Being pursued by Judge & Priestley LLP for debts from Emirates NBD.
I returned to the UK after being made redundant in Dubai. I am unable to find a high paying job in UK (especially since Covid hit) . II can pay the early settlement figure for the credit card, but the personal loan early settlement figure is AED168k which I cannot settle. have worked out that I can only afford to pay £70 a month at the moment, but since it is a AED debt am not being offered any way to pay without incurring telegraphic transfer charges, which would affect how much would be taken off the loan.
How can I make loan repayments from a UK GBP account without incurring telegraphic transfer charges to AED account in Dubai? Should I wait until the debt is sold to a UK company?
Unfortunately, you may not be able to transfer money or make payments without incurring a fee or charge.
If the bank in Dubai will accept a payment plan, that is great! If not, there is little you can do, but wait if the account is sold to a UK collection agency. They then will have to work out a payment plan with you.
Do you have any other debts here in the UK?
I ask as you could then put them all in a debt management plan or some other option here in the UK.
It may be as you state, you wait and see if the account(s) are sold or assigned to a UK collection agency. The issue there is you are always wondering??
Speak to the bank, and get back to me, we will sort this out.