Hi there dear LB's!
Hope all are well.
Right, let's get down to it:
After approx 6 years, job-loss - recently had to return to the UK form the UAE, and defaulted on payments, thus left behind a debt of around £20k.
I have since received a couple of emails from a DCA claiming that they are managing the bank's portfolio of defaulted accounts and request I make contact to arrange a repayment through the DCA.
Now, am I right to assume (we all know what that stands for!) the following:
To get the ball rolling peeps - Are the UAE debts enforceable here in the UK, if so, how?
Love to hear your thoughts!
Synergy
Hope all are well.
Right, let's get down to it:
After approx 6 years, job-loss - recently had to return to the UK form the UAE, and defaulted on payments, thus left behind a debt of around £20k.
I have since received a couple of emails from a DCA claiming that they are managing the bank's portfolio of defaulted accounts and request I make contact to arrange a repayment through the DCA.
Now, am I right to assume (we all know what that stands for!) the following:
- DCA's have no legal powers (this I do know)
- The debt is unenforceable in the UK - unless the debt has been 'acquired/purchased' by the DCA (as far as I know UAE banks do not sell their debts to foreign entities)
- These UAE foreign 'debtors' lists are presented to the DCA's debtors' country of origin, as a 'Percentage Recovery Fee'
To get the ball rolling peeps - Are the UAE debts enforceable here in the UK, if so, how?
Love to hear your thoughts!
Synergy
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