Question:
Dear Steve,
I am a US citizen. I worked for a company called Ammroc. I left for the states do to serious family issues. It states in Ammroc policy that the company will terminate me if I don’t show to work for 7 consecutive days that I will be terminated. Being that the bank stated that if i loss my job they had insurance on me so it will be fine.
I am a US citizen that left for the USA. Can UAE with a bank loan can they press charges?
Paul
Answer:
Dear Paul,
Without any specific information on an “insurance” plan that would have paid the defaulted debt, I would assume the bank could pursue their typical methods of collecting. I would be surprised if there was such an insurance policy that eliminated your liability.
The simplest solution would be to not travel back to the GCC countries if you don’t have to. Secondly, the UAE previously announced the elimination of jail terms for defaulted loans. But that’s not really a concern unless you travel back there.
As of the date of this response I am not aware of an U.S. citizen being pursued in U.S. courts over a UAE debt.
While the UA bank can certainly attempt to collect from you, and pursue you by phone, email, or mail it does not mean they can pursue you in court here.
The best advice if you are contacted is to not admit the debt owed but ask for documentation to support the claim. Asking the collector to validate the debt and prove the amount claimed is certainly a prudent move considering this foreign debt may be very well muddled.
Finally, if you are contacted regarding this debt and you are feeling pressured or concerned if they threaten you with legal action I would suggest you find a local attorney who is licensed in your state to consult with. Collectors can intentionally or unintentionally misrepresent the truth at times and an attorney representing you is the best way to get a clear grip on your rights in your state.
Bottom line, if you can’t afford to repay the loan and think you still owe a balance, you can wait till you are contacted and then deal with it.
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