Tag: bank collections

    • Theda Muller
    • Comments Off on Creditors, why the huge increase in down-payments…
    Creditors, why the huge increase in down-payments…

    For clarity purposes, let me reiterate that customers approach you for a reduction of EMI’s (Equated Monthly Installments), due to being unable to cope, hence delinquency for one or more months. If you consider approving this remedial request and the overdues is not that high, say 2 EMI’s, why do you suddenly need both, when

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    • Theda Muller
    • Comments Off on Agencies, you’re not obligated to uphold Bank Ethics?
    Agencies, you’re not obligated to uphold Bank Ethics?

    I recall being instrumental in securing approval from a major UAE bank in 2004, where  upon signing the Agency Agreement, the senior manager informed the agency owner that if the agency at all oversteps the line to victimize their clients, she would personally ensure their contract termination and I respected her for that, because she

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