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UAE banks increasing aggression towards debtors during Coronavirus crisis

Aggressive. UAE banks and their agents have been increasing debt victim harassment during the Coronavirus pandemic

Around the world, governments, banks, landlords and utility companies are doing their best to alleviate the hardships suffered by people due to the economic fallout of long lockdowns and job losses. Rather than adopting this spirit, the UAE creditors seem to be increasing their efforts to harass debt victims.

Detained in Dubai has noticed a significant increase in the amount of enquiries per day from desperate former expats being hounded by UAE banks and who feel like they have nowhere else to turn.

“We are not talking about people who took a loan or credit card with no intention of repaying it,” Radha Stirling, CEO of Detained in Dubai explains. “Most people contacting us have taken a loan or credit card in good faith and serviced the loan for years, never missing payments. Sometimes circumstances change beyond their control, especially in the wake of the Coronavirus and associated economic downturn, and rather than risk being jailed in the UAE for missing payments, most people flee the country so that they can renegotiate from safety.

“Their financial situation has often changed to the point where they are earning maybe 10% of what their wage was in Dubai if they are lucky enough to be working at all. However the overwhelming trend among people approaching us is that they still want to honour their obligations to the best of their ability.

“UAE banks right now are behaving noticeably more aggressively than usual. We have observed an upswing in the amount of Interpol threats. We are also seeing harassment of people both at home and even in their workplace or via contacting colleagues and directo