Jump to content
jock66

UAE debt IDRWW chasing in UK

Recommended Posts

Hi Guys, was pointed to this forum by a friend.

 

I left Dubai 5 years ago due to redundancy and had to leave a large loan.

I was contacted a couple of years ago by CWD and agreed to pay what I could on a monthly basis direct to the bank in UAE.

 

At that point the debt was 520,000 AED,

I have managed to pay back 82,000 AED since then but my job has changed and I am not able to pay as much.

 

I have now received a letter from IDRWW stating the debt is now 595,000 AED and that I need to contact them in 14 days!

Not sure what to do and just looking for some guidance.

 

Cannot believe I have made an effort to pay back some and the debt has gone up.

 

Any advice or experiences I would be very grateful to hear.

I do not have any assets in the UK, property is rented etc so not sure what they could do.

Edited by dx100uk
Spacing

Share this post


Link to post
Share on other sites

Should never has started repayments.

 

Do you have UK assets such as a house to protect ?

 

Always up to the UAE Bank to fund any court action. These DCA's just provide a cheap way to obtain payments.

Share this post


Link to post
Share on other sites

this is why creditors in the UAE cant get access to EU courts and the debts are unenforceable despite emplying a UK company to write scary letters to you.

They are stuffed unless you return there

Share this post


Link to post
Share on other sites

I have read elsewhere of people being taken to UK court over these debts, is that incorrect? Should I contact them and say I have no UK assets?

Share this post


Link to post
Share on other sites

no they pay people to get taken to court

then use certain websites to publicise it

saying come here and we'll represent you

and or

we'll do a deal with them.

pay us some money....then you're hooked.

 

your problem is you blindly paid them..and they think once a mug always a mug...just one more letter.

 

if you want to convince yourself...just try and PROVE where all this money you have been paying them has gone...

I can 100% guarantee the original creditor knows absolutely NOTHING about the payments you've made till now

..and haven't SEEN A PENNY OF IT!!

 

let alone you ever being contacted by IDRWW in the 1st place...…...

Share this post


Link to post
Share on other sites

I did not send any money to CWD but directly to the UAE bank by transfer.

 

I may contact UAE bank directly to say what a joke it is that I have tried to pay something and they have just increased the debt, so therefore what is the point! Probably will just lave alone though as no point poking the bear as it were.

Share this post


Link to post
Share on other sites

ok thank you

it wasn't clear you'd been paying the UAE debt directly..

 

so ..what you are getting is std practice now that you've stopped.

 

well, one good thing then..

atleast you know the money did come off the debt...:lol:

Share this post


Link to post
Share on other sites

Yes and the debt went up so what a waste of time, you try and do the decent thing and get royally screwed.

Share this post


Link to post
Share on other sites

Had a few more letters, still the same format. Latest one saying they may go to court if I do not reply in 7 days and asking me to complete a income and expenditure sheet. have not replied to any.

Share this post


Link to post
Share on other sites
Please fill in your quit date here

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 Caggers

    No registered users viewing this page.



  • Tweets

  • Our picks

    • A shocking story of domestic and economic abuse compounded by @BarclaysUKHelp ‏ bank complicity – coming soon @A_Gentle_Woman. Read more at https://www.consumeractiongroup.co.uk/topic/415737-a-shocking-story-of-domestic-and-economic-abuse-compounded-by-barclaysukhelp-%E2%80%8F-bank-complicity-%E2%80%93-coming-soon-a_gentle_woman/
      • 0 replies
    • The FSA has announced large fines against DB UK Bank Limited (trading as DB Mortgages) - DeutscheBank and also against Redstone for their unfair treatment of their customers.
      Please see the links below for summaries and full details from the FSA website.
      It is now completely clear that any arrears charges which exceed actual administrative costs are unfair and therefore unlawful.
      Furthemore, irresponsible lending practices are also unfair and unlawful.
      Additionally there are other unfair practices including unarranged counsellor visits - even if they have been attempted.
      You are entitled to refuse counsellor visits and not incur any charges.
      Any charges for counsellor visits must not seek to make profits. The cost of the visits must be passed on to you at cost price.
      We are hearing stories of people being charged for counsellor visits for which there is no evidence that they were even attempted.
      It is clear that some mortgage lenders are trying to cheat you out of your money.
      You should ascertain how much has been taken from you and claim it back. The chances of winning are better than 90%. It is highly likely that the lender will attempt to avoid court action and offer you back your money.
      However, you should ensure that you receive a proper rate of interest and this means that you should be seeking at least restitutionary damages - which would be much higher than the statutory 8%.
      Furthermore, you should assess whether the paying of demands for unlawful excessive charges has also out you further into arrears and if this has caused you further penalties in terms of extra interest or any other prejudice. This should be claimed as well.
      If excessive unlawful charges have resulted in your credit file being affected, then you should take this into account also when working out exactly what you want by way of remedy from the lender.
      You should consult others on these forums when considering any offer.
      You must not make any complaint through the Ombudsman. your time will be wasted, you will wait up to 2 yrs and there will be a minimal 8% award of interest and no account will be taken of any other damage you have suffered.
      You must make your complaint through the County Court for a rapid and effective remedy.

      http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/120.shtml
      http://www.fsa.gov.uk/pubs/final/redstone.pdf
      http://www.fsa.gov.uk/pubs/final/db_uk.pdf
       
      http://www.fsa.gov.uk/pages/consumerinformation/firmnews/2011/db_mortgages.shtml
      Do you have a mortage arears claim to make? Then post your story on the forum here
      • 0 replies
    • 30 Day Right To Reject - Vehicle Casualty Report. Read more at https://www.consumeractiongroup.co.uk/topic/415585-30-day-right-to-reject-vehicle-casualty-report/
      • 9 replies
    • I am new here but very glad to find my way here and would welcome any input.
       
      i purchased a brand new campervan conversion from Hillside Leisure (175 miles from our home) on July 26th for £31,000 and, within 48 hours, during a storm, the alarm began to sound incessantly. We could not get it to stop, even after trying everything listed in the manual. We phoned Hillside on Saturday July 28th around 2.00pm. The young man who answered the phone said he would seek the advice of their technician and call us back, which he did. The technician told us that they, Hillside, couldn’t help, but that we should take the van to Nissan (the van is a Nissan) as the fault would lie with one of their components.
       
      • 42 replies
×
×
  • Create New...