money problems
By in.trouble •
hi need some help, and a honest answer.... its about my brother, he has done one crazy thing,.. he was working in dubai for the past 2 years... he loaned money from a bank there, quite a big amount... then after sometime, when he was having problems paying, he transferred here to doha under a new company.. he did not cancel his visa in dubai, he did not even resigned, he went here direct.... will this local dubai bank come and chase him? are there any connections with dubai and doha banks? will it affect his visa processing here? i know alot of people have done this.. please answer me.. thnaks
if its a local bank in dubai, i think there would be no problem... because they dont have any branch here in qatar.. and i think they will not chase u, unless otherwise somebody would report you to them that you're here..tell your brother to be good here... alot of people does that, get a loan here and go to another country, sometimes they go back to their native country.. i know someone who got a very very big loan from 3 banks, he went home and never came back.. it would be a lifetime ban,, but dont worry, you are in another country, they can not reach you here... but if the bank is a international bank, then it may be different scenario.
Well. he probably would be barred to get loans again in any bank in the world to the extent of credit cards as well as his credit profile would be listed.
where all banks screen check once an individual applies for a loan or any similar product.
It depends on the bank which he took the loan. probably they may hand over the issue to a debt collecting agency and which would definitely have branches/agencies all around the world and most likely than not they would haunt him anywhere HOW still remains a question.
Considering the amount it may not look that serious again it DEPENDS on the bank how they would take in serios looking at the economic situation . I dnt think any one would let a rogue lender just to leave like that.
the bank will chase him, better to pay back little by little, i know a guy who worked with me and he had just 50000 from CBQ, he was terminated and sent his home country (india), CBQ went to Qatar Embassy in india and they chase him till he paid back full amount..so, its not really good idea not to pay.
first of all regarding the loan - i guess it is perosnal loan , which is given on his name , without even any gurantee because all loan amounts are insured by insurance companies.Bank will reover its money from insuarnce companies , but regarding visa , it be cancelled to stamp visa in qatar.
Banks will never chase u back,
but current global economic credit crisis may force banks to go out of way for recovery.
Also if the bank lodges any compliants againts ur brother & declares absconding thru capital police & immigration of dubai and when ur passport goes to embassy for cancellation of dubai visa then passport can be held up.
Good luck
Firstly without Cancelling his Visa in Dubai he will not get a Visa here in Qatar. With regards to the money problems, the Bank in Dubai will Chase him.
dont worry, nothing will happen there are no connection with dubai bank and doha bank, they cannot do anything, but he would not be able to enter dubai again unless he pasy the loan back. Honestly speaking he should not have done this, the bank might chase him by calling the home etc. Best advisable thing is that he should contact the bank and gradually pay the loan back, it is very easy to pay from here if he has the money. If not I dont know what to say