The escalation of the Kuwaiti local banks in the legal confrontation in the pursuit of defaulting customers abroad has stimulated the work of the specialized companies in the collection of funds.
The banks have developed their own judicial procedures in this regard after they were previously limited to domestic measures against defaulting customers or employees found to be involved in embezzlement and escape cases abroad.
Measures include legal action to issue travel injunctions against the stumbling agent or traitor, issuing a waiting order at the airport, and custodial sentences.
But by contracting with international fund-raising companies, they have been prosecuting the stalled client, reaching a settlement or even locking him open in each country.
Despite the relative success of these companies in recovering some bad debts, you as a client do not have to trust everything that is said to you by the representatives of these companies. If you intend to negotiate the amendment of your status as a debtor, you must first check your bank to match the total amount you pay with what you transferred Here is the collection company claims, according to the newspaper "Al Rai" Kuwaiti.
A number of customers have complained that some of these companies sometimes deliberately maximize the amounts required from the debtor other than the reality, taking advantage of the lack of communication with the bank, in order to achieve greater returns without the knowledge of the bank of course.
A recent incident indicates that a client had already borrowed 3 years ago from a local bank and for personal reasons left the country for his home country.
During the last period, the man tried through one of his friends in Kuwait to pay the rest of his installments in the process of clearing money between them.
After payment of about seven installments, the friend stopped paying, thinking that the debt was over. However, after a period of time the bank put his friend on the list of customers defaulting, referring his name to the collection department, which in turn did his judicial measures, including the blacklisting of the company International collection contracted.
Here, the collection company began the process of negotiating with him to settle his indebtedness amicably, threatening to resort to the judiciary. During an initial offer by the company to the customer via telephone, the company confirmed to the debtor that the bank is required to reconcile with him to pay $ 6,000 (less than 2000 dinars), which is the remainder of the loan loaded interest.
However, the debtor contacted his bank to contact his bank to handle his file. When the latter discussed the issue with the bank's collection department, it turned out that what the collection company said was incorrect. The concerned department informed him that his total indebtedness was just over 1,000 dinars.
Some sources confirm that the incident is one of dozens that have already occurred, calling on customers to be vigilant against claims by collection companies, who are trying to promote to debtors outside the country that the benefits have doubled, and there are softer arguments to collect more money than is required before the bank.
Some international collection companies also charge the customer with settlement fees, but do not raise the required value from the customer if he went directly to the bank, and settled directly or through a relative, or perhaps through a branch of the local bank in his country.
SOURCE
The banks have developed their own judicial procedures in this regard after they were previously limited to domestic measures against defaulting customers or employees found to be involved in embezzlement and escape cases abroad.
Measures include legal action to issue travel injunctions against the stumbling agent or traitor, issuing a waiting order at the airport, and custodial sentences.
But by contracting with international fund-raising companies, they have been prosecuting the stalled client, reaching a settlement or even locking him open in each country.
Despite the relative success of these companies in recovering some bad debts, you as a client do not have to trust everything that is said to you by the representatives of these companies. If you intend to negotiate the amendment of your status as a debtor, you must first check your bank to match the total amount you pay with what you transferred Here is the collection company claims, according to the newspaper "Al Rai" Kuwaiti.
A number of customers have complained that some of these companies sometimes deliberately maximize the amounts required from the debtor other than the reality, taking advantage of the lack of communication with the bank, in order to achieve greater returns without the knowledge of the bank of course.
A recent incident indicates that a client had already borrowed 3 years ago from a local bank and for personal reasons left the country for his home country.
During the last period, the man tried through one of his friends in Kuwait to pay the rest of his installments in the process of clearing money between them.
After payment of about seven installments, the friend stopped paying, thinking that the debt was over. However, after a period of time the bank put his friend on the list of customers defaulting, referring his name to the collection department, which in turn did his judicial measures, including the blacklisting of the company International collection contracted.
Here, the collection company began the process of negotiating with him to settle his indebtedness amicably, threatening to resort to the judiciary. During an initial offer by the company to the customer via telephone, the company confirmed to the debtor that the bank is required to reconcile with him to pay $ 6,000 (less than 2000 dinars), which is the remainder of the loan loaded interest.
However, the debtor contacted his bank to contact his bank to handle his file. When the latter discussed the issue with the bank's collection department, it turned out that what the collection company said was incorrect. The concerned department informed him that his total indebtedness was just over 1,000 dinars.
Some sources confirm that the incident is one of dozens that have already occurred, calling on customers to be vigilant against claims by collection companies, who are trying to promote to debtors outside the country that the benefits have doubled, and there are softer arguments to collect more money than is required before the bank.
Some international collection companies also charge the customer with settlement fees, but do not raise the required value from the customer if he went directly to the bank, and settled directly or through a relative, or perhaps through a branch of the local bank in his country.
SOURCE