Can I leave the country after taking a loan in uae. If i get caught what way I have to pay?

Question

Can I leave the country after taking a loan in uae. If i get caught what way I have to pay?

Answer 1

Hello Everybody,

My name is Mrs Anita Brown and i live in the CANADA , life is worth living right now for me and my family and all this is because of one man sent by GOD to help me and my family, i once had a life filled with sorrow because my first daughter needed a kidney transplant and all our savings were going towards her medications and this normally leaves us with no money to pay our bills or even put enough food on our table and our rent was due and no funds to pay these bills and life felt so unfair to me and every night my daughter will cry herself to sleep every night until one day, i was browsing through yahoo answers and i saw a striking advert of a man that gives out personal loans and that the offer is opened to all and i have heard so many things about internet scams but at this point of my life, i was very desperate and ready to take any risk and at the end of the day, i applied for this loan and from one step to another, i got my loan within 48 hours through bank transfer and you know, it was all like a dream and i called Mr Steve Davidson who is the GOD sent lender i found and said, i have received my loan and he smiled stating that to GOD be the glory and i was so shocked as i have never ever seen anyone with such a GOD fearing and kind heart and today, i am the happiest Woman on earth because by GOD'S grace, my daughter kidney transplant was successful and today she is healthy and i and my family are living very comfortable and happy and if you are in my former situation or is in serious and legitimate need of a loan, you can reach this GOD sent lender via [e-mail]

Answer 2

If you take out a loan and skip the country, you still owe that money.  In some cases, they can get you even where you move to.  Your debt will eventually go to a collections agency, and from there they will pile on fees after fees after fees.

I went to school in Canada, and when I un-enrolled to come back to the US, apparently I did not do it right.  I received a call from a collections agency about 4 years later, demanding their money.

You can never really escape it; there's no such thing as free money.

Answer 3

If you plan on leaving the country for good, they really have no recourse except to place a negative mark on your credit reports.  That negative mark will remain for 7 years until the statute of limitations is expired and the mark will drop off.  The same debt can never be reinserted.  Unless your debt is goverment related (student loans) theoretically you could skip out on it and never face any consequences.  I'm not claiming its morally right by any means, but once you enter another country you will not be able to use your American credit reports.  You will have to start from scratch, hence the company you owe placing negative marks on your credit means nothing to you anymore.

They will continue to try to contact you for years, but if you do decide to return to the U.S. after the 7 year reporting period is up you can file a "Cease and Desist" letter forbidding them from contacting you in any way.  Their only recourse would be a lawsuit, which they cannot legally file because the statute of limitations for the debt will have expired.

Hope this helps.