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non payment of credit cards and personal loan
by Guest on Jul 27, 2008 06:58 AM   Permalink | Hide replies

I was in Dubai where I lived for almost 13 years and in the process acquired some credit cards and also a personal loan...I paid my dues always in time but one day lost my job and almost after 6 months of remaining unemployed followed by rising cost of living, I spent almost all my savings with no hope of getting another job. Finally I left the country without informing the lending institutions of my situation as I was afraid that they will hold me back and that make things worse.
Now I live in the US where I am trying to earn my living but not enough to pay back the lenders. I have received a few phone call from the collection agencies but the situation is odd that I just can’t cope with it....Pls tell me recourse these Dubai based institutions have against me?
-      Can they sue me in the United States?
-      Can they sue me in India (I am still an Indian Citizen)
-      Can they obstruct my travel to India, other countries and back and forth
-      Is there an agency in India which can consolidate my debt and pay on my behalf against a security?

Thanks


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  RE:non payment of credit cards and personal loan
by John Karmer on Aug 05, 2008 05:47 AM   Permalink
kkl

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The above message is part of the Discussion Board:
'Credit card dispute? Go to RBI'