁县| 桓台县| 临颍县| 鸡泽县| 车险| 津市市| 合肥市| 瓦房店市| 江西省| 彭水| 聂拉木县| 古田县| 威宁| 乐东| 安新县| 漳州市| 宣恩县|