I have an unpaid loan of 50k EUR from RAK Bank UAE.
Problem is I really cannot pay it , lost my job in Dubai and back in my country where I am unemployed.
What the Bilkish Associates LLC could really do against me ?
Just a few questions.
What country are you now residing in?
How long have you owed the debt?
What have you had with Bilkish and what are they saying? Do you have any of their correspondence?
If you are residing outside the UAE, depending on what country you are now in, the firm will have limited if no authority.
There seems to a lot of confusion from people living in the UK now with debts left back in Dubai as to if they can be chased for payment, and what can happen to them. To my knowledge, unless the debt has been purchased by a collection agency in the country you now reside, any outside collection agency’s authority is limited, and they may no authority at all. They just threaten you.
I have heard of cases where a collection agency stated that since it is a crime, as a warrant is issued in some areas such as Dubai for unpaid debts, this criminal offence carries across state and country borders. Maybe so, but it is not a crime to be in debt in the UK or many other countries, so I am unsure how they come to this conclusion.
Have you sought any legal advice? You may wish to do so.
There is additional information on this site as well.
Let me know, and we can look closer at this.
Jon Emge is an experienced UK debt advisor who has helped thousands and thousands of people in the UK to deal with problem debt. Jon specialises in finding good solutions for problem debt using a variety of UK specific techniques.
If you have a question you’d like to ask about how to get out of UK debt, just use the online form. I’m happy to help you for free.