Fair Debt Collection

Despite the very fact that numerous people know very little clue about their rights within the process of debt collection Dubai. Authorities are working to educate consumers about their rights in debt collection to stop abuse and unfair debt collection practices. The principles set by authorities have clear guidelines about how collectors can contact you, once they can contact you and what they’re allowed to gather.

The most commonly violated rule of debt collection is that the use of deception or misleading statements. Debt collectors are notorious for their persistent efforts, a number of which include lying or making false claims so as to scare you into paying the debt. This is often very true of the elderly, who are often scammed into paying debts they cannot afford out of fear. Debt collectors can also become harassing, making repeated phone calls, call after hours, contact friends or relations and even use abusive language when attempting to gather. All of those practices are prohibited as per the legislation of UAE. Contacting through email, social media sites or by releasing your personal information to the general public is additionally strictly forbidden.

Despite of these rules debt collectors violate these rules on a day today. An authority also encourages anyone who has experienced violations of fair debt collection practices to report the debt collector directly.

Stop Collections

There are a couple of ways to prevent annoying debt collectors. First, you’ve got proper to barter and repay your debts to your lender. By contacting your creditor to rearrange a debt resolution plan, you’ll also request that the gathering efforts be terminated. Your creditor is legally required to terminate their interactions with the debt collector upon your request, once you’ve got successfully agreed to a deal.

Also, you’ll stop credit collections by filing for bankruptcy. Any longer contact by a collector can cause serious consequences on their part. Further, any communication or correspondences from the debt collector are going to be mediated by your bankruptcy attorney. Bankruptcy may be a great option for handling creditors if you can’t afford to repay your debts, are struggling to barter with creditors directly, have received a notification of a lawsuit over collections or have assets in danger of liquidation.

dubaidebtrecovery.com assisted thousands of people in successful debt recovery. We work on the basis of NO WIN NO FEE. This helps us in building a trustworthy relationship with the client. Trust is the key in the process of debt recovery as when it comes to financial matters, trust is the priority and the client is the preference of our company.