Faq

Yes, we do provide assistance in getting you different types of loans including personal loan, buy-out loan, home loan, car loan, education loan etc.

Yes, we assist in all legal cases in case of delinquency.

Yes, we have large network of banks through which we can assist you in getting business loans and other trade finance facilities so that you can meet your working capital requirements.

We have a dedicated team of financial consultants who can assist you in preparing and restructuring your balance sheet, preparing a business plan and feasibility report, audit of balance sheet, and preparation of credit proposal for banks.

We provide our services for you to secure overdraft line, TR financing, letter of credit, LC discounting, cheque discounting, local receivable discounting, letter of guarantee and project finance.

Yes, we do provide assistance in getting new mortgage finance as well as getting you a buy-out loan with competitive rates.

Yes, we have a large network in banking sector and we can help you in getting best possible solution of fleet financing with minimum hassle.

A debt management company assists individuals and businesses in managing and reducing their debts. They offer services such as debt consolidation, restructuring, settlement, and financial counseling to help people regain control of their finances.

Yes, debt management companies can negotiate with creditors to reduce interest rates, waive penalties, or even lower the total amount owed. However, the extent of reduction varies based on the creditor’s policies and the client’s financial situation.

Fees vary by the services provided case to case. Common fees include a percentage of the total debt consultation charges, or monthly management fees. It’s essential to get a clear breakdown of costs before committing.

Yes, depending on the service used. For example, debt consolidation may not impact your credit score negatively, but debt settlement or missed payments during negotiations might temporarily lower your score.

Yes, reputable debt management companies in Dubai are regulated by authorities like the Dubai Economic Department (DED). Always verify a company’s accreditation before working with them.

These companies act as intermediaries, leveraging their expertise to negotiate favorable terms such as lower interest rates, extended repayment periods, or reduced balances.

• Debt Consolidation: Combines multiple debts into one loan with a lower interest rate.
• Debt Settlement: Negotiates with creditors to pay a reduced lump sum instead of the total debt

Most debt management companies have a minimum debt threshold, typically starting at AED 20,000. However, this varies by company and service type.

The timeline depends on the client’s financial situation and the amount of debt. Most plans last between 1 year to 2 years.

Typical documents include:

• A list of all debts
• Proof of income
• Bank statements
• Loan agreements
• Credit card statements

Most plans restrict clients from taking on new debts until the current ones are resolved to ensure financial stability.

Check for:

• Accreditation from the Dubai Economic Department (DED)
• Positive client reviews and testimonials
• Transparent terms and fee structures