Debt is the amount of money that is given by the creditor to a debtor. When the borrower is delinquent to give any explanation; the creditor makes efforts to get back his own money. If all the efforts went useless or are not answered by the debtors, the creditor submits this task to collect money to the debt collector. In this way, the debt collector or an advocate becomes a new owner of that debt and he will use all legal ways to recollect that money.
Are you wondering what to do as your debt has been sent to an Dubai Lawyers? If ,you are a debtor and not in a position to return money to the debt collector, then you need to solve this matter tactfully. It is quite difficult to deal with debt collectors especially at that time when you are in crisis. Here are a few steps that you need to take when it is needed such as;
- A debtor needs to stay calm and maintain the communication by opening all his channels, if he shuts down his channels to deal with the debt collector, it would reflect that the debtor does not want to return the debt intentionally. Maintaining communication helps you to convince another party that you are serious to settle this matter.
- Take bold steps or use such tactics to ensure the advocate that your commitment to pay is real. The advocates are bound to make phone calls, send letters or adopt other ways to threaten the debtors because it is a legal right of the creditor to adopt the way whatever is available without any hesitation. In this situation, the debtor needs to keep his conversation through letters, emails or register a complaint against the lawyer if his verbal threats are illegal.
- A professional Lawyers in Dubai provides a room of negotiation where the debtor needs to focus on to make a repayment offer and settle down the debt.
- Last but not least, the debtor should keep it in his mind that he will not make this mistake in the future to take loans from the banks.