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Will my UAE debt chase me in Canada? – Saif

Written by Consumer

I am working in uae and accumulated debt upto $150k and not in a position to service the payments in near future. since the situation is to come , i am planning to mover to canada as i am permanent resident and living there though i belong to india. now please advice me , where the banks can chase me in canada ? or is it better to be to in contact with them after leaving the country to avoide any harassment to my people at my native address in india. since i wil not be in a position to make any immediate payments after reaching in canada, how shall i deal with the banks,

thanks

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Consumer

This is information that was submitted by a third party and not generated by GetOutOfDebt.org or Steve Rhode.

3 Comments

  • Indian scammers are not wanted any more in Canada than the rest of the world.  I hope the UAE creditors get you before you leave the country.

  • I had debts of more than  $ 300,000 in UAE, from about 25 different   banks . Because of their reckless and poor risk management, aggressive competetion,  reliance on harsh rules ,imprisonment in case of non-payment, they gave me more 30 credit cards and personal loans,without any credit checking. I was fired from my job, and i was not in a position to settle all the debts at one time. Alos , it is illegal to stay in the country for more than 21 days, and negotiate with the Bnaks or look for another job. So I was compelled to leave the country to Canada. I receive  threatening Emails with Interpole arrest. I beleive that Interpole is not working for UAE banks . So I am not afraid ,and I have no means to repay. It is the fault of the banks to give loans of US 300,000 to a simple worker.My advice to everybody is not to panic or be afraid of their threats.

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